Walling’s Accounting & Tax Service

Walling’s Accounting & Tax Service Please contact us for all of your accounting & tax needs. We look forward to helping you!

03/14/2026

NEWS YOU CAN USE!

If you have student loan debt with higher interest rates, check out SoFi.com for a possible refinance of your loans!

Refinance rates

4.24% - 9.99% Fixed APR with autopay**
6.49% - 10.49% Variable APR with autopay**

03/02/2026

ON THIS EDITION OF "NEWS YOU CAN USE"

ESTATE TAX EXCLUSION INCREASED TO $15 MILLION.

ANNUAL GIFT EXCLUSION IS $19,000 PER RECIPIENT PER YEAR.

02/22/2026

NEWS YOU CAN USE................

STATE INCOME TAX REFUNDS!

2025 return processing is taking longer than usual because South Carolina currently does not conform to the federal One Big Beautiful Bill Act (OBBBA).

You can log in to your MyDORWAY account to check your return status.

If you do not have a MyDORWAY account, you can go to www.dor.sc.gov/refund. You will need your social security number and the amount of your refund. Once you are online, click on "Where's My Refund," input the requested information, and press "Search."

Need help? Call: 1-844-898-8542

02/11/2026

On this edition of "News You Can Use....."

Tax Law Change for 2026 (no, not for the 25 returns you are filing now):

Non-itemizers can now deduct up to $1,000 (single or $2,000 married filing jointly) in charitable contributions, even if you don't itemize! PLEASE NOTE: THIS DOES NOT INCLUDE NON-CASH CONTRIBUTIONS! So get those receipts for your donations!

02/03/2026

MORE NEWS YOU CAN USE:

Old rule: You had to issue a 1099-NEC or 1099-MISC if you paid a non-employee $600 or more in a year. New under HR-1/OBBBA: These thresholds will increase from $600 to $2,000, starting with payments made after December 31, 2025 (i.e., tax year 2026)

01/18/2026

NEWS YOU CAN USE:

To help avoid identity theft, consider freezing your credit with the 3 major credit bureaus:
Equifax
Experion
TransUnion

It's easy to do and only takes a few minutes. And it's FREE!

12/30/2025

Standard Mileage Rates 01.01.26

Business Rate $.725 per mile
Charitable Rate $.14 per mile
Medical & Moving Rate $.205 per mile

06/10/2025

2nd quarter individual income tax payments are due June 16th!

04/07/2025

Walling's Accounting - Upcoming Deadlines:

Monthly payroll tax deposits 4/15
Monthly sales tax returns 4/21
Quarterly sales tax returns 4/21
Some business licenses 4/30
Quarterly payroll tax reports 5/1
PT 100s 5/1
Individual, partnership, s-corporation tax returns 5/1
1st quarterly estimated income tax payment 5/1

04/02/2025

I have been keeping a secret and it’s not a joke:

SC residents we have until May 1, 2025 to file and pay our taxes! This includes estimated income tax payments.

01/30/2025

ATTENTION: WALLING'S ACCOUNTING CLIENTS!

Every year, 1099 Forms are due January 31st. However, every year I feel like I have to beg for information. Please keep up with this task during the year to make January an easier month for all of us! Staying compliant during the year makes things so much better! Get those W-9s from vendors who provide a service for your company! Update in Quickbooks also!

01/30/2025

ATTENTION CLIENTS:

Income tax organizers are being mailed today!

Address

2201 Azalea Patch Road
Ruffin, SC
29475

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm

Telephone

+18435388786

Website

Alerts

Be the first to know and let us send you an email when Walling’s Accounting & Tax Service posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Practice

Send a message to Walling’s Accounting & Tax Service:

Shortcuts

Share

Share on Facebook Share on Twitter Share on LinkedIn
Share on Pinterest Share on Reddit Share via Email
Share on WhatsApp Share on Instagram Share on Telegram