ABC Accounting Services

ABC Accounting Services ABC Accounting Services helps small business owners save time and money by helping them to stay on t

ABC Accounting Services helps small business owners save time and money by helping them to stay on top of their finances.

07/16/2026

Federal Law Alert
JULY 15, 2026
Federal: Midyear 2026 Mileage Reimbursement Rate Increase

Due to rising fuel prices, the IRS standard mileage rate was recently increased to 76 cents per mile driven for business purposes (up from 72.5 cents). While the change was announced on July 13, 2026, it’s retroactively effective to July 1, 2026.

– Automatic BenefitsJust because a tax law changes doesn't mean you automatically benefit.Many people assume new tax law...
04/15/2026

– Automatic Benefits

Just because a tax law changes doesn't mean you automatically benefit.

Many people assume new tax laws automatically apply to them.
But most tax provisions require you to meet certain criteria and file correctly to claim the benefit.
Understanding how these rules apply to your situation is key.

👉 If you want to move from financial fog to financial clarity in your business, join our FREE 5 Day Pathway to Profits Challenge.
You'll learn how to track the numbers that drive real progress.
Take the challenge here:
https://www.profit-engineers.net/master-the-metrics

New Car Loan DeductionNot every car purchase qualifies for a tax deduction.Some people believe all new car loans now qua...
04/14/2026

New Car Loan Deduction

Not every car purchase qualifies for a tax deduction.

Some people believe all new car loans now qualify for a tax deduction.
In reality, the rule only applies to certain U.S.-built vehicles purchased after January 1, 2025, and only if specific requirements are met.
Tax law changes can be complicated, which is why it's important to look at the details.

👉 Want to better understand your business finances and make smarter decisions?
Join our FREE 5 Day Pathway to Profits Challenge.
Start the challenge here:
https://www.profit-engineers.net/master-the-metrics

Tips and OvertimeTips and overtime are still taxable income.There has been a lot of confusion about new tax provisions r...
04/13/2026

Tips and Overtime

Tips and overtime are still taxable income.

There has been a lot of confusion about new tax provisions related to tips and overtime.
While some workers may qualify for certain deductions, the income itself is still taxable.
Understanding the details of new tax rules can make a big difference when filing.

👉 Want to get clearer on your business finances this year?
Join our FREE 5 Day Pathway to Profits Challenge and build a simple system to track your profit and cash flow.
Start here:
https://www.profit-engineers.net/master-the-metrics
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Just because a tax law changes doesn't mean you automatically benefit.Many people assume new tax laws automatically appl...
04/04/2026

Just because a tax law changes doesn't mean you automatically benefit.

Many people assume new tax laws automatically apply to them.
But most tax provisions require you to meet certain criteria and file correctly to claim the benefit.
Understanding how these rules apply to your situation is key.
If you want to move from financial fog to financial clarity in your business, join our FREE 5 Day Pathway to Profits Challenge.
You'll learn how to track the numbers that drive real progress.
Take the challenge here:
https://www.profit-engineers.net/master-the-metrics

Hook:Yes… audits still happen.A lot of people assume the IRS doesn't audit anymore.The reality is that audits still occu...
04/03/2026

Hook:
Yes… audits still happen.

A lot of people assume the IRS doesn't audit anymore.
The reality is that audits still occur, especially when returns show missing income or questionable deductions.
And remember, state agencies can audit too.

Accurate records and understanding your numbers go a long way toward avoiding problems.

Want to feel more confident about your finances?
Join our FREE 5 Day Pathway to Profits Challenge and learn the simple metrics every business owner should track.

Not every car purchase qualifies for a tax deduction.Some people believe all new car loans now qualify for a tax deducti...
04/02/2026

Not every car purchase qualifies for a tax deduction.

Some people believe all new car loans now qualify for a tax deduction.
In reality, the rule only applies to certain U.S.-built vehicles purchased after January 1, 2025, and only if specific requirements are met.

Tax law changes can be complicated, which is why it's important to look at the details.
Want to better understand your business finances and make smarter decisions?
Join our FREE 5 Day Pathway to Profits Challenge.
Start the challenge here:
https://www.profit-engineers.net/master-the-metrics

Tips and overtime are still taxable income.There has been a lot of confusion about new tax provisions related to tips an...
04/01/2026

Tips and overtime are still taxable income.

There has been a lot of confusion about new tax provisions related to tips and overtime.

While some workers may qualify for certain deductions, the income itself is still taxable.

Understanding the details of new tax rules can make a big difference when filing.

Want to get clearer on your business finances this year?
Join our FREE 5 Day Pathway to Profits Challenge and build a simple system to track your profit and cash flow.
Start here:
https://www.profit-engineers.net/master-the-metrics

No 1099 MythNo 1099 doesn't mean the IRS doesn't know about the income.A common myth we hear is:“If I didn't get a 1099,...
03/18/2026

No 1099 Myth

No 1099 doesn't mean the IRS doesn't know about the income.

A common myth we hear is:
“If I didn't get a 1099, I don't have to report it.”
Unfortunately, all income is taxable, even if you never receive a tax form.
That's why understanding your numbers throughout the year is so important — not just during tax season.

👉 Ready to stop guessing and start understanding your business finances?

Join our FREE 5-Day Pathway to Profits Challenge and learn how to track profit, cash flow, and the metrics that matter.

Remote Worker Home Office MythWorking from home doesn't automatically mean you get a home office deduction.A lot of remo...
03/16/2026

Remote Worker Home Office Myth

Working from home doesn't automatically mean you get a home office deduction.

A lot of remote workers assume they can deduct their home office.
But under current tax rules, W-2 employees usually don’t qualify.
The deduction is primarily for self-employed business owners.
This is one of the most misunderstood tax topics we see every year.

👉 Want to feel more confident about your business finances?

Join our FREE 5-Day Pathway to Profits Challenge and learn how to understand your numbers without the overwhelm.
Take the free challenge here:
https://www.profit-engineers.net/master-the-metrics

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Aurora, IL
60506

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