K&M Financial Service LLC

📊 *Taxes & You: What Every Real Estate Professional Should Know*

Join NAREB Mobile for our upcoming General Membership Zoom Meeting featuring our special guest presenter, Dr. Shanavia Powe, Owner of K & M Financial Service.

This session is designed for real estate professionals, 1099 earners, and self-employed individuals who want to stay informed, organized, and prepared this tax season.

🗓 Thursday, January 22, 2026
⏰ 6:00 PM | Zoom

👉 Register today: https://us06web.zoom.us/meeting/register/0Lhvv_J1QGKmO24lCivOoA

Don’t let taxes catch you off guard—get the knowledge you need.

With all the talk about tax prep scams and fraud allow me to reintroduce myself.

Dr. Shanavia Powe is a distinguished financial services professional and the founder of K&M Financial Services LLC, where she has successfully leveraged 13 years of experience in tax preparation and bookkeeping services. With a strong academic background, Shanavia recently earned her Doctorate in Business Administration from Trident University International, December 2024. She previously earned a Master of Business Administration in Executive Management from the Walt Strayer University Jack Welch Institute in March 2020, and a Bachelor of Science in Business Administration from the University of Mobile in May 2015.

Shanavia's commitment to excellence in the financial sector is underscored by her certification as a Certified Fraud Examiner (CFE) from the Association of Certified Fraud Examiners, obtained in February 2019. Her extensive expertise encompasses strategic planning, executive communication, project management, and financial compliance, with a notable emphasis on risk management and regulatory adherence within the banking industry.

Throughout her career, Shanavia has demonstrated exceptional leadership skills and an ability to build strong relationships with diverse stakeholders. She adept problem-solving and analytical reasoning, combined with a strong customer support orientation, have enabled her to manage increasing levels of responsibility and elevate organizational performance.

Adept in technology, Shanavia is proficient in Microsoft Office Suite and various office automation software, underscoring her capacity to modernize operations and enhance internal processes. Her dedication to workforce development is evident in her commitment to training and supporting colleagues to foster a positive and productive work environment.

With a reputation for strategic vision and a meticulous approach to financial management, Shanavia is poised to continue making impactful contributions to the financial services landscape while fostering an ethos of ethics and compliance in every endeavor. Throughout her journey, she remains committed to upholding the highest standards of integrity and service in the ever-evolving financial sector.

As tax season approaches, we are here to sit down and discuss the upcoming tax changes for the 2026 tax year. Here are some of the main tax updates to be aware of:

For Individuals

✔️Qualified Tips: You can deduct up to $25,000 in qualified tips received in eligible occupations.

✔️Overtime Pay: You can deduct qualified overtime compensation that exceeds your regular rate of pay, up to $12,500 (or $25,000 for married couples filing jointly).

✔️Car Loan Interest: You can deduct up to $10,000 in interest paid on a loan for a new, U.S.-assembled personal vehicle.

✔️Seniors (Age 65+): Eligible individuals age 65 and older can claim an additional deduction of $6,000 ($12,000 for qualifying married couples).

✔️Child Tax Credit (CTC): The maximum credit increases to $2,200 per qualifying child, with up to $1,700 being a refundable credit (the Additional Child Tax Credit).

For Business

✔️Information Reporting Thresholds: The reporting thresholds for third-party payment networks (Form 1099-K) increased to $20,000 and more than 200 transactions, easing requirements for some gig economy workers and online sellers.

✔️100% Bonus Depreciation: The provision allowing businesses to deduct 100% of the cost of eligible new and used equipment placed in service is now permanent.

✔️Qualified Business Income (QBI) Deduction (Section 199A): This 20% deduction for eligible owners of pass-through entities is made permanent.

Additionally, please remember that estimated taxes for the 4th quarter are due by January 15, 2026.

Call today to schedule your appointment and stay ahead of the tax season!

The deadline for filing beneficial ownership forms for registered businesses is approaching. Note the following dates:

✔️Companies created before January 1, 2024: The deadline to file is January 13, 2025.

✔️Companies created between September 4, 2024 and December 23, 2024: The deadline to file is January 13, 2025.

✔️Companies created between December 3, 2024 and December 23, 2024: The deadline to file is 21 days after the original filing deadline.

✔️Companies created on or after January 1, 2025: The deadline to file is 30 days after the company was created or registered.

Who needs to file a BOI report?

✔️Companies that create or have created a corporation, limited liability company (LLC), or other similar entity

✔️Companies with 20 or fewer employees

✔️Companies that did not file a federal income tax return reflecting more than $5 million in gross sales or receipts in the previous year

Call us today for assistance 251-533-4196 or 251-229-9442.