Support | M-Th 7-4
Pathway to Mid-year
With Spring Meetings coming to an end, we want to make sure 2026 is tidy and prepare for mid-year reviews right around the corner!
Small business financials and supporting documentation must be current for mid-year reporting and tax planning in June/July. Please take this time to ensure that all of your small business documentation has been submitted for 2026.
Let us know if you have questions!
Tax Planning
With the addition of Income Tax filing this year we are offering tax review and planning services so that you can holistically monitor your business and personal tax implications at key points of the year. This service is optional and we will continue to support the CPA team of your choice with any tax planning efforts.
If you're current with your CFO Services, then you're eligible for Income Tax Services! Check your email this month to include a tax review this mid-year.
Tips & Reminders
1099 Threshold Change
Beginning with the 2026 tax year, the threshold for issuing 1099s has increased to $2,000, up from $600. As a reminder, you do no need to issue 1099s when payments to contracts have been made via credit card.
2026 Mileage Deduction
2026 Mileage Deduction
The 2026 standard mileage rate for business is 72.5 cents per mile.
Corporate Minutes
Receipt Capture Limitations
2026 Mileage Deduction
All corporations (LLCs) need to hold and document an annual shareholder(s) meeting. You can hold more meetings, if needed, but one per year is the minimum requirement. Documentation of this meeting is referred to as 'minutes'. Learn more
Tax Withholding Tool
Receipt Capture Limitations
Receipt Capture Limitations
With the IRS's Tax Withholding Estimator tool, you can use your business financials and household paystubs to estimate your federal income tax
Receipt Capture Limitations
Receipt Capture Limitations
Receipt Capture Limitations
Receipt Capture is available for current expense receipts only. Receipt Capture does not support expenses that are for previous months. Receipt Capture does not support statements, deposits, letters, or documentation that is not an expense receipt.
Supporting Documentation
Supporting Documentation
Supporting Documentation
Supporting documentation audits were completed in April and communications sent for any outstanding items needed. By supplying your supporting documentation for the first part of the year, we can ensure your small business is compliant and prepare your mid-year financial information!
Tax & Audit Ready!
Supporting Documentation
Supporting Documentation
By supplying Weekly Receipts, Monthly Statements, and not altering data in QuickBooks; we guarantee that your small business will remain tax and audit ready.
Client Page
Supporting Documentation
Client Page
The CFO on the Go client page is updated every 45-60 days with all of the latest information, processes and measures we are taking to ensure your small business is always tax and audit ready.