RCM Consulting LLC

07/15/2026

🚗 BIG NEWS FOR BUSINESS OWNERS: The IRS just announced a mid-year mileage rate hike! 📈

If you or your employees drive for business, it's time to update your expense tracking. Starting July 1, 2026, the IRS standard business mileage rate has increased to $0.76 per mile (up from 72.5 cents during the first half of the year).

This rare mid-year adjustment is a direct response to rising fuel costs, helping you offset the real-world price of keeping your business moving.

Here is the quick breakdown of the new rates for the second half of 2026:

Business Miles $0.76 / mile
Medical & Moving Miles $0.235 / mile
Charitable Miles (Statutory) $0.14 / mile
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💡 What This Means For Your Business:
1. Split Your 2026 Records: When calculating your write-offs or reimbursements, make sure to separate your mileage into two buckets: travel before July 1, and travel on or after July 1.
2. Update Your Systems: If you use expense software like QuickBooks Online or specialized tracking apps, double-check that your mileage rate updates automatically or manually adjust it to reflect the new $0.76 rate.
3. Review Employee Reimbursement Policies: Make sure your team is aligned with the new benchmark to keep reimbursements fair and tax-free under an accountable plan.

Don't leave tax-free money on the table. Make sure your logs are up to date!

Send a message to learn more

07/05/2026

More revenue is great news, but it could also mean a larger tax bill.

If your income has increased, you will need to:

- Updating your estimated tax payments

- Reviewing whether your business structure is still the best fit

- Planning equipment or software purchases

- Maximizing retirement and HSA contributions if eligible

The sooner you plan, the more opportunities you may have to reduce surprises at tax time.

07/04/2026

This year marks the 250th anniversary of the United States, honoring the courage, vision, and determination that helped shape our nation.

Today we celebrate freedom, opportunity, and the hard work that helps build strong communities and businesses.

We hope you enjoy some well-deserved time to relax and celebrate.

07/03/2026

Even if you don't own a business, there are simple ways you can support small businesses like ours.

- Like and comment on our posts

- Share our content

- Refer friends, family, or colleagues who may need our services

Know a business owner who needs help with bookkeeping, accounting or payroll?

Tag them below or share our page with them!

07/02/2026

The two are more connected than you might think.

A personal budget can help you:
- Understand how much you need to pay yourself
- Plan for tax payments
- Know when you can reinvest profits back into your business
- Prepare for slow months in business
- Make better financial decisions

Your business budget matters.

But your personal budget matters too.

07/01/2026

We're officially halfway through the year! 🎉

Please note that July is a reset month for RCM Consulting LLC. We will be participating in several industry conferences to bring back the best insights for your business, which will result in limited availability.

Our office will be completely closed the week of July 20th to allow our staff time to recharge. If you have any urgent tax or consulting needs, please reach out to us early so we can get you taken care of before the closure! ☀️

06/30/2026

If this sounds like you, we would love to work together

Send us a message or comment below for more details.

06/29/2026

Just because you traveled does not automatically mean the entire trip is tax deductible!

Business travel must have a clear business purpose to qualify for deductions.

Keep records for flights, hotels, mileage, parking, tolls, meals, and other business related expenses. Save receipts, mileage logs, and document who you met with and the purpose of the trip.

If your travel includes both personal and business activities, only the business related portion may qualify.

Have questions about business travel deductions? Comment below!

And follow for more tax tips!

06/26/2026

Poor bookkeeping and missing documentation.

A lot of deductions are missed because:

- Expenses were never tracked
- Receipts were lost
- Personal and business purchases were mixed together
- Transactions were categorized incorrectly
- Books were never reviewed properly

Good bookkeeping is not just about staying organized, it helps you identify tax deductions and prepare for tax season more accurately.

06/25/2026

You worked hard for that profit. Now let’s put it to work!