Lgranov Tax LLC - Leon Granovsky, CPA

08/21/2026

One of my clients just received a letter from NYS requesting verification of charity contributions. My client has all the receipts.

Do you have all the receipts if asked to prove a deduction?

07/15/2026

🚨 Tax Alert: IRS Increases Mileage Rates Mid-Year for 2026! 🚨
Attention, business owners, freelancers, and independent contractors! The IRS has officially announced a mid-year increase to the standard mileage rates to help offset volatile fuel costs.

If you drive your personal vehicle for business, medical, or moving purposes, your miles are worth more for the second half of the year.

Here is how the rates break down for 2026:

🚗 BUSINESS MILEAGE
• Jan 1 – June 30: 72.5 cents/mile
• July 1 – Dec 31: 76.0 cents/mile

🩹 MEDICAL & MOVING MILEAGE
• Jan 1 – June 30: 20.5 cents/mile
• July 1 – Dec 31: 23.5 cents/mile

❤️ CHARITABLE MILEAGE
• Jan 1 – June 30: 14.0 cents/mile
• July 1 – Dec 31: 14.0 cents/mile

💡 Leon's CPA Tip:** To maximize your deductions, make sure your mileage logs clearly separate your trips taken *before* July 1st from those taken *on or after* July 1st. Keeping detailed, split records now ensures you get every penny you are owed come tax season!
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Need Help Maximizing Your Business Deductions?

Whether you are an established small business owner, a brand-new startup, or an expat navigating U.S. taxes, keeping track of moving targets like IRS rate shifts is what we do best.

Let’s make sure you aren't leaving money on the table.

* 📞 **Call us:** (201) 349-1234
* 🗓️ **Book an appointment:** Click the link https://calendly.com/lgranovtaxllc/30-minute-tax-consultation to book a 30-minute tax consultation

05/19/2026

Different Business Setups


The most common business structures include sole proprietorships, partnerships, C corporations, and S corporations. Limited liability companies, known as LLCs, are also widely used and are created under state law. Every option comes with different legal and tax considerations, so choosing the right structure involves weighing the protections and benefits each one offers.

The business entity you establish will determine which income tax return form you have to file. The differences can be both subtle and complex. Click through to compare ownership structures before making a decision for your firm.

04/26/2026

What are your chances of being audited now that the IRS is using AI? Jury is still out | CNN Business

Just looking at the raw numbers, less than 1% of filers have been audited by the IRS in recent tax years. Based on the latest data available, for example, in tax year 2021 the IRS pursued a mere 0.3% of filers overall.