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IRS Raises Mileage Rates Midyear: What You Need to Know
For the first time since 2022, the IRS is changing standard mileage rates in the middle of the tax year. If you track business, medical or moving miles, this matters. Starting July 1, 2026, the numbers go up, and your recordkeeping needs to get more precise.What Changed and WhyThe IRS bumped the business mileage rateā¦
Understanding the Exchange Ratio
With more than $57 trillion in mergers and acquisitions, according to the Institute for Mergers, Acquisitions & Alliances, understanding how the Exchange Ratio works is essential for businesses and investors to maximize these processes.The ratio assesses how many shares the company that's purchasing the takeover company must issue per share of the takeover business. Transactionsā¦
Travel Companions: How to Share Expenses
No matter how well you know someone, you usually learn a lot more once youāve traveled with them. We are all different in this activity, from people who prefer aisle seats over window seats, to Airbnb renters or hotel enthusiasts, to the outdoorsy versus museum aficionados.Friendship compatibility does not always translate to travel compatibility. Therefore,ā¦
Ready to Set Your Q4 Financial Goals?
Surprising as it may seem, Q4 is at your doorstep, knocking and asking for attention. Whatās more, itās that time of year when everything starts getting busy: kids go back to school, football starts, and then the holidays are just up ahead. During this time, you might also be hearing ācha-ching, cha-chingā as what liesā¦
The Death of the App: Why Your Business Will Sideline SaaS Dashboards
For two decades, enterprise software has been built around a simple assumption: people log into multiple applications to retrieve information, make decisions, and complete work. A CRM, a project tracker, a business intelligence dashboard, a support ticketing system, and more. All this is because these applications operate in isolation.There is a shift whose intention isā¦
Extending Daylight Hours, Protecting Cultural Livelihoods and Making Local Banking Easier
Sunshine Protection Act of 2025 (HR 139) ā The purpose of this legislation is to make daylight savings time (DST) permanent for most of the country. States and territories presently exempt from DST may choose the standard time for those areas. This latest version of the bill was introduced by Rep. Vern Buchanan (R-FL) onā¦
How to Account for Bolt-On Acquisitions
With over $4 trillion in merger and acquisition transactions happening in 2025, understanding the necessary accounting considerations is essential to see how tax professionals can navigate financial statements.Defining Bolt-On AcquisitionsThis process is often used by private equity companies and occurs when a bigger business acquires a smaller company, providing investors with synergistic performance. This happensā¦
Understanding Depreciation Recapture
This accounting and tax method refers to a treatment used by the Internal Revenue Service (IRS) to obtain tax remittances on sales of depreciated property. Understanding how it works is essential for filers to make the most of it.Required ConditionsAs property depreciates, its value declines. When depreciated assets are sold, it's able to be filedā¦
Supreme Court Will Decide What Homeowners Are Owed When Tax Sale Erases Equity
A county in Michigan was owed about $2,200 in back taxes. To collect it, the government took a home worth close to $200,000, auctioned it for a fraction of that, and called the matter settled. The family is now putting a simple question to the Supreme Court: when the state sells your house over aā¦
Tips for Early Retirement Planning
Retirement planning starts with retirement spending. Ideally, retirees are mortgage-free and relatively debt-free before they leave the working life behind. In retirement, a key strategy is to maintain low monthly staple expenses.Therefore, if you want to devise a financial plan that will allow you to retire early, consider cutting back your basic household expenses aā¦
IRS Raises Mileage Rates Midyear: What You Need to Know
For the first time since 2022, the IRS is changing standard mileage rates in the middle of the tax year. If you track business, medical or moving miles, this matters. Starting July 1, 2026, the numbers go up, and your recordkeeping needs to get more precise.What Changed and WhyThe IRS bumped the business mileage rateā¦
Supreme Court Will Decide What Homeowners Are Owed When Tax Sale Erases Equity
A county in Michigan was owed about $2,200 in back taxes. To collect it, the government took a home worth close to $200,000, auctioned it for a fraction of that, and called the matter settled. The family is now putting a simple question to the Supreme Court: when the state sells your house over aā¦
