Recent News

07/16/2026

IRS Increases Standard Federal Mileage rates for the Second Half of 2026

What You Need to Know and Do The new rate of 76 cents per mile is effective for all business miles driven for the period from July 1 – December 31, 2026. Miles driven during the first half of the year (January 1 – June 30, 2026) are subject to the original rate of 72.5 cents per mile. If your organization uses the IRS rate to calculate mileage reimbursement for business use of a personal vehicle, please update your systems and reimbursement policies to account for this change. Other Rates The IRS also updated the standard mileage rate for medical...

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05/07/2019

How entrepreneurs must treat expenses on their tax returns

Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for rent, utilities, marketing and more. Entrepreneurs are often unaware that many expenses incurred by start-ups can’t be deducted right away. You should be aware that the way you handle some of your initial expenses can make a large difference in your tax bill. Key points on how expenses are handled...

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03/25/2019

2019 Q2 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. April 1 File with the IRS if you’re an employer that will electronically file 2018 Form 1097, Form 1098, Form 1099 (other than those with an earlier deadline) and/or Form W-2G. If your employees receive tips and you file electronically, file Form 8027. If...

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