Updated IRS Mileage Rates for 2026
The IRS has increased the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs due to rising fuel costs. Effective July 1, 2026, the standard mileage >>
News
Building a More Secure Retirement Future for Women
This month, we recognized Women’s Retirement Security Day on July 14, a day dedicated to raising awareness about the unique retirement challenges women face and the >>
Navigating Trump Accounts: Insights from a JCCS Tax Advisor
As a tax advisor at JCCS, I’ve been fielding questions from clients about a new tax-advantaged savings vehicle known as a “Trump Account.” These accounts, which became active July 4, >>
FAQs About Resolving Small Business Tax Issues
Tax problems can happen to even the most organized small business owners. A cash flow crunch, an unexpected tax notice, a missed filing deadline or a >>
Is Your Nonprofit’s Spending Policy Still Working?
A thoughtful spending policy helps nonprofits balance today’s funding needs with tomorrow’s financial stability. Now is an ideal time to evaluate whether your current approach supports >>
When the Sale of an Appreciated Home Triggers Taxes–and When It Doesn’t
Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains when they sell. Of >>
Is a Joint Trust Better than Separate Trusts? Not Necessarily
A single joint living trust with your spouse can simplify the management of shared assets, but separate trusts may offer enhanced asset protection and tax planning >>
2026 Midyear Tax Planning Tips for Individuals
Summer may feel far removed from tax-filing season. But for strategic taxpayers, it’s a great time to gather information and plot moves that may pay off >>
Rethink inventory management
For many businesses, inventory is one of the largest and most expensive assets to maintain. Beyond the cost of purchasing goods, businesses incur ongoing expenses related >>
Self-Employed? Don’t Overlook Valuable Tax Deductions
If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of the filing requirements for >>