The IRS Could Owe You Money Thanks to a Pandemic-Era Court Ruling
Here's something that flew under the radar for most people: a court decision from late last year could put money back in your pocket if you got hit with IRS penalties during COVID. But you need to act fast! For some taxpayers, the deadline to file a claim is July 10. What This Case Isā¦
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Tax Considerations for Data Center Projects in the Age of AI
Artificial intelligence is driving an unprecedented surge in data center construction. Developers, private equity sponsors and their tax advisors are navigating a complicated web of questions that touch everything from ownership structure to site selection to power sourcing. Get the early decisions wrong and the tax consequences can follow a project for years.Why REITs Haveā¦
Filing Your 2026 Tax Return? The Stakes Just Got Higher
Picture two things happening at the same time. The agency responsible for reviewing your tax return is understaffed and buried under a backlog, and the software that the agency uses to catch filing errors just keeps getting better.That combination should give any taxpayer pause this season. Not because an audit is necessarily coming, but becauseā¦
Filing Your 2025 Taxes? Why Accuracy Matters More Than Ever This Year
Tax season is here, and while the IRS opened its doors for 2025 returns on Jan. 26, with the familiar April 15 deadline intact, this year's filing experience is shaping up to be anything but routine. A perfect storm of workforce cuts, rushed new tax breaks, and strained systems means that getting your return rightā¦
What to Expect from U.S. Tax Policy in 2026
After a whirlwind 2025 that produced what may be the largest tax bill in American history, the coming year looks dramatically different. Tax policy experts are predicting a legislative standstill, a turbulent tax filing season, and lingering questions about how new provisions will work when put into practice.A Year of Legislative GridlockThe forecast for 2026ā¦
What Families Need to Know About the New Trump Accounts
American parents now have access to a completely new savings tool designed to give children a financial foundation for the future. Established through The One Big Beautiful Bill Act, these accounts carry the name of the current president and come with a unique set of rules that the IRS has just begun to clarify.Who Canā¦
Seven Tax Moves to Make Before 2025 Ends - Year-End Tax Planning
Tax planning feels like homework nobody wants to do, but here's the reality: real money is sitting on the table. The One Big Beautiful Bill Act changed the rules this year, and most people are still figuring out what matters for their wallets.Max Out Everything While You CanHere's something many people miss. Every Dec. 31,ā¦
IRS Raises Mileage Rates Midyear: What You Need to Know
For the first time since 2022, the IRS is changing standard mileage rates in the middle of the tax year. If you track business, medical or moving miles, this matters. Starting July 1, 2026, the numbers go up, and your recordkeeping needs to get more precise.What Changed and WhyThe IRS bumped the business mileage rateā¦
Supreme Court Will Decide What Homeowners Are Owed When Tax Sale Erases Equity
A county in Michigan was owed about $2,200 in back taxes. To collect it, the government took a home worth close to $200,000, auctioned it for a fraction of that, and called the matter settled. The family is now putting a simple question to the Supreme Court: when the state sells your house over aā¦
The IRS Could Owe You Money Thanks to a Pandemic-Era Court Ruling
Here's something that flew under the radar for most people: a court decision from late last year could put money back in your pocket if you got hit with IRS penalties during COVID. But you need to act fast! For some taxpayers, the deadline to file a claim is July 10. What This Case Isā¦
Test Disclaimer
Tax Considerations for Data Center Projects in the Age of AI
Artificial intelligence is driving an unprecedented surge in data center construction. Developers, private equity sponsors and their tax advisors are navigating a complicated web of questions that touch everything from ownership structure to site selection to power sourcing. Get the early decisions wrong and the tax consequences can follow a project for years.Why REITs Haveā¦
August 2026
IRS Raises Mileage Rates Midyear: What You Need to Know
For the first time since 2022, the IRS is changing standard mileage rates in the middle of the tax year. If you track business, medical or moving miles, this matters. Starting July 1, 2026, the numbers go up, and your recordkeeping needs to get more precise.What Changed and WhyThe IRS bumped the business mileage rateā¦
Travel Companions: How to Share Expenses
