Welcome to LSS Financial Group LLC
Empowering your future
Providing personalized services enabling you to make informed financial decisions and reach your goals
Welcome to LSS Financial Group Tax Office, powered by L Tax & Accounting Services, where we pride ourselves on offering top-notch, convenient services to meet your tax needs. Here are some of the standout features that make us your ideal choice:
Our Technology
We offer professional guidance to businesses of every scale
- Access your tax returns online from any location, anytime. Your documents are always just a click away.
- Sign documents electronically—no printing or mailing needed—saving time and helping the environment.
- Experienced professionals prepare accurate and prompt tax returns to help speed up your refund
- Receive personalized support and guidance throughout the process.
- We ensure you claim all eligible deductions and credits for maximum refunds.
- Available year-round for all your tax needs, including amendments and planning.
- Your data is protected with secure, confidential systems.
Empowering Your Business with Clarity, Compliance, and Confidence
At LSS Financial Group, we provide bilingual, personalized accounting and business solutions designed to help individuals, entrepreneurs, and small businesses thrive. Whether you're launching a new venture or managing day-to-day operations, our services are built to support your growth with accuracy, transparency, and care.
Accounting Services
We simplify the numbers so you can focus on what matters most—your business and your community.
Bookkeeping & Financial Reporting
Organized, up-to-date records that give you a clear view of your financial health.
Tax Preparation & Filing
Accurate, timely filing for individuals, partnerships, and corporations, with bilingual support and compliance education.
Payroll Services
Hassle-free payroll processing, including direct deposit, tax withholdings, and employee documentation.
Real Accounting Services For You
Sales & Use Tax Compliance
Guidance and filing support to ensure your business meets local and state tax obligations.
QuickBooks Setup & Training
Customized setup and bilingual training to help you manage your finances with confidence.
Operating Agreements
Clear, customized documents that define your business structure and protect your interests.
Business Registration & Entity Formation
LLCs, corporations, partnerships—we guide you through the process and handle the paperwork.
EIN & State Licensing Assistance
Fast, accurate support to obtain your Employer Identification Number and required state licenses.
Annual Reports & Renewals
Stay compliant with timely filings and reminders for state-mandated reports and renewals.
Choose Your Plan
Affordable Financial Stability for Your Peace of Mind
Accounting Packages.
Basic Package
$75
Monthly
This package provides essential financial services tailored for entrepreneurs and small businesses, ensuring streamlined operations and strategic growth.
Basic financial statements (Profit & Loss, Balance Sheet)
Monthly transaction categorization and entry
Expense tracking and organization
Email support for bookkeeping questions
Standard Package
$100
Monthly
Designed for businesses ready to scale, this plan adds deeper financial insights and quarterly reviews to support smarter decisions.
All Essential Plan services
Monthly bank and credit card reconciliation
Quarterly financial reviews and performance insights
Support for tax filing and deduction tracking
Premium Package
Custom Pricing
Your all-in-one financial management solution, including payroll and advanced compliance support—tailored to your business structure.
Full-service bookkeeping and reconciliation
Payroll processing and reporting
IRS/state compliance tracking
Dedicated advisor support and consultations
LLC Formation + EIN Application
Corporation Formation + EIN Application
2026 Tax Highlights Under the One, Big, Beautiful Bill (OBBB)
The following updates apply to tax returns filed in 2027 and reflect key adjustments introduced by the OBBB legislation.
📌 Standard Deduction Increases
For tax year 2026:
Single or Married Filing Separately: $16,100
Married Filing Jointly or Surviving Spouse: $32,200
Head of Household: $24,150
(2025 comparison: $15,750 / $31,500 / $23,625)
Filing Status. TY 2025 Deduction TY 2026 Deduction
Single / Married Filing Separately $15,750 $16,100
Married Filing Jointly / Surviving Spouse $31,500 $32,200
Head of Household $23,625 $24,150
📊 Marginal Tax Rates for 2026
The top rate remains 37% for high-income earners. Other brackets for single filers:
10%: Up to $12,400
12%: $12,401 – $50,400
22%: $50,401 – $105,700
24%: $105,701 – $201,775
32%: $201,776 – $256,225
35%: $256,226 – $640,600
37%: Over $640,600
(Thresholds for married couples filing jointly are doubled.)
