Paul Mueller CPA LLC

Paul Mueller CPA LLC If you are looking for a blend of personal service and expertise, you have come to the right place! Our rates are affordable. We are experienced and friendly

We offer a broad range of services for business owners, executives and independent professionals. Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienc

ed tax professional. We can also assist if you find yourself on the wrong side of the IRS. We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through.

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Man...
04/21/2026

Do you dream of retiring early? As in, really early? So do adherents of FIRE (Financial Independence, Retire Early). Many FIRE followers aim to retire in their 40s or even 30s! They make it happen by saving at least 50% of their current income, which some maximize by working second jobs. Obviously, this requires discipline and planning. But if early retirement is a priority, call us {Phone%} so we can help you make it happen.

Two federal tax breaks can help offset the cost of accessibility improvements. In 2026, qualifying small businesses (wit...
04/20/2026

Two federal tax breaks can help offset the cost of accessibility improvements. In 2026, qualifying small businesses (with $1 million or less in gross receipts or no more than 30 full-time employees in 2025) may claim the Disabled Access Credit. It’s generally worth 50% of eligible accessibility costs (up to a $5,000 maximum). Businesses of any size may also deduct up to $15,000 per year for qualified architectural and transportation barrier removal. You can claim both benefits in the same year, but not for the same expense. New construction isn’t eligible for either break. If you’re planning upgrades, call us at (308) 754-4557 to help you make the most of these incentives.

The IRS has launched a new “Report Fraud” webpage to simplify confidential reporting of suspected tax fraud or scams. It...
04/17/2026

The IRS has launched a new “Report Fraud” webpage to simplify confidential reporting of suspected tax fraud or scams. It consolidates multiple IRS fraud-reporting options into a single location, allowing taxpayers to report suspected scams, tax evasion or other tax-related misconduct in one place. This is the initial phase; the IRS plans to further streamline fraud reporting by reducing the number of forms, automating processes and adopting modern case‑management tools. We’re here if you have questions. Call us at (308) 754-4557.

If you own foreign assets and fail to properly address them in your estate plan, unexpected tax outcomes can result. For...
04/15/2026

If you own foreign assets and fail to properly address them in your estate plan, unexpected tax outcomes can result. For example, if you’re a U.S. citizen, your worldwide assets are potentially subject to federal gift and estate taxes, regardless of where you live or where the assets are located. So, if you own assets in other countries and the assets are subject to estate, inheritance or other death taxes in those countries, there’s a risk of double taxation. Call us at (308) 754-4557 to learn more about how to properly account for foreign assets in your estate plan.

Holding real estate within your operating company may lead to unfavorable tax outcomes and increased risk. For example, ...
04/14/2026

Holding real estate within your operating company may lead to unfavorable tax outcomes and increased risk. For example, office or warehouse space owned by a C corporation is generally subject to double taxation when it’s sold. Or, if a customer is injured on company property, other business assets could be at risk. Separating real estate into its own entity, such as a limited liability company or partnership, can help reduce your exposure and provide greater flexibility for long-term planning. Call us at (308) 754-4557 to review your business structure and determine the best fit for your situation.

Can business debt become personal? In some cases, yes. If you’re a sole proprietor or a general partner in a partnership...
04/13/2026

Can business debt become personal? In some cases, yes. If you’re a sole proprietor or a general partner in a partnership, you’re personally liable for business debts. Owners of corporations and limited liability companies are generally protected from personal liability, unless they personally guarantee a loan, commit fraud or fail to keep business and personal finances separate. Payroll taxes are different. The IRS can assess the Trust Fund Recovery Penalty to hold owners, officers or other responsible individuals personally liable for unpaid withheld payroll taxes, regardless of the business structure. This applies even if the business declares bankruptcy. Call us at (308) 754-4557 with questions.

You’ll receive a CP24 notice if the IRS reviews your tax return and determines you’re due a refund that differs from wha...
04/10/2026

You’ll receive a CP24 notice if the IRS reviews your tax return and determines you’re due a refund that differs from what you originally claimed. This often happens because the IRS corrected a math error, applied a payment or credit differently, or offset a refund to pay another tax liability. The notice explains what changed and how the refund was calculated. Generally, no response is required if you agree with the adjustment; your adjusted refund will be issued automatically. But if you disagree or don’t understand the change, it’s important to review the notice carefully and respond by the deadline. We can help you determine whether the IRS adjustment is correct and advise on next steps. Call us at (308) 754-4557.

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, w...
04/08/2026

The stepped-up basis rules can reduce capital gains tax for family members who inherit your assets. Under these rules, when your loved one inherits an asset, its tax basis is “stepped up” to its fair market value at the time of your death. If the heir later sells the asset, he or she will owe capital gains tax only on any appreciation after your date of death, rather than on the entire gain since you acquired it. Investment accounts, business interests, real estate and personal property are among the assets affected by the stepped-up basis rules. Call us at (308) 754-4557 for details.

Imagine if a fraud perpetrator wiped out your 401(k) account balance overnight. Would you still be able to retire? Milli...
04/07/2026

Imagine if a fraud perpetrator wiped out your 401(k) account balance overnight. Would you still be able to retire? Millions of dollars in U.S. retirement plans have been stolen thanks to hackers, identity thieves and social engineers, such as scammers using phishing emails to obtain financial and other personal information. But you can protect your hard-earned savings! Call us (308) 754-4557 for retirement planning help.

Starting in 2026, the tax rules for the personal casualty loss deduction are changing. While the deduction remains limit...
04/06/2026

Starting in 2026, the tax rules for the personal casualty loss deduction are changing. While the deduction remains limited mainly to disaster-related losses, eligibility is expanding beyond federally declared disasters to include certain state-declared disasters. Because the rules are complicated and additional limits apply, review your situation with us. We can help determine whether you’re eligible for a casualty loss deduction. Contact us at (308) 754-4557.

The IRS issued interim guidance on the new special depreciation allowance for qualified production property under tax le...
04/03/2026

The IRS issued interim guidance on the new special depreciation allowance for qualified production property under tax legislation signed into law in July of 2025. The guidance defines qualified production property and activities (such as certain manufacturing, chemical production and agricultural production), explains how to determine the allowance, and outlines how and when to elect it. It also addresses depreciation recapture if the property no longer meets the requirements. Eligible taxpayers can deduct up to 100% of the unadjusted basis of qualified production property placed in service after July 4, 2025, and before Jan. 1, 2031. Contact us at (308) 754-4557 if you have questions.

When you’re busy running a business, it’s easy to overlook or dismiss the warning signs of financial distress. Rising em...
04/01/2026

When you’re busy running a business, it’s easy to overlook or dismiss the warning signs of financial distress. Rising employee turnover can signal internal strain. Cash flow issues may indicate slow collections or weak working capital practices. And sudden external shifts — such as interest rate volatility, cost increases or supply chain disruptions — can take a toll on otherwise healthy businesses. Supplementing your company’s year-end financial statements with interim reports or targeted agreed-upon procedures can help you spot problems early and take prompt corrective action. Contact us at (308) 754-4557 to learn more.

Address

710 7th Street
Saint Paul, NE
68873

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+13087544557

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