The standard business mileage rate increased in 2025
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile for business has also gone up. The IRS recently announced that the 2025 cents-per-mile rate for the business use of a car, van, pickup…
Read ArticleWhy Your Beauty Business Needs an Accountant: More Than Just Bookkeeping
At Lightheart, Sanders, and Associates, we understand that running a beauty salon, spa, or cosmetology school is about more than just creativity and artistry—it’s about financial success, stability, and growth. While you’re busy transforming clients with stunning hairstyles, glowing skin, and flawless makeup, managing your finances can quickly become overwhelming. That’s where we come in—not…
Read ArticleFVT-GE Reporting: Where Do We Stand?
The uncertainty surrounding the Financial Value Transparency and Gainful Employment (FVT-GE) reporting requirement continues. The original reporting deadline of January 15, 2025, has passed, yet institutions remain in limbo as the Department of Education (ED) has not issued further guidance on extensions or changes. Whether due to an oversight or deliberate delay, this silence leaves…
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