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For the first time since 2022, the IRS is changing standard mileage rates in the middle of the tax year. If you track business, medical or moving miles, this matters. Starting July 1, 2026, the numbers go up, and your recordkeeping needs to get more precise. What Changed and Why The IRS bumped the business mileage rate from 72.5 cents to 76 cents per mile for travel on or after July 1, 2026. Medical and moving rates rose from 20.5 cents to 23.5 cents. The charitable rate stays put at 14 cents, where it has been stuck since 1998. The trigger was fuel prices. WhenRead More →

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With more than $57 trillion in mergers and acquisitions, according to the Institute for Mergers, Acquisitions & Alliances, understanding how the Exchange Ratio works is essential for businesses and investors to maximize these processes. The ratio assesses how many shares the company that’s purchasing the takeover company must issue per share of the takeover business. Transactions that use shares for part or whole of the payment are able to leverage this integral benchmark. It’s important to keep in mind that the exchange ratio may provide parties helpful insight on transactions involving all or part equity, but it won’t be beneficial for all cash deals. TheRead More →

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No matter how well you know someone, you usually learn a lot more once you’ve traveled with them. We are all different in this activity, from people who prefer aisle seats over window seats, to Airbnb renters or hotel enthusiasts, to the outdoorsy versus museum aficionados. Friendship compatibility does not always translate to travel compatibility. Therefore, before you load up the car or board public transportation, it will help to communicate preferences, establish a few ground rules, and, perhaps most importantly, decide how to share expenses. There are plenty of advantages to traveling with another person or a group of people, even if you tendRead More →

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Surprising as it may seem, Q4 is at your doorstep, knocking and asking for attention. What’s more, it’s that time of year when everything starts getting busy: kids go back to school, football starts, and then the holidays are just up ahead. During this time, you might also be hearing “cha-ching, cha-ching” as what lies ahead can be financially challenging. Consider a few ways to frame this and strategies to set up goals as you bring the year to a close. Map out the big picture. While all the things in your immediate future might be at the forefront of your mind, take a stepRead More →

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For two decades, enterprise software has been built around a simple assumption: people log into multiple applications to retrieve information, make decisions, and complete work. A CRM, a project tracker, a business intelligence dashboard, a support ticketing system, and more. All this is because these applications operate in isolation. There is a shift whose intention is not eliminating SaaS applications. It’s about eliminating the need to constantly switch between them. Why Dashboards Existed Dashboards were built because software couldn’t interpret business intent. Humans had to retrieve, interpret charts, and decide what to do next. While dashboards were designed for human navigation, these static SaaS frontRead More →

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Sunshine Protection Act of 2025 (HR 139) – The purpose of this legislation is to make daylight savings time (DST) permanent for most of the country. States and territories presently exempt from DST may choose the standard time for those areas. This latest version of the bill was introduced by Rep. Vern Buchanan (R-FL) on Jan. 3, 2025. The Act passed in the House on July 14 and faces a mix of cross-aisle opposition and support in the Senate. Lulu’s Law (S 1003) – Introduced on March 12, 2025, by Sen. Katie Britt (R-AL), this Act authorizes the Federal Communications Commission (FCC) to issue emergencyRead More →

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With over $4 trillion in merger and acquisition transactions happening in 2025, understanding the necessary accounting considerations is essential to see how tax professionals can navigate financial statements. Defining Bolt-On Acquisitions This process is often used by private equity companies and occurs when a bigger business acquires a smaller company, providing investors with synergistic performance. This happens because the smaller company gives the bigger company a faster edge through complementary services, products or geographical advantages without having to do research and development from scratch. It also provides the acquiring business with new market access, further increasing the value of an acquisition for the acquiring company.Read More →