Blog
Unreported Crypto Gains? How Mobile, AL Taxpayers Can Fix Past Tax Returns
Quick Answer: If you failed to report crypto gains on previous tax returns, start by reconstructing your transactions and calculating what you...
The Willis Firm PC’s Guide: Can You Give Employees Tax Free Bonuses for the Holidays?
Quick Answer: You can’t give tax-free cash or gift cards for the holidays, as the IRS classifies all cash-equivalent bonuses as taxable wages...
Types of Prepaid Expenses to Optimize Your Mobile, AL Business’s Cash Flow Before Dec 31
Quick Answer: If you run a cash-basis business, you can lock in immediate tax savings on upcoming 2027 operating costs by paying those vendor...
The Willis Firm PC’s Take: How Much Cash Should A Business Have On Hand?
Quick Answer: Keep three to six months of baseline operating expenses in liquid reserves, alongside a separate tax account holding 15% to 30%...
How The Bad Business Debt Deduction Could Lower Your 2026 Mobile, AL Business Taxes
Quick Answer: Uncollectible business receivables convert into ordinary losses that reduce your active net profit dollar-for-dollar...
Can ChatGPT Help With Taxes? A Guide for Mobile, AL Taxpayers
Quick Answer: ChatGPT can explain tax terms, summarize IRS notices, and give you general information about collection options. But it...
How To Fix Common QuickBooks Online Problems Mobile, AL Small Business Owners Face
Quick Answer: To fix common QuickBooks Online problems, audit your bank feed queue to ensure transactions are matched to open invoices...
How to Elect S Corp Status: Mobile, AL Tax Resolution Guide
Quick Answer: If you missed the IRS deadline, you can still secure retroactive approval and protect your business's tax savings. Through...
The Mobile, AL Small Business Q3 Payroll Checklist for a Painless Year-End Close
Quick Answer: Your pre-year end payroll checklist should include reviewing new OBBBA wage codes, collecting missing 1099 tax forms, and...








