Aug 6, 2026 | Closely Held Business, Personal Financial Planning, Tax News
In Announcement 2026-11, the IRS has announced that starting July 1, 2026, the revised standard mileage rates are: (1) Business: 76 cents per mile (up from 72.5 cents per mile) (2) Medical and moving 23.5 cents per mile (up from 20.5 cents per mile) The mileage rate...
Jun 18, 2026 | Business Planning, Closely Held Business, Tax News
One of the worst things we can do as taxpayers is assume we know everything. There’s always more to learn, and as much as you might know about taxes, you may be missing out on key tax deductions just because you haven’t heard about them. Tax deductions to consider...
May 5, 2026 | Closely Held Business, Featured News and Events, Personal Financial Planning, Tax News
As reported by Accounting Today, many accounting firms are starting to see an increase in scams involving the CP53E notices that the Internal Revenue Service has been sending to taxpayers this year when they do not provide their direct deposit information. The notices...
Jan 29, 2026 | Business Planning, Closely Held Business, Personal Financial Planning, Tax News
Reposted from the IRS News release, January 27, 2026 news article. WASHINGTON — The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2026-02 PDF to help taxpayers, businesses, and other stakeholders understand the changes under Executive...
Oct 16, 2025 | Business Planning, Closely Held Business
A de minimis benefit is a small, infrequent perk provided by an employer, intended to be so minor that it would be impractical or unreasonable to consider it taxable income. Rather than allowing employers to decide what benefits are de minimis, the IRS has established...
Sep 23, 2025 | Business Planning, Closely Held Business, Tax News
Signed into law on July 4, the One Big Beautiful Bill Act significantly impacts how pass-through entities are taxed at the federal level. S corporations, partnerships, limited liability companies and sole proprietorships are the most common structures for small and...
