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.

With the standard deduction permanently doubled, far fewer taxpayers itemize deductions. That means many people won’t be...
11/18/2025

With the standard deduction permanently doubled, far fewer taxpayers itemize deductions. That means many people won’t be able to deduct their 2025 charitable gifts. But starting with cash donations made in 2026, nonitemizers can claim a deduction up to the applicable limit. However, itemizers will face a new adjusted gross income floor on their charitable deductions. If your giving typically exceeds these limits but not your standard deduction, bunching donations into alternating years may offer tax savings. Contact us at (308) 754-4557 to learn more. A proactive review now can help you plan wisely.

The One Big Beautiful Bill Act permanently increases the federal gift and estate tax exemption amount to $15 million ($3...
11/17/2025

The One Big Beautiful Bill Act permanently increases the federal gift and estate tax exemption amount to $15 million ($30 million for married couples) beginning in 2026. The amount will continue to be adjusted annually for inflation. The estate tax rate remains at 40%, and the generation-skipping transfer (GST) tax exemption will match the increased estate and gift tax exemption. If your estate exceeds, or is expected to exceed, the exemption amount, implement planning techniques today that can help you reduce or avoid gift and estate taxes in the future. Contact us at (308) 754-4557 for assistance.

Taxpayers involved in a dispute with the IRS may want to consider using one of the IRS’s alternative dispute resolution ...
11/14/2025

Taxpayers involved in a dispute with the IRS may want to consider using one of the IRS’s alternative dispute resolution (ADR) mediation programs. These programs can help taxpayers efficiently resolve tax issues with the IRS. Taxpayers for whom mediation can be a good option include those who don’t have many disputed issues or who’re seeking an early resolution to issues under audit. Mediation doesn’t replace the audit or collection processes. The IRS’s Independent Office of Appeals has five ADR programs: Fast Track Settlement, Fast Track Mediation Collection, Post Appeals Mediation, the Rapid Appeals Process and Early Referral. Call us at (308) 754-4557 for details if you have a tax dispute with the IRS.

The One Big Beautiful Bill Act (OBBBA) brings major tax savings and planning opportunities for many businesses. Here are...
11/12/2025

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.

Are you suffering from “retirement sprawl?” You might be if you’ve switched jobs several times and left 401(k) plan acco...
11/11/2025

Are you suffering from “retirement sprawl?” You might be if you’ve switched jobs several times and left 401(k) plan accounts behind. You may even have a few traditional or Roth IRAs out there. Over time, having many accounts can make managing and tracking retirement investments increasingly difficult. So it’s time to round up those accounts and consolidate them! Contact us at (308) 754-4557 for advice on avoiding negative tax consequences in the process.

A strong personal financial strategy isn’t just about numbers. It’s about peace of mind. We can help you achieve it with...
11/10/2025

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.

Investors willing to make long-term investments in economically distressed communities have a tax incentive for doing so...
11/07/2025

Investors willing to make long-term investments in economically distressed communities have a tax incentive for doing so: the Qualified Opportunity Zone (QOZ) program. It allows investors to defer the tax (and potentially ultimately reduce it) on recognized capital gains by reinvesting those gains in Qualified Opportunity Funds (QOFs) that, in turn, invest in QOZs. The IRS has issued guidance on two QOZ program-related provisions of the One Big Beautiful Bill Act: the definition of “rural area” and the application of the substantial improvement threshold for certain improvements to property in a QOZ located entirely in a rural area. Contact us at (308) 754-4557 for more information.

Tax penalties can feel like dragging a ball and chain. They may happen even when you’ve done your best to comply with ta...
11/05/2025

Tax penalties can feel like dragging a ball and chain. They may happen even when you’ve done your best to comply with tax law. Don’t panic. Penalty relief may be available. For example, if you suffered a serious illness, were a victim of a natural disaster, or relied on bad advice from the IRS, you may qualify for penalty abatement. A penalty may arise from actions such as filing late, making a late tax payment or missing a deposit. If you receive an IRS notice that you think is incorrect or unjust, you don’t have to tackle it alone. Contact us at (308) 754-4557 for help with this matter.

You may want to offer employees a retirement savings plan, but they can be expensive and complex. What’s a small busines...
11/04/2025

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.

Wage garnishment can be tough. It allows creditors to collect a debt by legally withholding a portion of an employee’s p...
11/03/2025

Wage garnishment can be tough. It allows creditors to collect a debt by legally withholding a portion of an employee’s paycheck, but it comes with limits and employee protections. Garnishments are often triggered by government debts such as child support, student loans, tax levies, or court judgments. Before withholding can begin, you must be notified of the order to withhold. Some portion of your wages must be exempt per state law. If you’re hit with a garnishment order you believe is incorrect or unfair, you have the right to challenge it. Contact us for help with this matter at (308) 754-4557.

Does your business incur research and experimentation (R&E) expenses? The One, Big, Beautiful Bill Act reinstates the im...
10/31/2025

Does your business incur research and experimentation (R&E) expenses? The One, Big, Beautiful Bill Act reinstates the immediate deduction for research activities conducted in the United States, beginning in 2025. Before the new law was enacted, R&E expenses had to be capitalized and amortized over five years, beginning on or after Jan. 1, 2022. What if you began to amortize R&E expenses in 2022, 2023 and/or 2024? You can deduct the remaining amount on your 2025 return or split it between your 2025 and 2026 returns, rather than continuing to amortize over what remains of the five-year period. Contact us at (308) 754-4557 with questions.

Conventional wisdom says your mortgage should retire before you do. If you pay it off, you’ll enjoy a lower cost of livi...
10/29/2025

Conventional wisdom says your mortgage should retire before you do. If you pay it off, you’ll enjoy a lower cost of living — not to mention the psychological boost of owning your home! But if mortgage interest provides an income tax advantage or you need to prioritize paying off other, high-interest debt, you may want to hold on to your mortgage. Contact us at (308) 754-4557. We can help you weigh the pros and cons.

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710 7th Street
Saint Paul, NE
68873

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

Telephone

+13087544557

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