Resources

IRS Increases Standard Mileage Rates Effective July 1st
The IRS has announced an increase to the optional standard mileage rates.

Trump Accounts – A Guide For Families
Trump accounts were introduced in the One Big Beautiful Bill Act, signed into law on July 4th, 2025.

What Lenders Look for in Audited Financial Statements
As your business grows, so does the need for capital.

When do Texas Businesses Need to File State Income Tax Returns in Other States?
Many Texas-based businesses are surprised to learn that operating or selling outside of Texas can trigger state business tax filing obligations in other states-even if you don’t have an office there.

Standard Mileage Increase for 2026
The IRS has announced the standard mileage rates that will apply to miles driven beginning January 1, 2026.

Inflation Adjustments for 2026
As 2026 begins, now is a good time to review key tax changes that may impact your planning for the year ahead.

IRS Systemic Issues: Important Updates for Taxpayers
Professional Associations, including the AICPA, have reported several systemic issues within the IRS that may affect taxpayers.

Executive Order Mandates Shift to Electronic Tax Payments and Refunds
On March 25, 2025, the President signed an executive order requiring the federal government to phase out paper checks.

What are Reviewed Financial Statements?
As a business grows, so does the need for reliable financial reporting.

The One Big Beautiful Bill Act
On Thursday, July 3rd, 2025, Congress passed H.R.1, the “One Big Beautiful Bill Act” (OBBBA), and just one day later, on July 4th, President Trump signed it into law.

Final Ruling on BOI Reporting
The introduction of the Corporate Transparency Act and that of the Beneficial Ownership Information (BOI) reporting has been nothing short of a roller coaster ride for many, quickly becoming a source of frustration and uncertainty for business owners and compliance officers alike.