Recent News

Consider these issues before providing (or reimbursing) mobile phones

For many employees, mobile phones are no longer a perk — they’re an essential business tool. However, issuing company phones or reimbursing employees for use of their personal devices can create hidden security risks, unexpected tax consequences and productivity concerns for business owners. Here are some key issues to consider before rolling out or revising your company’s mobile phone policy. Security risks In general, the biggest security risk associated with mobile phones is that they may lack robust protections against phishing, malware and other cyberthreats. Hackers could use an employee’s phone to access your business’s IT network, leading to theft...

Tax filing update for pass-through entities

Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes or an S corporation? In tax lingo, these are called “pass-through” entities because their taxable income items, tax deductions and tax credits are passed through to their owners and taken into account on the owners’ federal income tax returns. These entities generally don’t owe any federal income tax themselves. Here are some important things to know about tax filing for pass-through entities. March 16 deadline Even though pass-through entities generally don’t owe federal income tax at the entity level, they...

Is it time for your business to start outsourcing?

As a small to midsize business grows, demands on its time, talent and resources inevitably expand right along with it. Many business owners reach a point where continuing to do everything in-house — or even themselves — begins to slow progress or expose the company to unnecessary risk. Have you reached this point yet? If so, or even if you’re getting close, outsourcing could be a smart move. Common candidates Many business activities can be outsourced. The key is identifying functions that, if handled by an external provider, would improve efficiency, strengthen compliance, and give you and your team more...

Important 2026 tax figures for businesses

A new year brings many new tax-related figures for businesses. Here’s an overview of key figures for 2026. Be aware that exceptions or additional rules or limits may apply. Depreciation-related tax breaks Bonus depreciation: 100% Section 179 expensing limit: $2.56 million Section 179 phaseout threshold: $4.09 million Qualified retirement plan limits 401(k), 403(b) and 457 plan deferrals: $24,500 401(k), 403(b) and 457 plan catch-up contributions for those age 50 or older: $8,000 401(k), 403(b) and 457 plan additional catch-up contributions for those age 60, 61, 62 or 63: $3,250 SIMPLE deferrals: $17,000 SIMPLE catch-up contributions for those age 50 or...

2026 General Payroll Information

Acuity's 2026 General Payroll Information Brochure is now available. Please see link below to access. Brochure Link

Reporting Qualified Overtime for 2025

The One Big Beautiful Bill Act (OBBBA) passed in July creates a new federal income tax deduction for “qualified overtime” pay for eligible taxpayers. Employers are responsible to provide the amount of qualified overtime that is eligible to be excluded to their employees. The IRS has issued guidance on the reporting of Qualified Overtime Compensation for the 2025 reporting year and has designated 2025 as a transition year and therefore will not penalize employers for failing to separately report qualified overtime or report it on the employee's W-2 or 1099. The IRS recognizes employers may not have the required information...