No matter how well you know someone, you usually learn a lot more once youāve traveled with them. We are all different in this activity, from people who prefer aisle seats over window seats, to Airbnb renters or hotel enthusiasts, to the outdoorsy versus museum aficionados.Friendship compatibility does not always translate to travel compatibility. Therefore,ā¦
July 2026
Supreme Court Will Decide What Homeowners Are Owed When Tax Sale Erases Equity
A county in Michigan was owed about $2,200 in back taxes. To collect it, the government took a home worth close to $200,000, auctioned it for a fraction of that, and called the matter settled. The family is now putting a simple question to the Supreme Court: when the state sells your house over aā¦
Tips for Early Retirement Planning
Retirement planning starts with retirement spending. Ideally, retirees are mortgage-free and relatively debt-free before they leave the working life behind. In retirement, a key strategy is to maintain low monthly staple expenses.Therefore, if you want to devise a financial plan that will allow you to retire early, consider cutting back your basic household expenses aā¦
June 2026
The IRS Could Owe You Money Thanks to a Pandemic-Era Court Ruling
Here's something that flew under the radar for most people: a court decision from late last year could put money back in your pocket if you got hit with IRS penalties during COVID. But you need to act fast! For some taxpayers, the deadline to file a claim is July 10. What This Case Isā¦
Windfall Planning Makes Sense for Everyone
Financial windfalls are not uncommon. Every year, entrepreneurs who build their businesses from scratch sell them for millions in profit. In 2024 alone, state lotteries paidĀ out a combined $70.2 billion to prize winners. Additionally, over the next 20 years, around $84.4 trillion in wealth transfers are expected to take place, with $72.6 trillion of thisā¦
May 2026
Test Disclaimer
Tax Considerations for Data Center Projects in the Age of AI
Artificial intelligence is driving an unprecedented surge in data center construction. Developers, private equity sponsors and their tax advisors are navigating a complicated web of questions that touch everything from ownership structure to site selection to power sourcing. Get the early decisions wrong and the tax consequences can follow a project for years.Why REITs Haveā¦
What to Expect with an IRS Audit
If the IRS sends notice that youāre being audited, youāre likely to become anxious. However, not all audits mean you did something wrong. In most cases, it is simply a matter of verifying information on a tax return or perhaps correcting a minor error. Knowing what to expect ā and how to respond ā canā¦
April 2026
Filing Your 2026 Tax Return? The Stakes Just Got Higher
Picture two things happening at the same time. The agency responsible for reviewing your tax return is understaffed and buried under a backlog, and the software that the agency uses to catch filing errors just keeps getting better.That combination should give any taxpayer pause this season. Not because an audit is necessarily coming, but becauseā¦
August 2026
Travel Companions: How to Share Expenses
No matter how well you know someone, you usually learn a lot more once youāve traveled with them. We are all different in this activity, from people who prefer aisle seats over window seats, to Airbnb renters or hotel enthusiasts, to the outdoorsy versus museum aficionados.Friendship compatibility does not always translate to travel compatibility. Therefore,ā¦
Understanding the Exchange Ratio
With more than $57 trillion in mergers and acquisitions, according to the Institute for Mergers, Acquisitions & Alliances, understanding how the Exchange Ratio works is essential for businesses and investors to maximize these processes.The ratio assesses how many shares the company that's purchasing the takeover company must issue per share of the takeover business. Transactionsā¦
July 2026
Tips for Early Retirement Planning
Retirement planning starts with retirement spending. Ideally, retirees are mortgage-free and relatively debt-free before they leave the working life behind. In retirement, a key strategy is to maintain low monthly staple expenses.Therefore, if you want to devise a financial plan that will allow you to retire early, consider cutting back your basic household expenses aā¦
Understanding Depreciation Recapture
This accounting and tax method refers to a treatment used by the Internal Revenue Service (IRS) to obtain tax remittances on sales of depreciated property. Understanding how it works is essential for filers to make the most of it.Required ConditionsAs property depreciates, its value declines. When depreciated assets are sold, it's able to be filedā¦
June 2026
Windfall Planning Makes Sense for Everyone
