Melissa Powers CPA & Associates PLLC

07/14/2026

The IRS has announced that it will begin automatically forgiving certain penalties for taxpayers who have not had a similar penalty in the past three years, rather than requiring them or their tax preparer to request relief for them.

The IRS will automatically waive certain penalties for eligible taxpayers with a strong compliance history. Learn who qualifies.

07/14/2026

A tax credit could help reduce your health insurance costs.

07/13/2026

The IRS increased business, medical, and moving mileage rates effective July 1, 2026. Learn the new rates and how they affect your deductions.

The IRS recently announced a 4-cent increase in the optional mileage rate, effective for the last half of 2022.

07/13/2026

Learn how the 180-day rule may allow certain 2026 capital gains to be deferred through a Qualified Opportunity Fund investment.

07/13/2026

Keep pushing forward.

07/10/2026

A mid-year tax review helps business owners improve cash flow, reduce surprises, and make smarter decisions before year-end.

07/10/2026

Mid-year = re-engagement gold for life coaches.

07/09/2026

Employers of all sizes can assemble a portfolio of fringe benefits that materially increase employees’ total compensation while delivering tax advantages to both the business and employees.

Learn how fringe benefits can boost employee compensation while providing valuable tax advantages for both employers and employees.

07/08/2026

Many homeowners overpay by not shopping for mortgages. Learn how rates, refinancing, taxes, and cash flow can affect your finances.

07/08/2026

Knowledge is only useful when applied.