Grace & Growth Financial Services - formerly Overman Bookkeeping, PC

Sarah, Sandy, and Morgan recently returned from a lovely coastal getaway together! Here are a few snapshots from our trip. We hope you're enjoying your summer! ☀️⛵

🚗 IRS Update: The standard mileage rate has increased for the second half of 2026.

Beginning July 1, 2026, the IRS increased the standard mileage rate for business travel to 76¢ per mile due to rising fuel costs.

If you track business mileage or reimburse employees for business travel, be sure you're using the updated rate.

Federal student loan borrowers: Your autopay discount may have increased.

Beginning July 1, eligible Federal Direct Loan borrowers enrolled in autopay can receive a temporary 1% interest rate reduction, up from the usual 0.25%.

Already enrolled in autopay? The additional discount should be applied automatically. Not enrolled yet? Eligible borrowers can enroll by September 30, 2026, to receive the temporary reduction through June 30, 2028.

If you're working toward paying off student loans, even a small interest-rate reduction may help you make more progress over time.

And if you'd like help creating a repayment plan or staying accountable along the way, Morgan, our financial coach, would love to help. 💜



For more information, including eligibility requirements and enrollment instructions, see the U.S. Department of Education's official announcement.

Important Update: The IRS standard mileage rate has been increased for the second half of 2026.

IRS raises standard mileage rates for remainder of 2026 The midyear change follows an increase in gasoline prices, according to the IRS. It is the first such midyear adjustment since 2022.

Just like when you cheer for your favorite team, we love to celebrate when our clients hit their goals. ⚽

Whether you're working toward starting or growing your business, improving your bookkeeping, or planning for the future, we're cheering you on every step of the way.

July is Independent Retailer Month, and at Grace & Growth, we love the chance to celebrate our small and local businesses. 💜

If you're looking for a few ✨free✨ ways to support your favorite independent retailers this month, check out the graphic below for six simple ideas that can make a big difference.

Summer is a great time for a mid-year financial reset. 🌿

Whether you're reviewing your budget, reassessing financial goals, or adjusting your savings plan, taking time to check in with your finances now can help you finish the year strong.

Financial coaching can help if you'd like someone to walk alongside you through your financial journey. You can book a free consultation with Morgan to see if financial coaching is a good fit for you.

The three primary business financial statements are the Profit & Loss Statement, Balance Sheet, and Cash Flow Statement.

But what does each one actually tell you?

Swipe through to learn the purpose of each statement, then read our full article to dive even deeper.