🚨 2026 TAX UPDATES BUSINESS OWNERS NEED TO KNOW

ShowUp & ShowOut Cashflows (SU&SO) · 2026-07-16T13:51:37.080Z

@everyone We are halfway through the year, and several tax thresholds and limits have changed. The biggest reminder? One year. Two business mileage rates. Business mileage increased from 72.5¢ per mile to 76¢ per mile beginning July 1, which means your mileage must be separated correctly. There are also updates involving: ✅ 1099 reporting thresholds ✅ Payment-app and 1099-K income ✅ Social Security wage limits ✅ Retirement contribution limits ✅ Standard deductions Do not wait until tax season to start sorting through deposits, receipts, mileage, payroll, and contractor payments. TaxFlow Network™ offers year-round tax cleanup, preparation, and strategy for individuals and businesses.

🚨 2026 TAX UPDATES BUSINESS OWNERS NEED TO KNOW

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