Business and Other Mileage Rates Increase for the Second Half of 2026

The IRS has made a midyear increase in the standard mileage rate for business vehicle use,...

Beneficiary Designations - Employer's Perspective

Beneficiary designations are a small detail with an outsized impact on retirement outcomes. When...

IRS Provides Clarity on Bonus Depreciation for Qualified Production Property

The IRS recently issued Notice 2026-16, providing interim guidance to address the new Section...

Taxpayers Are Receiving IRS Notices Demanding Bank Account Information: Be Alert for Scams

Upon filing 2025 federal income tax returns, some individual taxpayers have received IRS Notice...

Top 10 Tax Planning Strategies for 2026

The rules are still shifting, the economy is still sending mixed signals, and “wait and see” is no...

How a Retirement Plan Can Go Wrong: An Introduction to Plan Compensation

Back in the day, compensation was simpler. Hourly wage or annual salary was the main difference....

The One Big Beautiful Bill Act: What Government Employers Need to Know About Overtime, Tips, and More

Accountants love numbers, and the IRS loves acronyms. So, when the One Big Beautiful Bill Act was...

IRS issues final regulations on tips tax break

Last year, a new income tax deduction for qualified cash tips went into effect under the One Big...

Don’t sleep on these after-tax-day tips

With the April 15 tax filing deadline in the rearview mirror, you’re likely to turn your attention...

IRS Releases Guidance on New Depreciation Deduction

A new but temporary special depreciation allowance for qualified production property (QPP) was...