GranthamPoole Blog
Welcome to the GranthamPoole Blog - your trusted resource for expert accounting, tax, and financial advisory insights in Mississippi. Whether you're a business owner looking for strategic tax planning, an entrepreneur navigating complex financial regulations, or an individual seeking smart money management tips, our blog delivers valuable guidance to help you make informed financial decisions.
Stay up to date with the latest tax law changes, business advisory strategies, and industry trends - backed by the expertise of our experienced CPAs and financial professionals.
Tipping the Scales — What the IRS’ New Tip Income Rules Mean for You
If you or your clients work in industries where tipping is part of the paycheck — like restaurants, salons, or healthcare — a new IRS rule could mean serious savings. Thanks to recent legislation, tip earners can now deduct up to $25,000 in qualified tip income annually, without itemizing. Employers will also see new reporting requirements, with transition relief on the way.
Less Payroll Grind, More Strategic Shine: A New Era in QBO Payroll
Payroll doesn’t have to be a grind. Discover how QuickBooks Online Payroll is transforming tedious tasks into strategic wins — with automation that catches errors, streamlines pay changes, and frees up time for what really matters.
Employee vs. Independent Contractor: What Every Business Owner Needs to Know
Hiring workers or working with contractors? Understanding the difference between employees and independent contractors is more important than ever. This post breaks down what business owners need to know to stay compliant and avoid costly missteps—especially when managing remote teams. Our firm is here to help you navigate these changes with confidence.
IRS Raises 1099 Reporting Threshold to $2,000 Starting in 2026
Big changes are coming to tax reporting in 2026! Whether you're a business owner, freelancer, or landlord, the IRS is raising the 1099 reporting threshold from $600 to $2,000—meaning fewer forms, less hassle, and simpler year-end accounting. Find out what’s changing and how to prepare in our latest post.
Top Five Advantages of Engaging a Lean Six Sigma Practitioner
Discover how engaging a Lean Six Sigma practitioner can transform your internal processes—streamlining billing, accelerating collections, and enhancing client satisfaction. From reducing operational waste to empowering your team with data-driven insights, here are the top 5 ways a process review can deliver measurable impact for professional services firms.
Empowering Families, Enriching Futures: How OBBBA is affecting everyday life
The One Big Beautiful Bill Act (OBBBA) introduces new policies aimed at supporting families, children, and education. From expanded tax credits and savings tools to increased flexibility for parents and broader school choice, the bill outlines a range of reforms designed to promote long-term growth and opportunity. Read our latest blog for a closer look at how the OBBBA could impact everyday life.
A New Era for Retirees and Pre-Retirees
The One Big Beautiful Bill Act (OBBBA) is reshaping the retirement landscape with sweeping changes that benefit retirees, pre-retirees, and legacy planners. From locking in permanent tax brackets to boosting deductions and expanding estate planning opportunities, this legislation opens a rare window for strategic financial moves. In this post, we break down the most impactful provisions and share actionable tips to help you make the most of this new era in retirement planning.