🧮 Alternative Minimum Tax (AMT)
Single Filers: $90,100 exemption (phases out at $500,000)
Married Filing Jointly: $140,200 exemption (phases out at $1,000,000)
🏡 Estate Tax Exclusion
Basic Exclusion Amount: $15,000,000 for estates of decedents in 2026 (Up from $13,990,000 in 2025)
👶 Adoption Credit
Maximum Credit: $17,670
Refundable Portion: Up to $5,120 (2025 maximum was $17,280)
🧸 Employer-Provided Childcare Credit
Maximum Credit: $500,000
Eligible Small Businesses: Up to $600,000 (Previously capped at $150,000)
For additional updates indexed for inflation—such as Earned Income Tax Credit, transportation benefits, and flexible spending limits—refer to the IRS’s official inflation adjustment release for tax year 2026, which incorporates changes from the OBBB.
Summary of Key Tax Changes Under the One Big Beautiful Bill (OBBBA)
The One Big Beautiful Bill introduces major tax updates beginning in 2025, offering higher standard deductions, expanded tax brackets, and new opportunities for workers to save through deductions on tips, overtime, car loan interest for U.S.-assembled vehicles, and an additional deduction for seniors. Families benefit from an increased adoption credit and the introduction of Trump Accounts, which provide a $1,000 federal contribution for eligible children. More taxpayers will also qualify for Health Savings Accounts thanks to expanded plan eligibility. Higher estate tax and AMT thresholds mean fewer households will be affected, while businesses see changes to clean energy credits and new incentives for rural and agricultural investment. To prepare, taxpayers should organize their documents early, keep records of tips and overtime, save car loan interest statements, and review their health coverage. LSS Financial Group LLC is here to guide you through every change and help you maximize your benefits. Call 305‑509‑5737 to schedule your tax review.
Key Tax Updates for Individuals
Standard Deduction Adjustments
2026: Married filing jointly $32,200 • Single/MFS $16,100 • Head of household $24,150
2025: Married filing jointly $31,500 • Single/MFS $15,750 • Head of household $23,625
Updated Tax Brackets for 2026
37% • 35% • 32% • 24% • 22% • 12% • 10% (Income thresholds adjusted for inflation)
Alternative Minimum Tax (AMT)
$90,100 exemption for single filers
$140,200 exemption for married filing jointly
Estate Tax Exclusion
Increased to $15,000,000 for 2026 decedents
Adoption Credit
Maximum credit: $17,670
Up to $5,120 may be refundable
Employer‑Provided Childcare Credit
Maximum credit increases to $500,000
Up to $600,000 for eligible small businesses
New Worker‑Focused Deductions
Tip Income Deduction
Deduct up to $25,000 in qualified tips
Applies to occupations that customarily receive tips
Overtime Pay Deduction
Deduct up to $12,500 (single) or $25,000 (joint)
Applies to the “half‑time” portion of overtime pay
Car Loan Interest Deduction
Deduct up to $10,000 of interest on qualified U.S.‑assembled vehicles
Senior Bonus Deduction
Additional $6,000 deduction for taxpayers age 65+
Health‑Related Enhancements
Telehealth allowed before meeting deductible
Bronze & catastrophic plans become HSA‑compatible
Direct Primary Care (DPC) arrangements eligible for HSA use
Family & Dependent Benefits
Trump Accounts
$1,000 federal contribution for eligible children
Annual contributions up to $5,000
Employer contributions up to $2,500 tax‑free
Business & Investment Provisions
Transition relief for vehicle loan interest reporting
ERC limitations for late‑filed 2021 claims
Rural Opportunity Zone incentives
Agricultural & rural lending tax benefits
Clean Energy & Environmental Changes
Clean vehicle credits end after Sept. 30, 2025
Home energy credits end after Dec. 31, 2025
Updated carbon capture credit guidance
Other Federal Tax Changes
New dyed fuel excise tax refund process
1% excise tax on certain remittance transfers (starting 2026)
Where to Learn More
Visit the IRS One Big Beautiful Bill resource center for official updates, fact sheets, notices, and FAQs. For personalized guidance, contact LSS Financial Group LLC at 305‑509‑5737.
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LSS FINANCIAL GROUP LLC POWERED BY LOAN FACTORY
Contact: 305-509-5737
Fax: 786-232-4122
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