Welcome to the Mickele Nowden CPA Community – Your Exclusive Hub for Financial Success!

Step into a trusted space where current and future clients can confidently and clearly explore tax and accounting topics. As your dedicated CPA partner, we've created this community to share expert insights, answer your questions, and foster meaningful discussions about taxes, bookkeeping, and business advisory services.

We believe in personalized attention and real solutions, which is why we've moved away from traditional social media to create this focused platform just for you. Here, you'll find valuable resources, timely updates, and a supportive network of professionals and peers, all working toward financial excellence.

Whether you're seeking tax guidance, bookkeeping expertise, or strategic financial advice, you've found your home. Join our community today to access exclusive content, engage in meaningful discussions, and take control of your financial future.

Let's grow and learn together!

After four years of work, the IRS has finalized its cryptocurrency regulations, and crypto tax reporting now begins. Starting with the 2025 tax year, custodial crypto platforms must report taxable crypto transactions directly to the IRS.

“Digital asset brokers” must handle this reporting when they take custody of the digital assets their customers sell or exchange. These brokers include

• operators of centralized trading platforms such as Coinbase, Kraken, and Binance; and

• hosted wallet providers (also called “custodial wallets”).

Many IRA and retirement plan limits are indexed for inflation each year. Several of these key numbers have increased once again for 2026.

How much can you save in an IRA?

The maximum amount you can contribute to a traditional IRA or a Roth IRA in 2026 will be $7,500 (or 100% of your earned income, if less), up from $7,000 in 2025. The maximum catch-up contribution for those age 50 or older is $1,100, increased from $1,000 in 2025. You can contribute to both a traditional IRA and a Roth IRA in 2026, but your total contributions cannot exceed these annual limits.

Can you deduct your traditional IRA contributions?

If you (or both you and your spouse, if you're married) are not covered by a work-based retirement plan, your contributions to a traditional IRA are generally fully tax-deductible.

Thinking of prepaying for your 2025 tax prep?

Great news: you can now Pay Later with Affirm — and some lucky clients even qualify for a 0% interest 3-month plan.

Yep. Zero. As in the amount of joy tax season brings any of us. But at least paying for it doesn’t have to hurt.

Here’s the deal:

• You get flexible payments.