Blog - Linkenheimer LLP CPAs & Advisors

April 15 is the Deadline for More Than Just Your Income Tax Return

You know your 2025 federal income tax return is due April 15, 2026. But do you know what else has an April 15 deadline? If you don’t, you could miss out on valuable tax-saving opportunities or become subject to interest and even penalties.

Making 2025 contributions to an IRA

It may be 2026, but you can still make a 2025 contribution to a traditional or Roth IRA until April 15. For 2025, eligible taxpayers can contribute up to $7,000 ($8,000 if they’re age 50 or older). The limit applies to traditional and Roth IRAs on a combined basis.

If you contribute to a traditional IRA, you may be able to deduct the amount on your 2025 income tax return. But if you (or your spouse, if applicable) participate in a work-based retirement plan such as a 401(k) and your income exceeds certain limits, your deduction will be subject to a phaseout.

Roth contributions aren’t tax-deductible, but qualified distributions will be tax-free. Roth contributions are subject to an income-based phaseout, whether or not you (or your spouse) participate in a 401(k) or similar plan. If your Roth IRA contribution is partially or fully phased out, you can […]

By Linkenheimer LLP|2026-03-10T15:32:59+00:00March 10th, 2026|deadline, tax deadlines|0 Comments

When Your Boss Calls, But It’s Not Really Your Boss: Deepfake Fraud Is Here

Picture this: Your CFO calls you on Zoom. She’s asking you to process an urgent wire transfer for a confidential acquisition. You can see her face. You recognize her voice. Other executives are on the call too, nodding along. Everything looks and sounds exactly right.

So you authorize the transfer. And $25 million disappears into a criminal’s bank account.

This isn’t a hypothetical. This happened to engineering firm Arup in early 2024. Every single person on that video call was fake—AI-generated deepfakes created from publicly available conference footage and interviews. The finance employee didn’t stand a chance. And honestly? Neither would most of us.

Welcome to 2026, where seeing is no longer believing, hearing definitely isn’t either, and “I’ll believe it when I see it” has officially retired as a useful phrase.

The Numbers Are Staggering (And Not in a Fun Way)

Deepfake fraud drained $1.1 billion from U.S. corporate accounts in 2025—triple the $360 million lost the year before. By midyear, documented incidents had already quadrupled the entire 2024 total. And here’s the stat that should keep every business owner up at night: 72% of business leaders now identify AI-enabled fraud and deepfakes as their […]

By Linkenheimer LLP|2026-03-03T17:51:44+00:00March 3rd, 2026|AI, Tech|0 Comments

IRS Launches New Web Page to Streamline Tax Fraud and Scam Reporting

The Internal Revenue Service announced the launch of a new web page that allows taxpayers to confidentially report suspected tax fraud, scams, evasion, or other tax-related illegal activities, as well as internal-facing improvements that will enhance how referrals are used to stop illegal activity.

“Improvements to the IRS fraud reporting system make reporting suspected wrongdoing easier and simpler and will address historic challenges that had prevented the IRS from making maximum use of the referrals it receives,” said IRS Chief Executive Officer Frank J. Bisignano. “By reporting suspected tax fraud or scams, taxpayers play an important role in uncovering fraud and supporting the integrity of the nation’s tax system.”

The new web page consolidates multiple IRS fraud-reporting options into a single, centralized location, making it easier for taxpayers to report suspicious activity. The web page can be found by selecting the new ‘Report Fraud’ button on the IRS.gov homepage or at IRS.gov/SubmitATip. Taxpayers are encouraged to report suspected tax-related wrongdoing as soon as possible to help the IRS address fraud and noncompliance.

The new web page is only an initial improvement to the IRS’s fraud reporting process. Over the longer term, […]

By Linkenheimer LLP|2026-02-27T18:33:07+00:00February 27th, 2026|irs, News|0 Comments

The Great Subscription Creep: How Software Costs Are Quietly Eating Your Budget

Quick question: How many software subscriptions does your business pay for right now?

If you answered with confidence, you’re in the minority. If you said “I think around 10 or 15?” you’re probably closer to reality—but still low. The average small business now pays for over 15 different software subscriptions, and here’s the uncomfortable truth: you’re likely wasting 30% of that budget on seats nobody’s using.

Welcome to the era of subscription creep, where $12.99 here and $49/month there quietly compounds into a line item that would make your 2015 self faint.

Death by a Thousand Monthly Charges

Remember when software came in a box? You bought it once, installed it, and used it until the CD physically disintegrated. Those days are gone, replaced by the SaaS (Software as a Service) model that promised flexibility and always-updated tools. And it delivered! But it also delivered something else: a slow, steady drain on your operating budget that’s accelerating faster than inflation.

Here’s what the numbers look like in 2026: SaaS costs per employee hit $9,100 annually—up from $7,900 just two years ago. Total SaaS spending increased 8% year-over-year even though companies aren’t adding more tools. 61% of […]

By Linkenheimer LLP|2026-02-17T18:42:53+00:00February 17th, 2026|AI, business, Tech|0 Comments

When Medical Expenses are — and aren’t — Tax Deductible

If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income tax return. Income-based thresholds and other rules can make it hard to claim the medical expense deduction. At the same time, more types of expenses may be eligible than you might expect.

Limits on the deduction

Medical expenses are deductible only if they weren’t reimbursable by insurance or paid via tax-advantaged accounts (such as Flexible Spending Accounts or Health Savings Accounts). In addition, they’re deductible only to the extent that, in aggregate, they exceed 7.5% of your adjusted gross income (AGI).

For example, if your 2025 AGI was $100,000, your eligible medical expenses during the year would have to total more than $7,500 for you to claim the deduction — and only the amount in excess of that floor would be deductible. If you had $10,000 in eligible expenses, your potential deduction would be $2,500.

In addition, medical expenses are deductible only if you itemize deductions. For itemizing to be beneficial, your itemized deductions must exceed your standard deduction. Due to changes under the Tax Cuts and Jobs Act that were made permanent […]

By Linkenheimer LLP|2026-02-16T20:48:20+00:00February 16th, 2026|deduction, medical deduction, medical expense|0 Comments