Accounting News

IRS raises the standard mileage rates for the second half of 2026

09/2/2026

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 […]

Accounting News

IRS introduces automatic penalty relief for taxpayers with a strong compliance history

08/26/2026

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 […]

Accounting News

IRS provides gift tax safe harbor for Trump account contributions

08/19/2026

The IRS just made it easier for families to fund Trump accounts without triggering an unexpected gift tax filing requirement. In Revenue Procedure 2026-25, the IRS established a safe harbor […]

Accounting News

Why homeowners need to track improvements before a sale or inheritance

08/13/2026

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 […]

Accounting News

Cash flow forecasting as a leadership tool

08/11/2026

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 […]

Accounting News

Tax mistakes new business owners make in their first profitable year

08/5/2026

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 […]

Accounting News

State tax nexus in 2026: what business owners need to know about unexpected tax obligations

07/29/2026

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 […]

Accounting News

AI Spend and the R&D Credit: What Qualifies and When

07/29/2026

Does your AI spend qualify for the R&D tax credit? Learn which costs count, how to classify them, and what documentation strengthens your position. […]

Accounting News

Transfer pricing and related entities: what business owners need to know

07/21/2026

If you own or control more than one business entity, you likely move money, goods, or services between them on a regular basis. Maybe your holding company charges a management […]

Accounting News

When and why every business owner needs a business valuation

07/15/2026

Most business owners have a rough number in their heads of what they think the business is worth. That number is usually based on some combination of what a competitor […]

Accounting News

When a Rental Loss Isn’t a Tax Deduction: Passive Activity Rules and the Real Estate Professional Exception

07/10/2026

Authored by Aprio One may think that a loss generated by rental real estate will offset other income, but for most real estate investors that is not the case. Whether […]

Accounting News

Hiring family members in your small business: tax advantages and mistakes to avoid

07/7/2026

You may already know that hiring a family member in your small business can create tax advantages. In the right situation, the arrangement can support a business deduction, shift income […]