Financial windfalls are not uncommon. Every year, entrepreneurs who build their businesses from scratch sell them for millions in profit. In 2024 alone, state lotteries paidĀ out a combined $70.2 billion to prize winners. Additionally, over the next 20 years, around $84.4 trillion in wealth transfers are expected to take place, with $72.6 trillion of thisā¦
Understanding Horizontal Analysis
Horizontal Analysis provides businesses a method to examine financial statement entries by looking at the documentsā number for a specific accounting time frame compared to the same length of a historical period for the same accounting line item. Breaking the Process Down It's a way to measure trends and variances by looking at the currentā¦
May 2026
What to Expect with an IRS Audit
If the IRS sends notice that youāre being audited, youāre likely to become anxious. However, not all audits mean you did something wrong. In most cases, it is simply a matter of verifying information on a tax return or perhaps correcting a minor error. Knowing what to expect ā and how to respond ā canā¦
Understanding the EV/2P Ratio
When it comes to raw materials, especially for fossil fuels, it's essential to evaluate existing and potential production capabilities for such companies. Using the EV/2P Ratio is a powerful tool when evaluating fossil fuel-related companies.Defining the RatioThis ratio is calculated by dividing a businessā enterprise value into the company's reserves. It provides financial analysts, investorsā¦
April 2026
Natural Disaster-Proof Your Finances
Hurricanes, floods, wildfires, tornadoes and earthquakes are becoming more severe and more frequent with each passing year. Without sufficient protection, these events can cause lasting financial disruption. While no one can prevent a natural disaster, preparing your finances in advance is one of the most practical forms of crisis readiness.Build a Financial Safety NetSave atā¦
Understanding Cash EBITDA
While Cash EBITDA isnāt recognized by generally accepted accounting principles (GAAP), itās a way for company owners and investors to account for deferred revenue during valuation modeling. This financial metric measures a businessā year-over-year change in postponed revenue to analyze a companyās financial situation.Defining EBITDABefore Cash EBITDA is defined, EBITDA must be defined.EBITDA = earningsā¦
March 2026
The Value of Diversifying with International Stocks
When investors think about building a strong equity portfolio, U.S. stocks often dominate the conversation. The United States is home to many of the worldās most innovative, profitable, and well-known companies, and has a history of delivering strong long-term returns. However, the United States is not the only country with successful, growth-oriented businesses. In fact,ā¦
Understanding Qualifying Dispositions
With 57 percent of public companies offering their workers employee stock purchase plans (ESPPs), according to the National Association of Stock Plan Professionals (NASPP), understanding how qualifying dispositions work is an essential skill.The concept refers to someone selling or otherwise ādisposingā of equities who sees advantageous tax benefits. This is especially pronounced when a stockholderāsā¦
February 2026
Scam-Proof Guidelines for Wiring Money
Wiring money is like sending cash: Once youāve sent it, itās gone. It is very difficult to retrieve ā in fact, more difficult than recovering physical dollar bills.For businesses, always call the recipient to verify ACH details before sending; this is required byĀ law inĀ 50 states. This law does not require calling, but if the sender'sā¦
Understanding the Equity Multiplier
Whether you are an investor, an owner, or an internal financial analyst, understanding how the equity multiplier works and how to interpret it is a helpful skill.Defining the Equity MultiplierThe equity multiplier is a metric that tells the user what percentage of the companyās assets are loaned against shareholdersā equity. The smaller the calculated numberā¦
January 2026
What Seniors Actually Got in the Latest Tax Bill
Campaign messaging would have you believe retirees just scored a major victory. The talking point is everywhere: Social Security benefits are now tax-free. But anyone who reads the One Big Beautiful Bill Act will discover something different. The legislation contains nothing that removes Social Security from federal taxation. Zero provisions. The tax structure that hasā¦
Defining An Activity Cost Driver
An activity cost driver is anything that causes a company's variable costs to either reduce or grow. Since measuring an activity cost driver is a way to streamline the administration of managing production costs, itās an integral part of activity-based costing.Examples of activity-cost drivers are warehouse expenses, modifying engineering designs, and retooling, setup, and maintenanceā¦
