Quarterly Newsletters

Beach Life CPA 2025 Spring Tax Newsletter IRS has released the 2026 standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. The following chart reflects the new 2026 standard mileage rates compared to the 2025 standard mileage rates. This letter provides an update on some changes that might impact you and other things to be aware of.

2025 Tax Highlights Passed on July 4, 2025, the One Big Beautiful Bill Act (OBBBA) made some significant changes to the Inter- nal Revenue Code and permanently extended many provisions of the Tax Cuts and Jobs Act (TCJA). This letter provides an update on some changes that might impact you and other things to be aware of.

On August 14, 2025, the U.S. Department of the Treasury announced that the federal government will stop issuing paper checks for most federal payments on September 30, 2025. If you are one of the few people who still receives a federal benefit check, it’s time to switch to an electronic payment method. “Reducing paper checks has been a longstanding bipartisan goal that our administration is finally putting into action. Thanks to President Trump, this will help reduce fraud an

The President’s actions to reduce the size of the federal government’s workforce, the Office of Personnel Management issued guidance for agencies to follow related to probationary employee terminations and the deferred resignation program (DRP). The DRP allowed federal employees to voluntarily resign with pay through September 30, 2025.

Another tax season is in the books, and we are all looking forward to our summer vacations and renewal time. We were pleased to see everyone during this tax filing season, and will continue to provide year-round tax and advisory services. In this issue we address several issues including the ABLE account, business expenses, the importance of direct deposit, and teacher benefits. The ABLE Savings Account is designed to help those with disabilities provide for eligible living e