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Why Tariff Refund Claims Get Delayed for Small Business Owners
*This guidance is based on CBP’s April 2026 CAPE/IEEPA refund guidance, current ACH refund enrollment rules, and general federal tax recovery...
How To File A Tariff Refund Claim for Your Business
Key TakeawaysAs of April 20, 2026, the Consolidated Administration and Processing of Entries (CAPE) tool is the exclusive electronic system for...
GI Accounting & Consulting, PC’s Six Lesser-Known Small Business Tax Strategies
Key TakeawaysFor 2026, the Section 179 immediate expensing limit has increased to $2.56 million, allowing businesses to write off the full cost of...
Could Changing Your Business Entity Mean A Lower Tax Bill For Owners?
Quick Summary: Could Changing My Business Entity Mean a Lower Tax Bill?As a Sole Proprietor or single-member LLC, you pay a 15.3%...
How Your Entity Type Affects Your Business’s Bottom Line
Key TakeawaysYour business entity determines how you are taxed. Choosing the right structure can save you thousands of dollars in self-employment or...
Does the Tariff Refund Process Apply to My Business?
Key TakeawaysOnly the Importer of Record (IOR) or an authorized customs broker can claim a refund. If a carrier like UPS or FedEx is the IOR, you...
The 2026 Business Mileage Rate vs The Standard Expense Method For Your Business Vehicles
Key TakeawaysThe IRS business rate for 2026 is 72.5 cents per mile, a 2.5-cent increase from the previous year. To keep your options open, you...
Common Bookkeeping Mistakes That Make Tax Filing Harder For Business Owners
Key Takeaways Missing documentation shifts the burden of proof to you. Without a receipt or digital log, the IRS can legally disallow business...
Remote vs In Person Work Setup for Employers
Key TakeawaysRemote work can lower overhead, expand your hiring pool, and improve flexibility. But it can also create multi-state tax and payroll...