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By Katie McClintock, Senior CPA & CEO – McClintock & Associates CPA If the tax deadline has come and gone and you haven’t filed—take a breath. You are not alone, and more importantly, you still have options. Whether you: - Missed this year’s filing deadline - Haven’t filed for prior years - Or need to correct mistakes on a past return The most important thing is not to wait any longer. First—What Happens If You Miss the Deadline? The IRS generally imposes two main pen

A CPA’s Guide for Parents and Families By Katie McClintock , CPA A new type of investment account for children—often referred to as a “Trump Account”—has generated a lot of questions from parents. Many clients are asking: Is this a tax return for my child? Do I need to file something separately? Is this better than a 529 plan? Let’s break this down in plain English. What Is a “Trump Account”? A “Trump Account” is a tax-advantaged investment account for children under

Starting or running a business in Colorado Springs is exciting—but it can also feel overwhelming at times. From taxes to setup decisions, there’s a lot to think about.The good news is—you don’t have to figure it out alone.Katie McClintock, CPA is here to help guide you through every step, whether you are just starting your business or have been running one for years. The goal is simple: make things easier, clearer, and more financially efficient for you. Starting a New Busine

What’s New for 2025 Business Tax Returns By Katie McClintock , CPA McClintock & Associates CPA Business owners heading into the 2025 tax year (filed in 2026) are facing a tax landscape that continues to evolve. Recent federal changes have created new opportunities for deductions and planning—but also added complexity that can easily lead to missed benefits or costly mistakes if not handled correctly. Below is an overview of several important developments affecting 2025 busine

The 2025 Tax Act: What Small Businesses and Individuals Need to Know By McClintock & Associates, CPA mcclintocktaxcpa.com | 📞 719-466-2828 The new 2025 Tax Act brings some of the most significant tax changes in years. While much of the attention has been on corporations, there are major impacts for small business owners, self-employed professionals, and individual taxpayers. Here’s what you need to know: For Small Business Owners 1. Section 179 & Bonus Depreciation – Perman

Home Office Tax Deduction? What is the Home Office Deduction? The home office deduction allows eligible business owners to deduct a...