Small Business
Alabama's 2% state grocery tax came back on July 1
A two-month suspension under Act 2026-604 expired, and retailers resumed collecting the state rate on SNAP-eligible food.
Owners
Small Business
Small Business
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Tax
IRS adds digital notices and EIN letters to Business Tax Account
The summer 2026 update lets business users download CP575 EIN verification and pay toward an offer in compromise.
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Small Business · Taxes
IRS says a conditional deficit restoration promise buys a partner no basis
Chief Counsel Advice 202628009 holds that an obligation the general partner can choose not to call is not a payment obligation.
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Small Business · Taxes
ERC refund suit survives without pleading the specific shutdown order
A Mississippi federal court let a $5.4m employee retention credit refund claim proceed but dismissed the declaratory judgment count.
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Small Business · Taxes
Groups with local chapters must file a new IRS form each year, by fax
Form 15644 replaces the old supplemental group ruling submission. It is due 30 to 90 days before the year closes.
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Small Business · Taxes
Importers have been paid about $71bn in tariff refunds, with an appeal still running
CBP has wired roughly $71 billion including interest through its CAPE system since the Supreme Court voided the IEEPA tariffs.
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Tax
IRS to grant penalty relief automatically to compliant taxpayers
The IRS will abate three common penalties without a request from taxpayers who have three clean years behind them.
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Tax
IRS raises business mileage rate to 76 cents for the second half of 2026
The business standard mileage rate rises to 76 cents from 72.5 cents for travel on or after July 1.
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Small Business · Operations
Minimum wages rose July 1 in Alaska, Oregon and the District of Columbia
Alaska went to $14.00 from $13.00, DC to $18.40 from $17.95, and Oregon reset its three regional tiers.
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Small Business · Financing
Marginal well gas credit is set at 81 cents per Mcf for 2026
Notice 2026-42 puts the section 45I reference price at $2.20 per 1,000 cubic feet for tax years beginning in 2026.
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Accounting
Missouri opens a bachelor's degree route to CPA licensure
Senate Bill 1233 adds a bachelor's plus two years of experience path to licensure, effective August 28.
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Small Business · Financing
SBA borrowers can now stack 7(a) and 504 loans to $10 million
Effective July 4, the cumulative ceiling across the two programs doubled from $5 million to $10 million.
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Small Business · Growth
Small business optimism rose to 97.4 in June, a four-month high
The NFIB index gained 2.1 points from 95.3 in May. Inflation is now the top problem for 21 percent of owners.
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Small Business · Taxes
Two rubbers join the Superfund excise tax list on October 1
Notice 2026-43 adds two synthetic rubbers to the section 4672 list at $9.46 and $9.64 a ton for importers.
Nothing filed under that subtopic yet.