Lauzen Accounting

07/16/2026

**Federal Law Update: Midyear 2026 Mileage Reimbursement Rate Increase** The IRS standard mileage rate for business use increased from **72.5 cents to 76 cents per mile**. Although the change was announced on **July 13, 2026**, it is **retroactively effective as of July 1, 2026**. For private employers, use of the IRS rate is optional. However, many businesses use it as a practical standard for reimbursing employees who drive their personal vehicles for work. **Action item:** If your business uses the IRS standard mileage rate, review your reimbursement process and update your systems to reflect the new rate.

07/02/2026

This Independence Day is extra special- it marks 250 years of freedom, opportunity, and growth. At Lauzen, we’re grateful to support small business owners who live out that same spirit every day - taking risks, building something meaningful, and creating opportunity for others.
As we celebrate, it’s a great time to reflect on where we started and what it takes to continue growing. Strong businesses, like a strong country, are built with intention, discipline, and a clear vision for the future.
Wishing you a safe and meaningful 4th of July!
#250

06/30/2026

Heads up!
Our office will be closed on July 3rd in observance of Independence Day.

Take this time to enjoy the holiday and maybe even take a quick step back from the day-to-day of your business.

A simple mid-year check-in can go a long way:
✔️ Are your numbers current?
✔️ Are you seeing things clearly?
✔️ Are there surprises you can still prevent?

We’ll be back after the holiday, ready to help you stay organized and confident moving forward.
Have a safe and happy 4th! 🇺🇸

06/27/2026

If your business sponsors a retirement plan, you must invest prudently and stay in compliance with numerous complex federal requirements. If you don't follow the rules, the IRS could disqualify your plan. Here are some steps to help keep your business from falling into a costly noncompliance trap

If your company sponsors a qualified retirement plan, you must comply with complex rules established by the IRS and the U.S. Department of Labor. Igno

06/26/2026

Summertime — and the tax planning is … if not easy, easier. At this juncture in the calendar, individual taxpayers can assess their financial situation and take advantage of ample opportunities to identify and implement savvy moves that can yield benefits come tax time. We discuss some midyear tax-planning tips tailored to 2026.

2026 Midyear Tax Planning Tips for Individuals:
https://hubs.li/Q04mSPPj0

06/26/2026

1. Is Your Child's Financial Aid Taxable?
2. The Impact of Step-Up Basis in Estate Planning
3. New Rules for Money Sent Abroad
4. IRS Launches Tax Debt Help Tool
5. ABLE Accounts: What's Changed?

Is Your Child's Financial Aid Taxable? If you're currently evaluating financial aid awards for your college-bound child, it's important to understand

06/26/2026

Summertime — and the tax planning is … if not easy, easier. At this juncture in the calendar, individual taxpayers can assess their financial situation and take advantage of ample opportunities to identify and implement savvy moves that can yield benefits come tax time. We discuss some midyear tax-planning tips tailored to 2026.

Summer may feel far removed from tax-filing season. But for strategic taxpayers, it's a great time to gather information and plot moves that may pay o

05/25/2026

Today we pause to honor the men and women who gave their lives in service to our country.

From all of us at Lauzen Accounting & Payroll, we wish you and your family a safe and meaningful Memorial Day.

04/15/2026

Today is April 15. Not only are 2025 tax returns due, but first quarter estimated tax payments are also due. If you are not yet a client and need to make a quick payment, you can use your Online Account.

Get started at www.irs.gov/estimatedtaxes.

💡To learn more about how LAUZEN can support your small business success contact us at 630-393-0202 and ask for Julie or Tom.

Who must pay estimated taxes, how much to pay and when to pay them.

04/05/2026

Happy Easter from Lauzen Accounting! 🐰
Wishing our wonderful clients and dedicated staff a joyful day filled with family, peace, and chocolate.
Thank you for trusting us with your numbers all year!