December 2025
Long Term Care Insurance Options
In 2024, the median household income in the United States was $83,730. However, the national average annual cost of 24-hour paid long-term care (LTC) for a retiree age 65 and older was more than $125,000, according to the Department of Health and Human Services. Moreover, one in five seniors will require care for more thanā¦
How to Account for Accretion
Whether itās an individual investor or a business owner looking to increase their earning power, understanding how accretion works is essential for individual and business investors to make the correct decisions going forward.How Accretion Works for BondsAccretion is the gradual increase of a bondās value over time. As a bond moves toward its maturity date,ā¦
November 2025
New Rules for Inherited Traditional IRA Distributions
The rules for IRAs inherited after 2020 changed when Congress passed the Secure Act in 2019. The new rules eliminated the opportunity for non-spousal beneficiaries to āstretchā inherited IRA earnings over their own lifetime. Up until this year, required minimum distributions (RMDs) and associated penalties were waived while the IRS clarified the new rules; butā¦
Understanding The Q Ratio
When it comes to evaluating a business, there are many ways to perform a valuation. One way to do so is to use the Q Ratio. Known as Tobin's Q Ratio or simply the Q Ratio, this method looks at the proportion between the values of a physical asset and its replacement cost. Developed byā¦
Travel Companions: How to Share Expenses
No matter how well you know someone, you usually learn a lot more once youāve traveled with them. We are all different in this activity, from people who prefer aisle seats over window seats, to Airbnb renters or hotel enthusiasts, to the outdoorsy versus museum aficionados.Friendship compatibility does not always translate to travel compatibility. Therefore,ā¦
Tips for Early Retirement Planning
Retirement planning starts with retirement spending. Ideally, retirees are mortgage-free and relatively debt-free before they leave the working life behind. In retirement, a key strategy is to maintain low monthly staple expenses.Therefore, if you want to devise a financial plan that will allow you to retire early, consider cutting back your basic household expenses aā¦
Windfall Planning Makes Sense for Everyone
Financial windfalls are not uncommon. Every year, entrepreneurs who build their businesses from scratch sell them for millions in profit. In 2024 alone, state lotteries paidĀ out a combined $70.2 billion to prize winners. Additionally, over the next 20 years, around $84.4 trillion in wealth transfers are expected to take place, with $72.6 trillion of thisā¦
What to Expect with an IRS Audit
If the IRS sends notice that youāre being audited, youāre likely to become anxious. However, not all audits mean you did something wrong. In most cases, it is simply a matter of verifying information on a tax return or perhaps correcting a minor error. Knowing what to expect ā and how to respond ā canā¦
Natural Disaster-Proof Your Finances
Hurricanes, floods, wildfires, tornadoes and earthquakes are becoming more severe and more frequent with each passing year. Without sufficient protection, these events can cause lasting financial disruption. While no one can prevent a natural disaster, preparing your finances in advance is one of the most practical forms of crisis readiness.Build a Financial Safety NetSave atā¦
The Value of Diversifying with International Stocks
When investors think about building a strong equity portfolio, U.S. stocks often dominate the conversation. The United States is home to many of the worldās most innovative, profitable, and well-known companies, and has a history of delivering strong long-term returns. However, the United States is not the only country with successful, growth-oriented businesses. In fact,ā¦
Scam-Proof Guidelines for Wiring Money
Wiring money is like sending cash: Once youāve sent it, itās gone. It is very difficult to retrieve ā in fact, more difficult than recovering physical dollar bills.For businesses, always call the recipient to verify ACH details before sending; this is required byĀ law inĀ 50 states. This law does not require calling, but if the sender'sā¦
What Seniors Actually Got in the Latest Tax Bill
Campaign messaging would have you believe retirees just scored a major victory. The talking point is everywhere: Social Security benefits are now tax-free. But anyone who reads the One Big Beautiful Bill Act will discover something different. The legislation contains nothing that removes Social Security from federal taxation. Zero provisions. The tax structure that hasā¦
Long Term Care Insurance Options
