The IRS has made a midyear increase in the standard mileage rate for business vehicle use, including for cars, SUVs, vans, pickup trucks and panel trucks. These … [Read more...]
Non-profit Organization Outlook for 2026: CPA Firm Insights & Action Steps
July 29, 2026 by Meranda Wacek
As 2026 approached, non-profit organizations face a rapidly changing environment. Economic volatility, evolving donor expectations, technological advancement, … [Read more...]
How and what you donate impacts your tax deductions
July 21, 2026 by Mitch Hjelle
SUMMARY Donation type, amount, and how it’s given affect your tax deduction. New rule: Only donations exceeding 0.5% of your AGI are deductible if you … [Read more...]
The new-and-improved credit for employer-provided child care
July 20, 2026 by Mitchell Erickson
SUMMARY Key Enhancements (Starting 2026) Credit rate increased: 40% of qualified child care facility expenditures 10% of qualified resource and … [Read more...]
IRS issues guidance on QOZ program changes
July 17, 2026 by Jeff Rislov
The Qualified Opportunity Zone (QOZ) program provides tax incentives to invest in designated low-income communities across the United States. Tax law changes … [Read more...]
Business and other mileage rates increase for the second half of 2026
July 16, 2026 by Tonya Raths
SUMMARY The IRS raised mileage rates midyear due to higher fuel costs. The change affects you only if you use the standard mileage rate (not the actual-expense … [Read more...]
What do our managers need to know about the Family and Medical Leave Act (FMLA)?
July 15, 2026 by Nicholle Peterson
Answered by the HR Experts Your managers have two basic responsibilities under FMLA: notifying HR when any employee might be missing work for an … [Read more...]
Before you spend lottery, gambling or other winnings, understand the tax rules
July 14, 2026 by David Corneil
It’s easy to focus on the excitement of a big win. But federal tax law generally treats lottery prizes, gambling winnings and other awards as taxable income. … [Read more...]
FAQs about resolving small business tax issues
July 13, 2026 by Mitchell Erickson
SUMMARY What to Do If You Receive a Tax Notice Don’t ignore tax notices—review and respond promptly to avoid penalties. Notices may be about balances … [Read more...]
Ask your audit committee to oversee fraud prevention
July 13, 2026 by Kari Steinbeisser
Fraud prevention starts at the top — with the board of directors. In fact, an engaged audit committee (or other oversight team, such as an advisory board) can … [Read more...]
