David Daniel, CPA

The IRS increased the standard mileage rate to 76 center per mile effective 7/1/26.

This means that if you use the standard mileage rate for your business, then you can deduct .725 cents from Jan1-Jun30, and then .76 cents from July1-until it changes again. Keep track of your mileage! The IRS always wants to know if you keep written records for it.

Sad to say, that I saw this coming. An audit of the IRS showed that they provided the wrong answer to customers almost half the time. Sometimes they just denied helping taxpayers altogether.

Here's the small detail they missed: They can give you bad advice and still hold you responsible! A number of years ago, the IRS said that their own publications could not be relied on in court!

If you need help, reach out to us. You need someone who knows how everything is supposed to work and can navigate you successfully when the IRS doesn't!

“If the IRS does not follow its procedures when assisting taxpayers at TACs, there is a risk that taxpayers will experience unnecessary burden, including receiving incorrect information that could lead to inaccurate tax returns, or not receiving the assistance they need,” sa

https://www.tigta.gov/sites/default/files/reports/2026-06/2026108034fr.pdf

I'm very happy to announce that my daughter, Sharon, has "officially" joined my practice and is working on her CPA requirements. She has actually been helping me in my practice since she was 8 years old!

She spent her early career gaining experience in the biotech industry and AI, and has now returned to apply her unique perspective and analytical skills to our profession.

Sharon has been assisting me with Advisory and Consulting services, working to increase efficiency, effectiveness and profitability for our clients.

This is no joke, if you are a business owner, make sure you are on top of it.

A federal court declared it unconstitutional, but then a federal appeals court reinstated it on Dec, 23. What timing. I'm not a fan of this, but don't recommend fooling around with it. The penalties for not filing are currently $591 per DAY and potential jail time.

Corporate Transparency Act Filing Requirements Reinstated: Act Now The 5th Circuit has reinstated filing under the Corporate Transparency Act and FinCEN has extended the deadline until January 13, 2025. Urgent action is required.

IRS has extended filing deadlines for those affected by hurricanes. This gives straight-forward simple guidance. I hope everyone has managed this disaster OK. It's been a rough go here, but we are all OK.

IRS map shows everywhere tax deadline extended The Internal Revenue Service has announced extended deadlines for taxpayers across numerous states.

It's not just unscrupulous tax preparers taking advantage of people. A veteran called me earlier this year after being sold over $10 thousand in solar panels, after the contractor telling him about "all the energy tax credits" he would get.

It's not that simple, and it's not a refundable credit, so for him, it was money down the drain that as a disabled vet, he didn't have!

Between lying contractors and bad tax preparers, it can be a real mess. Be careful and get a well-rated CPA opinion before major purchases. It's hard to undo some purchases after they are done!

IRS issues nationwide warning A new warning is out from the IRS.

Closed to celebrate Apr 16th day! 🤓

I think we do too! It makes solid tax planning that much more essential.

Americans think they pay too much in taxes. Here's who pays the most and least to the IRS. The U.S. tax system is designed to be progressive, with rich people paying a larger share of their income to the IRS. Here's what to know.

Thank you to everyone visiting and liking this page! I appreciate you!

Every day, I have people trying to reach me to pitch outsourcing services. There are a lot of companies that use these services, and bury the disclosure "in the fine print".

We never outsource our work. If you trust us with your info, then we never share it. It stays within our firm.

The last thing I ever want is to have to explain a data breach on the other side of the planet to a client that has trusted us with their private financial information!

We are an American company and still believe that our word means something.