Key Takeaways The IRS business rate for 2026 is 72.5 cents per mile, a 2.5-cent increase from the previous year. To keep your options open, you must choose the standard mileage method in the first year your vehicle is used for business. If you start with actual expenses, you are locked into that method…
*This guidance is based on CBP’s April 2026 CAPE/IEEPA refund guidance, current ACH refund enrollment rules, and general federal tax recovery principles as of May 15, 2026. Your facts may require coordination with your customs broker, trade counsel, and tax advisor. Key Takeaways You must manually enroll in ACH refunds via the ACE portal…
Key Takeaways As of April 20, 2026, the Consolidated Administration and Processing of Entries (CAPE) tool is the exclusive electronic system for reclaiming IEEPA tariff duty payments. Importers must have an active ACE Secure Data Portal account and an authorized ACH direct deposit set up for payout. This initial Phase 1 window is limited…
Most small business owners review their books at tax time. That review meets the compliance requirement, but it leaves ten or eleven months of the year with no visibility into how the business is actually performing. A short monthly review of a handful of figures, alongside the books your bookkeeper is already producing, can surface…