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 that applies to the deduction for charitable contributions… View Article Read Entire Article
Understanding the Difference Between Employees and Contractors
Many employers hope for a single factor or an easy checklist to help them decide whether a worker is an employee or an independent contractor. The reality is more complicated. At the federal level, the IRS evaluates whether the business has the right to direct and control how the worker performs services, even if that… View Article Read Entire Article
Trying to Search in QuickBooks Online
You can easily find answers to just about any topic by searching on the Internet. But when it comes to searching for details in QuickBooks Online, it may take more than a few simple clicks. Following are some tips to learn the easiest way to locate what you need. QuickBooks Online When using the Search… View Article Read Entire Article
Worried About an Upcoming Financial Statement Audit?
A third party may require a successful and growing small business to have any audit. What they really want is assurance that the financial statements provided by your business are reasonably accurate and free of any major oversight or material errors. This assurance generally comes in the form of audited financial statements. What You Need… View Article Read Entire Article
How Small Businesses Can Prepare for Cyberattacks
There are measures that can and must be taken to strengthen your small business's cybersecurity. Implementing multifactor authentication on all accounts, enforcing strong passwords, automating software updates and regularly backing up sensitive data are a few of the steps necessary to prioritize your company's protection.
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Making It Crystal Clear: Why Pay Transparency Matters
The idea of a fair day's wage for a fair day's work is not a new concept. However, pay transparency, or the practice of companies disclosing their employee pay structure, is relatively newer. In 2018, California was the first state to enact pay transparency legislation, with other states following suit.
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Never Mind April 15: It’s Tax Time Now!
It’s halfway through the year, and the IRS advises it's a great time for taxpayers to do a quick check to make sure they’re on a smooth track to next filing season. Read their tips here.
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How Nonprofits Should Handle Tax Form 990
The nonprofit tax form 990 can be difficult to understand, but with the help of a certified accountant like Siepert & Co., LLC, your tax season can run smoothly.
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12 Things to Do If You Suspect Internal Fraud
It's hard to go against the instinct to protect someone you trust when you suspect they are participating in internal fraud. But Siepert & Co., LLC reminds you why looking out your company's future success is more important.
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