The IRS raised the standard mileage rates for the second half of 2026, effective July 1, with the business rate increasing from 72.5 cents to 76 cents per mile. Taxpayers

The IRS is replacing its First Time Abate program with a new Automatic Exemption from Penalty (AEP), which will automatically prevent certain penalties for eligible taxpayers with a strong compliance

As home values rise, the federal home sale exclusion may no longer be enough to eliminate capital gains tax when a property is sold or inherited. The difference between a

Most business owners rely on backward-looking financials that tell them where they have been, not where they are going. A cash flow forecast fills that gap by projecting future inflows

If your business sells online, has remote employees, or uses third-party fulfillment, you may owe taxes in states where you’ve never filed a return. Learn how physical presence and economic

Your first profitable year in business is worth celebrating. But it can also bring expensive tax surprises, especially if you’re still managing the business like you did when revenue was

A recent federal court decision, Kwong v. United States, has created a potential refund and abatement opportunity for taxpayers who were assessed IRS penalties or interest on federal tax obligations

Your aging AR report isn’t just a list of late invoices. It’s an early warning system that reveals two very different cash flow problems: a system-wide slowdown in collections or

Most business owners assume buyer scrutiny begins when due diligence starts. It doesn’t. The decisions you’re making right now, years before a sale, are already shaping the price a buyer

Financial scams are more sophisticated than ever, and the people most at risk are often the ones least likely to see it coming. A few simple safeguards could be the