IRS Sets 2026 Business Mileage Rate at 72.5 Cents
If your business reimburses mileage or deducts vehicle expenses, the IRS just made a change you’ll want to account for before year-end planning.
1 min read
Redpath and Company
:
April 29, 2021
April 30, 2021 - The Small Business Administration has announced that the Restaurant Revitalization Fund will open for registration by qualifying restaurants on April 30 at 9 am EST, with these same restaurants able to submit applications beginning May 3 at noon EST.
The initial 21 days of the program will see priority granted to small businesses owned by women, veterans, and individuals disadvantaged socially and/or economically; followed by funding for all eligible applications on the basis of first-come, first-serve.
The agency is recommending that all eligible entities submit applications as soon as the portal opens through either a third party, point of sale vendor recognized by the SBA, or through the SBA itself. To verify eligibility and see a sample application, you can visit the following resources:
Click here for SBA Restaurant Revitalization Funding Sample Application.
If your business reimburses mileage or deducts vehicle expenses, the IRS just made a change you’ll want to account for before year-end planning.
GASB Statement 102 introduces new financial reporting requirements designed to increase transparency and strengthen how governments communicate risk....
Recent legislation, part of the One Big Beautiful Bill Act (OBBBA), introduced several tax changes that will directly affect how construction and...