Nolan Accounting Center ClientLine Newsletter

Nolan Accounting Center

4262 South 108th Street

Greenfield, WI 53228

Phone: 414-425-5690

Fax: 414-425-2373

August 2026

Is A Roth IRA A Good Fit For Your Goals

Traditional and Roth individual retirement accounts are both solid options for retirement savings. A Roth IRA offers tax advantages when you withdraw your funds, while contributions to a traditional IRA are tax-deferred until you take distributions. Comparing both IRA options can help you make an informed decision.

Business Interest Deduction

A business interest deduction is a tax provision allowing businesses to deduct interest paid or accrued on debt related to their operations, such as loans for equipment, vehicles, or business expansion.

Health Savings Accounts and OBBBA

Under OBBBA, changes expanded eligibility for Health Savings Accounts (HSAs), effective January 1, 2026. HSAs are triple tax-advantaged, with tax-deferred contributions, tax-free earnings, and tax-free withdrawals for qualified medical expenses.

August 2026 Client Profile

Tom knows that flextime can be a valuable benefit for his employees, but he isn't sure how to implement a flextime program.

Don't Fear Capital Gains Tax

Everyone wants to minimize taxes owed, but the suitability of an investment for you is more important than whether you may, at some point, owe capital gains tax on it. The point is to manage capital gains, not to avoid attractive investments that may trigger them.

Save For Retirement or College

For those with young families, this can be a quandary. Try to save for both, but prioritize retirement savings. There are loans for college, but not for retirement.

August 2026 Q and A

Let's talk about creating a will since it's National Make-A-Will Month.

Importance of Managing Cash Flow

Effective cash management is the first step toward ensuring you have enough funds to meet your business's financial obligations. Cash planning helps you increase inventory, expand to new locations, and pursue other growth opportunities. It requires the focus and skills of everyone on your management team.

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