Bookkeeping & Tax Services

07/29/2026

To help make tax filing easy, you should keep good records of all charitable contributions. This is especially important for tax year 2026, since those who do not itemize may now be able to deduct up to $1,000 in cash contributions – or $2,000 for married taxpayers filing jointly – made to certain qualified organizations.

You can use the Tax Exempt Organization Search tool on IRS.gov to find organizations which are eligible to receive tax-deductible contributions.

You should keep proof of all donations, whether donations are cash, check, other monetary gift, or non-cash. Your records should show the organization's name, the date of the contribution, the amount donated, and whether the organization provided any goods or services in exchange for the gift. For non-cash donations, you should also keep records describing donated property and its fair market value.

Special rules apply to large donations and certain types of property donations. See the recent IRS tax tip for more information.

07/16/2026

Due to rising fuel prices, the IRS standard mileage rate was recently increased to 76 cents per mile driven for business purposes (up from 72.5 cents). While the change was announced on July 13, 2026, it’s retroactively effective to July 1, 2026.

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06/12/2024

Tax Tip 2024-57: Newlyweds tax checklist Internal Revenue Service (IRS) sent this bulletin at 06/10/2024 10:21 AM EDT IRS Tax Tips June 10, 2024 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Arou...

06/06/2024

Tax Tip 2024-55: Hobby or business: What people need to know if they have a side hustle Internal Revenue Service (IRS) sent this bulletin at 06/05/2024 12:30 PM EDT IRS Tax Tips June 5, 2024 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IR...

12/20/2023

IR-2023-246: IRS reminds those aged 73 and older to make required withdrawals from IRAs and retirement plans by Dec. 31; notes changes in the law for 2023 Internal Revenue Service (IRS) sent this bulletin at 12/20/2023 12:05 PM EST News Essentials The Newsroom Topics IRS Resources Issue Number: IR-2...

12/06/2023

A tax law that may severely impact small businesses is slated to go into effect at the beginning of 2024. The Beneficial Ownership Information Reporting Rule, which goes into effect Jan. 1, require…

09/05/2023

IR-2023-161: September is National Preparedness Month; IRS reminds taxpayers to prepare for natural disasters Internal Revenue Service (IRS) sent this bulletin at 09/05/2023 10:05 AM EDT News Essentials The Newsroom Topics IRS Resources Issue Number: IR-2023-161 Inside This Issue September is Nation...

09/05/2023

Tax Tip 2023-108: Tax basics for setting up a business Internal Revenue Service (IRS) sent this bulletin at 09/05/2023 10:05 AM EDT IRS Tax Tips September 5, 2023 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Fa...

08/17/2023

IR-2023-150: New school year reminder to educators; maximum educator expense deduction is $300 in 2023 Internal Revenue Service (IRS) sent this bulletin at 08/17/2023 01:05 PM EDT News Essentials The Newsroom Topics IRS Resources Issue Number: IR-2023-150 Inside This Issue New school year reminder t...

07/27/2023

Tax Tip 2023-96: Homeowners: review these house-related deductions and programs Internal Revenue Service (IRS) sent this bulletin at 07/27/2023 12:07 PM EDT IRS Tax Tips July 27, 2023 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guida...