Issue #31 - Your Health Is Non-Deductible
Wellness tips to keep you thriving and 2026 IRS updates
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Small Change, Big Results
What would you do if your doctor looked you in the eye and said, “Change, or you’ll need medication”?
Nick Sinclair was there.
You might think a man running a 9-figure accounting talent solutions business, serving clients worldwide, leading a thriving team, had it all together, but behind the scenes, his health was crumbling.
“For many years, I’d use the excuse that business and family were my focus. The actual losing weight is not the hard part. It was the decision that, you know what, you need to stop making excuses and do something about it.” - Nick Sinclair.
The numbers and business were growing, but so was the quiet risk to his health.
That doctor’s warning was a line in the sand, and Nick realized that if he didn’t make himself a priority, everything else he’d built could come crashing down.
So he made deliberate changes.
A walk, healthier meals, better sleeping habits, and over ten months later, those micro-decisions compounded into a massive result: 40 kilograms gone, and an entirely new outlook on life.
As an accountant, it is easy to bury yourself in the work, serve your clients, chase perfection, and put your well-being dead last, but Nick’s story is a wake-up call. If you don’t invest in your health, you will pay the price.
One small change. That’s all it takes to start. You don’t need to change your whole life today. But you do need to choose something.
If you burn out and break down, who will carry on everything you’ve worked so hard to build?
Think about it.
Community 🫶
Introducing Ovata Collective
Remember when we discussed ADHD in the accounting industry 2 weeks ago?
Well, great news: Ovata Collective is here.
Spearheaded by Sabrina Parris, CPA, this community is dedicated to neurodivergent accountants who want to build sustainable, fulfilling practices without sacrificing their mental health or masking who they are. Ovata Collective is all about equipping accountants with tools, strategies, and a supportive peer network to navigate the unique challenges of running a practice while managing ADHD or other forms of neurodivergence.
This is something worth checking out.
Take flight with Alicia Katz Pollock's Gold PersonOWL Coaching membership
Alicia, recognized as one of America's Top 50 Women in Accounting, makes mastering the world’s most popular accounting software simple and precise. With this membership, you’ll receive a monthly one-hour private lesson, plus priority on-call support whenever you need it.
You’ll also gain access to an exclusive QBO members group, where you can ask questions and get fast answers. Also, because QuickBooks Online is always evolving, you’ll automatically be enrolled in all live webinars each month, covering both new topics and course updates, ensuring you stay confident and ahead of the curve.
H🔥t today
The IRS Says 2026 Tax Season is at Risk
In a recent article from the Journal of Accountancy, the IRS shared the forecast for the 2026 tax season, and it’s cloudy with a 100% chance of panic, which is traceable to job losses and funding cuts.
NTA Erin Collins said in the Fiscal Year 2026 Objectives Report to Congress that as of June, the IRS workforce had decreased by over 25% to fewer than 76,000 employees from the 102,000 employees at the agency at the start of the filing season.
The figure takes into account employees who accepted an early resignation offer but remain on the rolls through Sept. 30.
Collins recommends lifting the hiring freeze and providing direct hire authority in Taxpayer Services so that it can hire essential filing-season employees to meet taxpayer needs early in 2026.
“And if that happens, it is critical that the IRS hire them by the end of summer so it can onboard them, provide them with adequate training, and ensure they are prepared to assist taxpayers when the 2026 filing season begins in January. Especially in the short term, the number of total IRS employees is less important than the number of trained IRS employees,” Erin Collins said.
Who Wants to Be An Accounting Millionaire (EP 2) Just Dropped!
If you caught Episode 1 of Who Wants to Be an Accounting Millionaire, you know how intense things can get. Nick Boscia took on the challenge and walked away with $50, not bad, but far from the grand prize.
Now, Episode 2 is here, and it’s Kate Josephine Johnson’s turn to step into the spotlight. This week’s focus is all about the knowledge of the Big 4; those accounting powerhouses everyone in the industry knows: Deloitte, PwC, EY, and KPMG. Kate will have to draw on everything she knows about these firms if she wants to win the $1,000 prize.
Host, Drew Carrick, is also back in the quizmaster’s chair, ready to test Kate’s nerve, knowledge, and quick thinking. Will Kate keep her cool and come out on top, or will she join Nick in walking away with just a fraction of the prize?
If you love accounting, trivia, and the thrill of watching someone chase a dream, you don’t want to miss this.
P.S.: If you’d like to be a contestant on the show, fill the form here.
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Events
📍The 2025 Tax Retreat – July 18 & 19 (Denver)
Born from the vibrant #TaxTwitter community's desire to connect beyond the keyboard, this event returns for a third year to its original stomping grounds—Denver, CO. The Tax Retreat is the "Anti-Conference," where camaraderie reigns supreme, knowledge flows freely, and fun is non-negotiable.
Whether you're a seasoned pro or a fresh face in the tax world, The Tax Retreat promises an unforgettable experience where connections are made, laughter is abundant, and memories are cherished.
📍 NATP Taxposium 2025 – July 21-23 (Las Vegas)
The National Association of Tax Professionals (NATP) coordinates TAXPOSIUM. The conference educates tax professionals about industry hot topics, practice management strategies, and evolving technology. It also helps accountants connect with tax law experts and IRS representatives. This year’s event is your chance to refine your expertise, gain future-focused insights, and build a network of forward-thinking professionals ready to lead the way.
📍 Bridging The Gap Conference – July 22-24 (Denver)
Organized by Tri-Merit, Bridging the Gap is an annual accounting conference for accounting, tax, and finance firms. The event provides a blend of innovation, networking, and professional growth, bringing together leaders and experts from across the industry.
The theme for 2025 is “Expedition Innovation: Charting New Paths in People, Technology, and Practice,” and it promises to deliver inspiring keynotes, hands-on workshops, and unmatched networking opportunities
Noteworthy
How to Effectively Manage Your Client Disengagement
Tax season 2026 may not be too far away, and while many clients are gearing up for another year of collaboration, others may be stepping away. No matter why they have decided to move on, it’s important to close the loop professionally and proactively.
In this Workflow Live event, Lori Hawkins shared practical strategies for managing client disengagement with clarity, confidence, and care. Watch the recording to get her insights on how to handle offboarding conversations, document transitions, and protect your firm’s reputation along the way.
How CPAs Can Secure Financing For AI Projects
Staying competitive today means making smart use of artificial intelligence to drive innovation and get more done. Albert Caponi knows this firsthand. As a CPA leading the finance team at Scale AI, a nonprofit that has supported over $500 million in AI projects over the past six years, he’s seen just how much of a difference AI can make for businesses.
In a conversation with CPA Canada, Caponi shared that Scale AI's mission is to boost productivity and drive innovation in Canadian businesses through the adoption of artificial intelligence. It selects companies based on their readiness to adopt AI and their potential to deliver significant economic returns.
“To be eligible,” explains Caponi, “businesses must submit a detailed proposal—which Scale AI guides in the preparation—outlining the expected benefits of the AI project, such as increased revenue, reduced costs, or optimized processes. Once the project is approved by our expert scientific committee, we finance 30 to 40 per cent of eligible costs.
What Are Your Thoughts?
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Until Next Time,
