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 experienced 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.

Gifts that consist of hard-to-value assets, such as interests in a closely held business, can be risky. A defined-value ...
01/05/2026

Gifts that consist of hard-to-value assets, such as interests in a closely held business, can be risky. A defined-value gift may help you avoid unexpected tax liabilities. A defined-value gift is a gift of assets that are valued at a specific dollar amount rather than a certain number of stock shares or a specified percentage of a business entity. Structured properly, a defined-value gift won’t trigger gift taxes down the road. The key to this strategy is that the defined-value language in the transfer document is drafted as a “formula” clause rather than an invalid “savings” clause. Call us at (308) 754-4557 to learn more.

For 2026, the federal gift and estate tax exemption increases to $15 million (up from $13.99 million for 2025). That amo...
01/02/2026

For 2026, the federal gift and estate tax exemption increases to $15 million (up from $13.99 million for 2025). That amount will be adjusted annually for inflation for 2027 and beyond. Without tax legislation signed into law in 2025, the exemption would have returned to an inflation-adjusted $5 million for 2026. The generation-skipping transfer tax exemption amount also increases to $15 million for 2026 and will be annually adjusted for inflation after that. Contact us at (308) 754-4557 to discuss how these changes might affect your estate plan.

Maximize your business tax deductions. Minimize your stress. Let us handle your company’s tax planning, return preparati...
12/31/2025

Maximize your business tax deductions. Minimize your stress. Let us handle your company’s tax planning, return preparation and strategy so you can focus on taking your business to the next level. Contact us at (308) 754-4557.

If you own a life insurance policy, a portion of its proceeds could be lost to estate tax if your estate exceeds the gif...
12/30/2025

If you own a life insurance policy, a portion of its proceeds could be lost to estate tax if your estate exceeds the gift and estate tax exemption amount. If you don’t own the policy, the proceeds won’t be included in your taxable estate. Using an irrevocable life insurance trust (ILIT) can keep life insurance policies out of your estate. An ILIT owns one or more policies on your life, and it manages and distributes policy proceeds according to your wishes. You aren’t allowed to retain any powers over the policy, such as the right to change the beneficiary. Contact us at (308) 754-4557 for details.

The One Big Beautiful Bill Act (OBBBA) brings major tax savings and planning opportunities for many businesses. Here are...
12/29/2025

The One Big Beautiful Bill Act (OBBBA) brings major tax savings and planning opportunities for many businesses. Here are four highlights: 1) 100% first-year bonus depreciation for qualified new and used assets and production property, 2) an enhanced research and experimentation deduction, 3) expanded gain exclusions for qualified small business stock. 4) permanent 20% qualified business income deduction for pass-through businesses and sole proprietorships. Contact us at (308) 754-4557 to review your tax strategies and lock in benefits under the OBBBA.

A strong personal financial strategy isn’t just about numbers. It’s about peace of mind. We can help you achieve it with...
12/24/2025

A strong personal financial strategy isn’t just about numbers. It’s about peace of mind. We can help you achieve it with tax strategies that maximize savings, retirement planning that fits your goals, and estate planning that protects your legacy. Ready to build a more secure future? Contact us at (308) 754-4557.

You may want to offer employees a retirement savings plan, but they can be expensive and complex. What’s a small busines...
12/23/2025

You may want to offer employees a retirement savings plan, but they can be expensive and complex. What’s a small business owner to do? Consider a simplified employee pension (SEP). They’re easy to set up and administer. Requirements are minimal: All workers must be eligible to participate, and your contributions can’t discriminate in favor of highly compensated employees. In 2025, you can contribute up to $70,000 (or up to 25% of compensation) to a worker’s SEP account and deduct the contributions. Contact us at (308) 754-4557 for details about this and other retirement plan options.

Did you receive an IRS audit notice but believe you did nothing wrong? Some audits are random, and some can be resolved ...
12/22/2025

Did you receive an IRS audit notice but believe you did nothing wrong? Some audits are random, and some can be resolved by mail. Others are triggered by red flags that may put the IRS spotlight on your tax return. Keeping up with ever-evolving tax laws can be challenging, but one common red flag that may draw attention is a sudden, unexplained spike or drop in your reported income from one year to the next. While legitimate income changes do happen, it’s important to be prepared to justify them. Contact us for help with this matter at (308) 754-4557.

Does your business provide relocation benefits for employees? Under current tax law, employers can deduct payments to em...
12/19/2025

Does your business provide relocation benefits for employees? Under current tax law, employers can deduct payments to employees for relocation costs, such as moving services, storage expenses and transportation. But these amounts are generally taxable to employees, except for active-duty military personnel. That means employers are required to include relocation benefits in the employee’s gross income and withhold and pay applicable payroll taxes on the payments. 2025 legislation made this tax law provision permanent, but it added another exception for “intelligence community members” that starts in 2026. Contact us if you have questions.

The chart of accounts is the foundation of a company’s bookkeeping. It organizes every dollar that comes in or goes out....
12/17/2025

The chart of accounts is the foundation of a company’s bookkeeping. It organizes every dollar that comes in or goes out. But if your chart is cluttered, inconsistent or poorly structured, your financial reports will be, too. Clear account groupings, consistent labels and alignment with your reporting goals are essential for meaningful financial insights. Contact us at (308) 754-4557 to help design a chart of accounts tailored to your business. We’ll make it detailed enough to guide decision-making, but simple enough to stay manageable.

Businesses involved in some clean energy projects and products are hurt by the One Big Beautiful Bill Act. That’s becaus...
12/16/2025

Businesses involved in some clean energy projects and products are hurt by the One Big Beautiful Bill Act. That’s because it accelerates the phaseout of certain tax credits and adds new restrictions to tax breaks related to solar, wind, and hydrogen power and electric vehicle charging stations. The dates that clean energy tax breaks end vary. Some may be available until 2026 or 2027. Contact us at (308) 754-4557 if you have questions about your situation. The date that projects begin construction is critical.

Running a business is challenging. Managing the finances of your business doesn’t have to be. From bookkeeping and accou...
12/15/2025

Running a business is challenging. Managing the finances of your business doesn’t have to be. From bookkeeping and accounting to tax planning and business advisory, we provide comprehensive services designed to keep your business on track and winning. Let us handle the numbers so you can focus on what matters most: operating a profitable business. Contact us at (308) 754-4557.

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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