We get it, tax season can feel like a tornado of deadlines, forms, and fine print. But it doesn’t have to.

Here’s what small business owners and nonprofit leaders need to know heading into 2026 plus a quick checklist to keep it all under control.

Key Tax Changes for 2026

Some IRS updates could impact how you file this year. Here’s what’s new:

• Standard deductions are up. Thanks to inflation adjustments, you may see a little more breathing room.
  
  
• Mileage rates have changed. If your team drives for business, make sure your reimbursement rates are current.
  
  
• New and expanded tax credits. Energy-efficient improvements? R&D updates? There’s more on the table this year.
  
  
• 1099-K thresholds are shifting (again). Payment app income may trigger a form if you hit $5,000 in transactions down from last year’s $20K.
  
  

If You Operate in Wisconsin (or Anywhere Else)

State tax codes are always a moving target. In Wisconsin, we’re seeing:

• Adjusted deduction rules for pass-throughs (like S corps and partnerships)
  
  
• More attention to charitable contribution deductions
  
  
• Tighter timelines for compliance documentation
  
  

And if you operate across multiple states? We help clients sort through the messy web of multi-state compliance, so nothing slips through the cracks.

Your Tax Season Checklist

Stay ahead of the curve with this quick list:

• Reconcile books and confirm year-end totals
  
  
• Gather W-2s, 1099s, and payroll reports
  
  
• Confirm employee classifications (W-2 vs. 1099)
  
  
• Check for last-minute deductions or credits
  
  
• File or extend by April 15, 2026
  
  

Final Tip: Don’t Wait

The earlier you prep, the more options you have. Whether you’re running a nonprofit, a clinic, or a growing agency, tax season doesn’t have to be overwhelming.

Need help making a game plan?
We’ll walk you through it, line by line. Let’s schedule a quick call.