Tax Resources for Accountants and Small Businesses (U.S.)
The IRS 2026 mileage rates and vehicle limits establish the latest deduction amounts for business, medical, charitable, and qualifying moving travel. For 2026, the business mileage rate rises to 72.5 cents per mile, with...
The IRS 2025 mileage rates establish new deduction amounts for business, medical, and charitable driving. For 2025, the rate is 70 cents per business mile, with updated limits for depreciation and vehicle valuation under...
Updated April 2026 The IRS business expense rules for 2026 include several important updates for small businesses, especially around mileage rates, depreciation limits, and Section 179 expensing. Understanding these changes can help business owners...
When choosing between the standard mileage vs. actual expenses deduction methods, it’s important to know how each affects your taxes, records, and total deduction. Understanding both options can help you choose the method that...
Updated April 2026 Knowing the right tax deductions for self-employed drivers in 2026 can help you cut costs and increase profits. From mileage and repairs to insurance and depreciation, the IRS allows several write-offs...
This guide explains which Texas sales tax forms businesses may need, when returns are due, and how to file sales and use tax correctly. Overview Businesses registered for Texas sales and use tax must...
Filing taxes can be stressful, especially when time runs short. Fortunately, the Internal Revenue Service (IRS) provides a solution for taxpayers who need more time: Form 4868, officially titled Application for Automatic Extension of...
Missing the April 15 tax filing deadline in the United States is not unusual, but it can lead to additional costs if not addressed quickly. The impact depends on whether you owe taxes, are...
Economic nexus determines when a business is required to collect and remit sales tax in a state based on its economic activity, rather than a physical presence. This concept is especially important for remote...
Texas allows qualifying remote sellers to simplify local tax collection by electing a single local use tax rate instead of collecting destination-based local sales and use taxes. This option is designed to reduce compliance...
File Pennsylvania Personal Income Tax Online (2025) Pennsylvania allows taxpayers to file their personal income tax return online through the official state system, myPATH, operated by the Pennsylvania Department of Revenue. Official online filing...
Overview Texas economic nexus determines when an out-of-state seller must collect and remit Texas sales and use tax based on economic activity rather than physical presence. Economic nexus rules in Texas are administered by...
Texas use tax applies when taxable goods or services are purchased without Texas sales tax being collected at the time of sale. This commonly happens with out-of-state purchases, online transactions, or items bought from...
Overview Texas sales tax can be more complex than in states with a flat rate because it includes both a state rate and local taxes. This article explains how to calculate Texas sales and...
Overview Calculating Michigan sales and use tax is relatively straightforward due to the state’s flat rate system. Michigan applies a uniform 6% tax rate with no local variations, which makes it ideal for simple...
Federal quarterly taxes, also known as estimated taxes, are payments made directly to the Internal Revenue Service (IRS) throughout the year. These payments cover income that is not subject to automatic withholding, such as...
Current Applicable Federal Rates (AFR) The Applicable Federal Rates (AFR) are monthly interest rates published by the IRS and used for tax purposes such as loans between related parties, imputed interest rules, and other...
Quarterly taxes in California are estimated payments made throughout the year to cover your federal income tax, federal self-employment tax, and California state income tax. If you earn income without automatic withholding, you...
Preparing documents before starting your tax return helps prevent filing errors and IRS processing delays. This 1040 filing checklist 2025 provides a clear overview of what taxpayers should prepare before completing Form 1040. The...
When you need access to your IRS tax records, it’s important to understand that there are two different ways to obtain them, depending on what exactly you need. You can request a full copy...
Overview Calculating Michigan sales and use tax is relatively straightforward due to the state’s flat rate system. Michigan applies a uniform 6% tax rate with no local variations, which makes it ideal for simple...