From the Ledger
Tips, reminders, and real-world insights for small business owners and taxpayers.
These tips are based on common client questions and real-life scenarios—but they won’t apply to everyone. Always check with your tax professional (or give us a call) before making decisions based on this information.
Mid-year IRS Mileage Rate Increase
The IRS increased the business mileage rate effective July 1, 2026, creating two mileage rates for the same tax year.
Why Statements Aren’t Enough
Credit card statements alone won’t satisfy the IRS—here’s what documentation you really need to keep.