Frequently Asked Questions
What is the best way to track expenses for my business?
What business structure should I choose for my business?
What business structure should I choose for my business?
Quickbooks is by far the leader in the industry & the easiest to use. We can guide you through the setup process and work with you to help you understand the program & its capabilities.
What business structure should I choose for my business?
What business structure should I choose for my business?
What business structure should I choose for my business?
While there are choices here, a Limited Liability Company (LLC) provides liability protection & offers more flexibility than other options.
Will I be itemizing under the new tax law?
What business structure should I choose for my business?
Will I be itemizing under the new tax law?
With the increased standard deduction, many people will no longer itemize deductions on their federal tax return. However, state laws differ. It is best to gather your expenses & let us help you determine if you will save money by itemzing.
2025 Updates
Increased Standard Mileage Rate
As of 1/1/26 - IRS increased the Standard Mileage Rate to 72.5 cents per mile for business use.
Tax Season begins 1/27/26
Many people don't realize the IRS shuts down efile at the end of the year (12/26/25 this year) and does not open again until the end of January.
Beneficial Ownership Information reporting
As of 2025, federal enforcement of Beneficial Ownership Information (BOI) reporting for U.S.-formed companies has been suspended, and most domestic entities are not currently required to file BOI reports.
The underlying law has not been repealed, and BOI requirements may be reinstated or modified in the future. We are monitoring developments and will update guidance if federal requirements change.
IRS Interactive Tools
IRS has a number of Interactive formats to answer basic questions
Please visit https://www.irs.gov/help/ita to see the interactive topics.