News & Resources

IRS Raises the Standard Mileage Rates for the Second Half of 2026

September 2, 2026|Jackson Thornton

The IRS raised the standard mileage rates for the second half of 2026, effective July 1, with the business rate increasing from 72.5 cents to 76 cents per mile. Taxpayers who use their vehicle for business, medical, or qualifying moving purposes will need to track mileage separately for each half of the year. Learn what the new rates mean for your deductions, reimbursement policies, and recordkeeping.

Why Homeowners Need to Track Improvements Before a Sale or Inheritance

September 2, 2026|Jackson Thornton

As home values rise, the federal home sale exclusion may no longer be enough to eliminate capital gains tax when a property is sold or inherited. The difference between a large tax bill and a smaller one can come down to how well a homeowner documented capital improvements over the years. Keeping a permanent record of qualifying expenses is one of the simplest steps homeowners can take to protect themselves.

Make Sure You Have These Four Items Covered Before Selling Your Business

September 2, 2026|Jackson Thornton

Most business owners assume buyer scrutiny begins when due diligence starts. It doesn't. The decisions you're making right now, years before a sale, are already shaping the price a buyer will pay and the deal structure they'll offer.

Assurance Services in a Digital Age

August 28, 2026|Mediadirective

In today’s fast-moving business environment, financial information needs to be both reliable and relevant, and assurance services have ...

Perspectives – August 2026

August 18, 2026|Angie Smith

Why Estate Taxes Aren’t the Only Inheritance-Related Costs to Consider

August 14, 2026|Jackson Thornton

Estate planning discussions often focus on the federal estate tax exemption, but most families face different challenges when transferring wealth. Probate fees, state-level taxes, capital gains exposure, and administrative complexity can all erode inheritances - even for estates well below the federal threshold. A comprehensive estate plan addresses these hidden costs, not just headline tax numbers.

Fraud Prevention Strategies for Nonprofit Organizations

August 14, 2026|Jackson Thornton

Nonprofits are disproportionately vulnerable to occupational fraud due to small administrative teams, part-time board oversight, and heavy reliance on cash-based transactions. Asset misappropriation schemes such as skimming, billing fraud, and expense reimbursement abuse are among the most common threats, and the typical scheme goes undetected for over a year. By implementing practical internal controls, strengthening board oversight, and engaging a CPA proactively, nonprofits can significantly reduce their exposure before a loss occurs.