The Kamish & Associates Blog

IRS Announces 2026 and 2027 Per Diem Rates for Business Travel

IRS Notice 2026-60 raises the high-low per diem rates for business travel beginning October 1, 2026, and changes the list of high-cost localities. Here is what employers, business owners, and travelers should know.

Caring for a Family Member? Understand the Special Tax Rules

Caregiver payments may still be taxable income even when they are not subject to self-employment tax. The correct treatment depends on the working relationship and whether the caregiver operates a caregiving business.

Trump Account Proposed Regulations: What Employers and Employees Need to Know

The U.S. Department of the Treasury and the IRS have released proposed regulations that give employers a clearer framework for contributing to Trump Accounts for employees or their dependents. The proposal was published in the Federal Register on August 11, 2026, and a technical correction followed on August 24, 2026.

IRS Extends Livestock Replacement Period for Florida Farmers Affected by Drought

IRS Notice 2026-54 gives eligible livestock producers in Florida and 48 other states more time to replace animals sold due to drought and potentially defer gain.

Q4 Tax Planning Is Not Just for Businesses: Why Every Taxpayer Should Review Their Finances Before Year-End

You do not need to own a business or have a complicated tax return to benefit from Q4 tax planning. A year-end review can help employees, families, retirees, investors, and other taxpayers identify potential problems while there is still time to act.

In-Kind Charitable Donations: Tax Traps and Capital Gains Strategies

Donating appreciated assets can support the causes you care about while potentially reducing capital gains taxes. However, holding periods, valuation rules, deduction limits, and documentation requirements can quickly turn a thoughtful gift into an expensive tax mistake. Learn the strategies and common traps to consider before making an in-kind charitable donation.

Haven’t Filed Your Tax Returns? The IRS Plans to Increase Nonfiler Enforcement

Could better IRS coordination change how nonfilers are managed? Kamish & Associates explores the implications for taxpayers in Tampa Bay.

S Corporation Reasonable Salary: What Owners Need to Know

An S corporation can create valuable tax-planning opportunities, but owners who work in the business generally cannot take all their earnings as distributions. Here is what reasonable compensation means and how to document it.

The 2026 Saver's Credit: Turn Retirement Contributions Into a Tax Break Before the Rules Change

The 2026 Saver's Credit may reduce your federal tax when you contribute to an eligible retirement account. See the new limits and rules.

Heading Into Q4: Should Wealth Taxes Be Part of Your 2026 Financial Planning?

What business owners, investors, and high-net-worth individuals should review before December 31

IRS Proposes New Rules to Protect Refundable Tax Credits: What Tampa Bay Business Owners Need to Know

The IRS has proposed new rules to curb abuse of refundable tax credits. Stay informed on how these updates impact your business with Kamish & Associates.

IRS Links Illegal Gambling to $126M in Money Laundering

A recent $126 million money laundering case underscores the importance of financial compliance. Learn how Kamish & Associates can help protect your Tampa Bay business.

Retirement Plan and IRA Rollovers: Rules, Deadlines, and Tax Traps to Avoid

Changing jobs or moving retirement funds? Learn how rollovers work, which deadlines matter, and how to avoid unnecessary taxes and penalties.

IRS Notice 2026-28: What Employers Should Know About the Paid Family and Medical Leave Tax Credit

The IRS has issued new guidance on the permanent Section 45S paid family and medical leave tax credit. Learn how the wage and premium methods work and what employers should document.

IRS Improper Payments on Refundable Tax Credits Rose in FY 2025: What Taxpayers Should Know

A new government audit found that estimated improper payments involving four refundable tax credits increased in fiscal year 2025. Learn what the report means and how taxpayers can help avoid credit-related errors.

Trump Accounts and Gift Tax: Do You Need to File a Gift Tax Return?

Wondering if your financial gifts require a tax return? Kamish & Associates breaks down the filing requirements for taxpayers in Florida.

AI-Generated Comments Flood IRS Proposed Rulemaking Process

The IRS rulemaking process is facing a wave of AI-generated comments. Discover what this means for future tax regulations and your business strategy with Kamish & Associates.

