Q3 estimated tax payments are due September 15. Most business owners already know the date. Fewer stop to think about how they're landing on the number they send in. A lot of the time, it's last quarter's payment, rounded up a little "just in case." That's not an estimate. That's a guess — and guessing wrong costs money in both directions. We see this a lot with small business owners here in Pasco and Pinellas Counties, especially contractors and service businesses whose in

Quick answer: For 2026, the IRS business standard mileage rate is 72.5 cents per mile from January 1 to June 30, and 76 cents per mile from July 1 to December 31. Because the rate changed mid-year, you must split your mileage log by date and apply each rate to the correct half of the year to claim the full deduction. Key Takeaways Business mileage rate: 72.5¢ (Jan 1–Jun 30) and 76¢ (Jul 1–Dec 31, 2026). The IRS raised the rate mid-year to reflect rising fuel costs — a rare mo

A new federal deduction could wipe out taxes on up to $25,000 of tip income for 2025. If you work in a tipped job in Pasco County, here's what qualifies and how to claim it.

The IRS has quietly scored every tax return for decades. Now, working with Palantir, it's using AI to decide who gets audited. Here's what that means for your small business and what you can do right now.

The IRS matching system now automatically compares your tax return to third-party reporting, and discrepancies can trigger notices quickly. For 2025 tax returns, new digital asset reporting, expanded deductions, and SALT changes increase mismatch risk. Here’s what taxpayers need to understand to avoid CP2000 notices and penalties.

Understanding the Roth IRA 5-year rule is essential for avoiding unexpected taxes and penalties. This article breaks down how contributions, conversions, and earnings are treated under IRS guidelines — and what you need to know before making withdrawals or planning a Roth conversion strategy.

Tax season doesn’t have to be stressful. This guide walks Florida business owners through practical steps to organize financial records, understand filing requirements, and prepare for upcoming deadlines—so you can file with confidence and avoid last-minute surprises.

Wondering when your 2026 tax refund will arrive? This guide breaks down estimated IRS refund timelines, common reasons for delays, and how to track your refund using official IRS tools—so you know what to expect this tax season.

The IRS pauses e-filing every year for maintenance. Here are the key dates for the 2025 e-file shutdown, what still works while it's offline, and why the shutdown is not a tax filing deadline.

The IRS has shut down its Direct File program, citing high costs and low use. Learn what this means for Florida small business owners and how Belshaw Accounting can help.

🚨 Billions of New 1099s Are Coming — Here’s What You Need to Know About the 1099-DA🚨 Major Shift Is Coming for Crypto Investors and Taxpayers With the next tax season rapidly approaching, the IRS is preparing to roll out one of the biggest reporting changes in decades.Starting January 2026, the Internal Revenue Service (IRS) will begin requiring Form 1099-DA for digital asset transactions and estimates suggest that up to 8 billion of these forms will be issued.Yes, you rea

Two things tend to make people nervous: 😱 IRS audits 🤖 Artificial Intelligence And now… they’ve joined forces. For decades, the IRS has used something called the DIF (Discriminant Index Function) . Every tax return gets a DIF score — and the higher your score, the higher your chance of being audited. DIF compares your numbers to the “norms” for taxpayers like you. In many ways, that was the IRS’s first version of AI — a rules-based system built on patterns and probabilities