In Announcement 2026-11, the IRS has announced that starting July 1, 2026, the revised standard mileage rates are: (1) Business: 76 cents per mile (up from 72.5 cents per mile) (2) Medical and moving 23.5 cents per mile (up from
Technology continues to reshape how small businesses operate in 2026. From cloud software to mobile apps, business owners have more tools than ever to improve productivity, manage work, and serve clients. But more tools do not always mean better results.
According to recent industry data, nearly half of all small businesses fall victim to cyberattacks every year. This means that an event occurs every seven seconds, costing businesses on average more than $250,000. Six months after an attack, 60% of
Fringe benefits are simply another form of compensation. Employers do not pay them in the form of wages, yet they play a meaningful role in how employees experience the value of their work. These benefits are especially useful when you
While traditional banking continues to be the primary source for commercial lending, small businesses are beginning to take advantage of other nonbank alternatives. In fact, according to a Secured Research study, over 70% of small businesses said they shopped around
Every employer is required to deposit employment taxes either monthly or semiweekly, depending on the level of tax liability. You are also required to file employment tax returns every quarter. These filings must include the income taxes withheld from employee
The competition for talent remains intense in 2026, and many small employers find that well-designed benefits can be more persuasive than pay alone. A benefits package that reflects employee needs—health coverage options, mental-health support, and flexibility—supports retention and recruitment while
Creating a succession plan now can help align family interests, manage family member expectations, reduce or eliminate estate and inheritance taxes, and ensure a successful transition to the next generation. Follow these five steps to a successful succession plan: Establish
Seasonal and part-time employees are subject to the same federal income tax withholding, Social Security, and Medicare tax rules as other employees, advises the IRS. Employers must withhold and pay employment taxes on wages paid to these workers. It can
Audits play a crucial role in providing transparency for clients and fostering confidence in a company’s financial reporting. An audit is particularly reassuring in uncertain business environments. At their core, audits are designed to assess whether a company’s financial statements