Tax Extension Deadlines Approaching

Don't get caught off guard by upcoming tax extension deadlines. Discover how the team at Kamish & Associates can help you manage your filings with confidence.

IRS Raises Mileage Rate to 76 Cents Per Mile Beginning July 1, 2026 | What Business Owners Need to Know

The IRS has increased the standard mileage rate effective July 1, 2026. Learn the new mileage rates, who they apply to, and how they affect your tax deductions.

Tax Planning: How to Avoid a Surprise Tax Bill Next Year

Learn how proactive tax planning can help you avoid surprise tax bills, reduce your tax liability, and make smarter financial decisions before year-end.

IRS Automatic Penalty Relief 2027: Replacing First-Time Penalty Abatement

Making a simple mistake on your tax return can be stressful, especially if it results in IRS penalties. The good news? The IRS is making it easier for eligible taxpayers to receive penalty relief. Beginning this summer, the IRS is rolling out a new Automatic Exemption from Penalty (AEP) program, which will gradually replace the current First-Time Penalty Abatement (FTA) program. The new system is designed to eliminate paperwork and automatically grant relief to taxpayers who have a strong history of compliance. Here's what you need to know.

Trump Accounts Are Live: What Parents Should Know and How to Create an Account

Trump Accounts are now live for eligible children. Learn who qualifies, how to create an account, how the $1,000 government contribution works, and what parents should know before signing up.

IRS Notice CP53E: What It Means If the IRS Could Not Direct Deposit Your Refund

Hurricane Preparedness Checklist for Florida Homeowners: What to Do Before a Storm Threatens

Why Business Owners Need a Post-Tax Season Checkup

Side Hustles Are Booming: What Are the Tax Implications?

Summer Tax Tips

"Maximize your savings this summer with our top tax tips! Discover strategies to minimize liability and boost your financial health all season long."

5 Year-End Tax Strategies Every Small Business Owner Should Know

Don't wait until April to think about taxes. These proactive strategies can significantly reduce your tax liability and set your business up for a stronger year ahead.

5 Year-End Tax Strategies Every Small Business Owner Should Know

Don't wait until April to think about taxes. These proactive strategies can significantly reduce your tax liability and set your business up for a stronger year ahead.

Why Monthly Bookkeeping Is a Game-Changer for Growing Businesses

Many small business owners treat bookkeeping as an afterthought. Here's why staying on top of your books every month—not just at year-end—leads to better decisions and fewer surprises.

Why Monthly Bookkeeping Is a Game-Changer for Growing Businesses

Many small business owners treat bookkeeping as an afterthought. Here's why staying on top of your books every month—not just at year-end—leads to better decisions and fewer surprises.

Choosing the Right Entity Structure: LLC, S-Corp, or C-Corp?

Entity selection is one of the most impactful decisions you'll make as a business owner. We break down the key differences and what makes sense for your situation.

Choosing the Right Entity Structure: LLC, S-Corp, or C-Corp?

Entity selection is one of the most impactful decisions you'll make as a business owner. We break down the key differences and what makes sense for your situation.

What Medical Practices Need to Know About Physician Income Planning

Physicians face unique financial challenges that require specialized planning. From retirement contributions to entity structuring, here's what you should be thinking about.

What Medical Practices Need to Know About Physician Income Planning

Physicians face unique financial challenges that require specialized planning. From retirement contributions to entity structuring, here's what you should be thinking about.

Quarterly Estimated Taxes: A Guide for Freelancers and Self-Employed Professionals

Missing estimated tax payments can lead to penalties and a big bill in April. This guide walks you through what you owe, when you owe it, and how to plan ahead.

Quarterly Estimated Taxes: A Guide for Freelancers and Self-Employed Professionals

Missing estimated tax payments can lead to penalties and a big bill in April. This guide walks you through what you owe, when you owe it, and how to plan ahead.

The Real Cost of DIY Accounting (And When to Hire a CPA)

Spreadsheets and accounting software can only take you so far. We explore the hidden costs of going it alone—and how a CPA pays for itself many times over.

The Real Cost of DIY Accounting (And When to Hire a CPA)

Spreadsheets and accounting software can only take you so far. We explore the hidden costs of going it alone—and how a CPA pays for itself many times over.