The IRS mileage rate for 2026 has increased to $7.25 per mile, offering higher deductions for business use of personal vehicles. Learn how to choose between actual expenses and the standard rate, apply accountable plan reimbursements, and follow proper recordkeeping to support deductions and maximize tax benefits for business driving.

Prepare your small business for a smooth new year with this Year-End Legal Checklist. Review essential tasks like business registrations, license renewals, tax and payroll compliance, contracts, and insurance. Learn the key questions every SMB should ask and actionable steps—like creating a compliance calendar—to stay organized, compliant, and ready for 2025.

Payroll slip-ups can cost your business big time — in penalties, morale, and even legal trouble. From misclassifying employees to missing tax deadlines, these mistakes are more common than you think.

Did you know you can claim a tax deduction for your home office if it's used exclusively for business? There are two ways to do this—Simplified and Regular—but the regular method may offer bigger savings. Not sure which method is right for you? Learn more about how to calculate and maximize your home office tax deductions.