Standard Mileage Rates Beginning July 1, 2026
Beginning in July, the standard mileage rates are: 76 cents per mile for business use of a vehicle (up from 72.5 cents) 23.5 cents per mile for medical and qualified…
Mid-Year Check-in for Businesses
Mid-Year Bookkeeping Clean-up Summer is the perfect time to clean up your books. Tidy up messy records, reconcile neglected accounts, and set yourself up to enjoy the holidays instead of…
Mid-Year Check-in for Individual Taxpayers
IRS Expands Online Tax Debt Help Tools The IRS has expanded its online tools for taxpayers who owe federal tax debt, making it easier to request payment plans and installment…
The 5 Most Important Decisions to Make When Starting Your Business
Have a Business Plan Business plans are used for financing. They provide a yardstick against which future performance will be measured. They provide a framework for decision making and coordination…
Trump Accounts give the next generation a jump start on saving
The Working Families Tax Cuts allows parents, guardians and other authorized individuals to establish a new type of individual retirement account for their children, called Trump Accounts. The account is…
It’s not too early to get ready for the 2026 tax season
IR-2025-116, Nov. 26, 2025 WASHINGTON — The Internal Revenue Service encourages taxpayers to take steps now to prepare for the upcoming filing season by visiting IRS.gov/GetReady for tips on what is new…
Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025
IR-2025-114, Nov. 21, 2025 WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued guidance for workers eligible to claim the deduction for tips and for overtime compensation…