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?
UPDATED 4/2/2025: The initial timeframe for completing required FVT/GE debt reporting and reviewing Completers Lists concluded on January 15, 2025. The Department of Education subsequently reopened the reporting process, extending the deadline for debt reporting to February 18, 2025. Following that, the Department of Education has extended the deadline again. The current deadline for institutional…
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