In 2024, the median household income in the United States was $83,730. However, the national average annual cost of 24-hour paid long-term care (LTC) for a retiree age 65 and older was more than $125,000, according to the Department of Health and Human Services. Moreover, one in five seniors will require care for more thanā¦
New Rules for Inherited Traditional IRA Distributions
The rules for IRAs inherited after 2020 changed when Congress passed the Secure Act in 2019. The new rules eliminated the opportunity for non-spousal beneficiaries to āstretchā inherited IRA earnings over their own lifetime. Up until this year, required minimum distributions (RMDs) and associated penalties were waived while the IRS clarified the new rules; butā¦
August 2026
Travel Companions: How to Share Expenses
No matter how well you know someone, you usually learn a lot more once youāve traveled with them. We are all different in this activity, from people who prefer aisle seats over window seats, to Airbnb renters or hotel enthusiasts, to the outdoorsy versus museum aficionados.Friendship compatibility does not always translate to travel compatibility. Therefore,ā¦
July 2026
Tips for Early Retirement Planning
Retirement planning starts with retirement spending. Ideally, retirees are mortgage-free and relatively debt-free before they leave the working life behind. In retirement, a key strategy is to maintain low monthly staple expenses.Therefore, if you want to devise a financial plan that will allow you to retire early, consider cutting back your basic household expenses aā¦
June 2026
Windfall Planning Makes Sense for Everyone
Financial windfalls are not uncommon. Every year, entrepreneurs who build their businesses from scratch sell them for millions in profit. In 2024 alone, state lotteries paidĀ out a combined $70.2 billion to prize winners. Additionally, over the next 20 years, around $84.4 trillion in wealth transfers are expected to take place, with $72.6 trillion of thisā¦
May 2026
What to Expect with an IRS Audit
If the IRS sends notice that youāre being audited, youāre likely to become anxious. However, not all audits mean you did something wrong. In most cases, it is simply a matter of verifying information on a tax return or perhaps correcting a minor error. Knowing what to expect ā and how to respond ā canā¦
April 2026
Natural Disaster-Proof Your Finances
Hurricanes, floods, wildfires, tornadoes and earthquakes are becoming more severe and more frequent with each passing year. Without sufficient protection, these events can cause lasting financial disruption. While no one can prevent a natural disaster, preparing your finances in advance is one of the most practical forms of crisis readiness.Build a Financial Safety NetSave atā¦
March 2026
The Value of Diversifying with International Stocks
When investors think about building a strong equity portfolio, U.S. stocks often dominate the conversation. The United States is home to many of the worldās most innovative, profitable, and well-known companies, and has a history of delivering strong long-term returns. However, the United States is not the only country with successful, growth-oriented businesses. In fact,ā¦
February 2026
Scam-Proof Guidelines for Wiring Money
Wiring money is like sending cash: Once youāve sent it, itās gone. It is very difficult to retrieve ā in fact, more difficult than recovering physical dollar bills.For businesses, always call the recipient to verify ACH details before sending; this is required byĀ law inĀ 50 states. This law does not require calling, but if the sender'sā¦
January 2026
What Seniors Actually Got in the Latest Tax Bill
Campaign messaging would have you believe retirees just scored a major victory. The talking point is everywhere: Social Security benefits are now tax-free. But anyone who reads the One Big Beautiful Bill Act will discover something different. The legislation contains nothing that removes Social Security from federal taxation. Zero provisions. The tax structure that hasā¦
December 2025
Long Term Care Insurance Options
In 2024, the median household income in the United States was $83,730. However, the national average annual cost of 24-hour paid long-term care (LTC) for a retiree age 65 and older was more than $125,000, according to the Department of Health and Human Services. Moreover, one in five seniors will require care for more thanā¦
November 2025
New Rules for Inherited Traditional IRA Distributions
The rules for IRAs inherited after 2020 changed when Congress passed the Secure Act in 2019. The new rules eliminated the opportunity for non-spousal beneficiaries to āstretchā inherited IRA earnings over their own lifetime. Up until this year, required minimum distributions (RMDs) and associated penalties were waived while the IRS clarified the new rules; butā¦
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