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The IRS has increased the mileage rate mid-year to keep up with increasing gas prices. Effective July 1, 2026 both the business and the medical/moving mileage rates are increasing.

Gentle Readers,
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This is likely my shortest missive of all time. Don’t dismay: if I survive the April tax deadline (and I always do), I’ll be back with long and windy articles with breathtaking insights and commentary. However, today my message is short and sweet.

You must return the signed Form 8879 before your tax preparer can file your return!! 
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​As we quickly approach 1099 filing season, it’s time to ask an important question: is your business ready to file?
 
For many small businesses, independent contractors, and professional firms, the most common information returns filed are Form 1099-NEC and Form 1099-MISC. Understanding which form to use, and when, can help you avoid costly mistakes and IRS penalties.

Lena Tassi, CPA, MSA •

​The One Big Beautiful Bill Act (OBBBA), signed in July 2025, changed the deductibility of charitable giving for individual and business taxpayers beginning after December 31, 2025. Here is a quick overview of the changes and how they may impact you.