IRS Publishes Cybersecurity Advice

Everyone can play a role in protecting personal, financial and tax information from identity thieves and scammers, according to the IRS. For taxpayers, tax professionals and organizations across the tax community, that starts with everyday actions that help strengthen online security. “Criminals continue to look for new ways to steal taxpayer information and exploit trusted… View Article Read Entire Article

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

QuickBooks: How to Set Up Customers and Vendors

The following steps will help you customize QuickBooks to best serve your particular business. First, you will have to define the type of business you own. Is it a service business, such as architecture, law, or medicine? Do you sell products, such as a retail or wholesale business?  Do you have a combination of both,… View Article Read Entire Article

Is an S Corporation Election Right for Your Business?

An S corporation is a tax election that changes how your business’s profits are treated. Instead of paying self-employment tax on your net income, you pay yourself a salary through payroll and take the remaining profit as distributions. While the salary is subject to payroll taxes, the distributions are not subject to Social Security and… View Article Read Entire Article

Newsflash: Enhancements to the Paid Family and Medical Leave Tax Credit

Here’s an overview of the employer credit for Paid Family and Medical Leave, including the recent changes.  What is the employer credit for PFML? Employers who meet the requirements can claim a general business tax credit from 12.5% to 25% of wages paid to qualifying employees for up to 12 weeks of family and medical… View Article Read Entire Article

What to Know About Payroll: Have a Look for National Payroll Week

National Payroll Week runs this year from September 7-11. As PayrollOrg has said, it’s a chance to celebrate America’s employees and the payroll professionals who pay them. A long history There are a lot of fun facts about payroll we bet you didn’t know. Here are a few of them: The concept of payroll goes… View Article Read Entire Article

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