Reporting & Tax Deadlines
IRS Makes Rare Midyear Change to Mileage Rates
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...
Nonprofit Budgeting Strategies
Boards and finance committees that treat the budget as a living document — rather than an annual ritual — tend to make better decisions under pressure. The focus should be not only on last year's numbers but also on the potential impact of a major donor's lapse, the...