Beginning January 1, 2026, the standard mileage rates will change due to economic conditions. The business mileage rate will increase to 72.5 cents per mile, up 2.5 cents from 2025. For medical or moving purposes, the rate will rise to…
The IRS is modernizing its refund processes by transitioning away from paper checks and fully embracing secure electronic transactions. These changes will impact how you receive refunds or disbursements. How Will You Receive Tax Refunds How to Prepare for The…
October is here, and with it comes the realization that the end of the year is just around the corner. For many farmers and business owners, this season brings a critical focus: tax planning. With only a few months left…
The Dreaded Question: Where Has the Summer Gone? As we move through the final stretch of summer, the inevitable question arises: “Where has the summer gone?” While we’re busy enjoying the last sun-soaked days, it’s important to remember a critical…
Attention Farmers! The time is here, and the Beginning Farmer Tax Credit application is now available. If you are a beginning farmer renting from or crop sharing with someone this might be for you. Don’t wait to check it out,…
The IRS has announced an extension for the deadline to register for the $1,200 stimulus payment. This is commonly referred to as the economic impact payment or EIP. The deadline is now November 21, 2020. If you have not yet…
Many fiscal year ends are quickly approaching and with that, tax returns will begin to be prepared. Below are five reasons why reconciling your bank accounts is important: You always know how much cash you have available You can give…
Are you someone who is not required to file your tax return or who has not filed a 2018 or 2019 tax return for other reasons? You will need to fill out a free online form to identify yourself, your…
Want to know “Where is my Stimulus Check”? The link to obtain information regarding your Coronavirus stimulus payment is finally available! By visiting the site link below, you can check payment status, method of payment (i.e. direct deposit or check), and…
Stimulus payments will be sent out soon and with that being said, most are wondering how they will receive them, but first things first, there are scammers trying to get bank information and saying it is for the stimulus payments.…