JTC CPAs

Does the 2026 mileage change mean I need two mileage logs?

You need mileage records that can separate miles driven before July 1, 2026 from miles driven on/after July 1, 2026 if you use the standard mileage rate. The IRS issued revised rates effective July 1, 2026, including 76 cents per mile for business.

https://www.irs.gov/irb/2026-29_irb

Internal Revenue Bulletin: 2026-29 | Internal Revenue Service A lock () or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.

Your “monthly close” basics: what to reconcile every month

If you only do one thing consistently, do a monthly close. It keeps your books trustworthy and makes tax planning realistic. A solid monthly close typically includes:

Want a CPA-led year-end plan built around your numbers?

JTC CPAs helps small and mid-sized businesses connect bookkeeping, payroll, forecasting, and tax strategy—so decisions are made early enough to matter. If you’d like a planning session with projections and a clear action list, schedule a conversation.

https://www.jtccpas.com/contact/

Contact JTC CPAs | Schedule a Free Consultation Schedule a free consultation with a JTC CPA near you. Offices in Boise ID, Winter Park FL, Tucson AZ, Arlington TX, Surfside Beach SC, and Kingsport TN.

Step-by-step: a simple 30–45 day year-end plan

Week 1: Clean data
Week 2: Forecast and scenario plan
Week 3: Execute the decisions
Week 4–6: Lock in compliance items

For a break down of each week, please visit our article discussing the best ways to plan your year end tax strategies.

https://www.jtccpas.com/tax-planning-checklist-for-small-mid-sized-businesses-u-s-what-to-review-before-year-end/

When should a business start year-end tax planning?

Ideally 30–90 days before year-end. That window usually provides enough time to close the books, run projections, and implement decisions (purchases, payroll changes, documentation cleanup) before December 31.

Tax planning works best when it’s treated like operations—not a once-a-year paperwork sprint. For small and medium-sized businesses, the highest-impact moves are usually the simplest: clean books, intentional payroll, documented deductions, and timing decisions made before December 31.

What documents should I bring to a tax planning meeting?

Your most recent YTD profit & loss, balance sheet, payroll reports, details on large expected invoices/expenses, and a list of major planned purchases. If you have multiple entities or states, include entity/org details and nexus/state activity notes.

Personal (1040) and Corporate Extensions (1120)

Did you file an extension for your 2025 personal and corporate return? If you did, the filing deadline for any 1040 or 1120 is approaching quickly! Per the IRS, the extension deadline for C-Corps and Personal tax returns is October, 15 2026.

Even if you filed an extension with a different firm, JTC CPAs can take over and get your personal or corporate return filed by the extension deadline. As always, it is completely free to reach out for a consultation with one of our qualified tax liaisons. They will sit down with you and review your unique tax situation to see the best way to move forward in preparing your 2025 return.

Go to our contact page below to set up an in person or online meeting with a tax professional - https://www.jtccpas.com/contact/

Did you Know? Quick Tax Prep Facts

An extension gives you more time to file, but the IRS still expects timely payment by the original due date.

Estimated tax due dates aren’t evenly spaced—missing one quarter can create penalties even if you “catch up” later.

The IRS publishes annual tax calendars (Publication 509) that are useful for owners managing multiple compliance obligations.

Why a Local CPA is Your Greatest Asset

Choosing the right financial partner is pivotal. A local CPA offers more than just number-crunching; they provide strategic insights, ensure compliance, and help you build a resilient financial foundation, allowing you to focus on what you do best – running and growing your business!

Read this article to learn the indispensable role of a CPA for business success and the distinct advantage of a local CPA.

https://www.jtccpas.com/maximizing-your-boise-businesss-potential-why-a-local-cpa-is-your-greatest-asset/

Step-by-step: turn tax topics into a monthly routine (without living in QuickBooks)

If you’re a busy owner (or you lead a small finance team), the goal isn’t to memorize tax rules—it’s to build a repeatable workflow so decisions happen before deadlines.

Step 1: Lock in your month-end close cadence
Step 2: Do a 20-minute tax-risk scan
Step 3: Forecast “taxable income,” not just revenue
Step 4: Schedule deadlines like a payroll system—not a reminder note

Want this to feel lighter? Many owners offload the repetitive parts—bookkeeping cleanup, payroll processing, and estimated tax planning—so they can focus on revenue, delivery, and hiring. If you’re building that kind of system, start with bookkeeping support from JTC CPAs.

https://www.jtccpas.com/kiplinger-tax-topics-for-small-businesses-a-practical-2026-checklist-for-staying-compliant-and-keeping-more-cash/