J Smith & Company

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J Smith & Company Reliable, professional accounting services for individuals and businesses across all 50 states. From tax prep to bookkeeping — we make the numbers work for you.

Trusted expertise, nationwide reach. Schedule your free financial analysis today!

10/16/2026

We just want our clients to keep more of the money they worked hard to earn. The IRS doesn’t need a tip.

10/15/2026

Business expense or not? It’s not always as obvious as you’d think. Here’s what you can actually write off.

Paying business expenses out of your own pocket doesn’t mean you should personally absorb the cost. An accountable plan ...
10/14/2026

Paying business expenses out of your own pocket doesn’t mean you should personally absorb the cost. An accountable plan gives your business a structured way to reimburse qualifying expenses without adding that reimbursement to your taxable wages.

10/13/2026

A big tax refund can feel like a win, but it often means you paid more throughout the year than you needed to.

The goal is not a bigger refund. It is a better tax strategy that helps you keep more of your money throughout the year.

10/12/2026

The habits that keep your business healthy aren’t all financial. Stay on top of your numbers, plan ahead, and build a business that can actually function when you step away from it. The goal is to build a business that gives you the freedom to enjoy what you’ve built.

Depreciation can save you money while you own an asset, but selling it can change the equation. Knowing the tax impact b...
10/09/2026

Depreciation can save you money while you own an asset, but selling it can change the equation. Knowing the tax impact before you sell can help you avoid an unexpected bill.

10/07/2026

Finding deductions at tax time can help, but the biggest opportunities often come from planning ahead.

Tax strategy gives you time to structure decisions, use the right strategies, and make changes while you still have options.

April should be about filing the plan, not creating it.

10/06/2026

Cost segregation can help you take more of your depreciation deductions sooner instead of spreading them out over decades.

By breaking a property into qualifying components, certain parts can be depreciated over shorter periods, accelerating deductions and potentially lowering your tax bill sooner.

That means more of the tax benefit can work in your favor today instead of years down the road.

One of the biggest advantages of an S-Corp is the ability to split income between salary and distributions. But that doe...
10/05/2026

One of the biggest advantages of an S-Corp is the ability to split income between salary and distributions. But that does not mean you can make your salary as low as possible.

The IRS requires shareholder-employees to receive reasonable compensation for the work they perform. If your salary is too low, distributions can potentially be reclassified as wages, which can mean additional payroll taxes and penalties.

The S-Corp strategy works when the structure behind it works.

10/04/2026

Some business decisions are scarier than any horror movie. Avoid the jump scares by keeping your books clean, planning ahead, and handling your tax strategy before there’s a problem.

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Spokane, WA

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