Get tips and advice about bookkeeping, taxes, and charitable donations from our Raleigh CPA firm.
The 2026 IRS business mileage rate increased to 70 to 72.5 cents per mile. Learn how to calculate your mileage deduction, how it affects your record keeping, factors that influence the rate, and when the standard rate may not apply to you.
Learn what digital assets are, including business files, cryptocurrencies, stablecoins, NFTs, and tokenized assets. This guide also explains key IRS reporting rules, tax implications, and recordkeeping considerations.
equesting a federal tax extension may be a helpful step if you need more time to gather records or handle a complex financial situation. This process can help you move your filing deadline to October, though it is useful to remember that any taxes owed should still be estimated and paid by the original April due date to potentially minimize interest and penalties.
