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

Is a Donor-Advised Fund Right for You?

Donor-advised funds are a popular way to support eligible nonprofits while benefiting from charitable tax deductions. With a DAF, you can generally claim a deduction when you contribute to it and recommend grants to charities over time, often in a later tax year. This flexibility has contributed to the growth of DAFs in recent years…. 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

Nonprofit Organizations: The Various Flavors

When you apply at the IRS to become eligible as a nonprofit that doesn’t need to pay taxes, there are several important aspects to keep in mind. Although most types of nonprofits are not necessarily required to pay taxes, there are many exceptions, and it ultimately depends on the specific circumstances involved and on your… View Article Read Entire Article

Understanding the Tax Consequences of Canceled Debt

When you borrow money and are legally obligated to repay it, you have a debt. If a creditor later forgives that debt or agrees to accept less than the full amount owed, the unpaid balance is generally regarded as canceled debt. Cancellation can occur for various reasons, such as when a creditor formally forgives a… View Article Read Entire Article

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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Trust Taxation: Considerations for Grantors and Beneficiaries

Learn how trust taxation rules affect grantors, beneficiaries and estate planning strategies for revocable and irrevocable trusts.

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Getting a Tax Refund and Avoiding a Scam

Learn how to respond to tax refund notices, update direct deposit information, and avoid common IRS refund scams.

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