August Newsletter

Stay ahead with insights and updates ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

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Welcome to this month’s edition of our newsletter! Each month, we bring you the latest updates, insights, and resources to help you stay informed and ahead. From industry news and helpful tips to firm updates and announcements, here’s what’s new and noteworthy.

📽️ VIDEO: Preparing for an Audit? Start with Your PBC List

A well-organized Prepared by Client (PBC) list can make all the difference in keeping your audit on track. In this month's On the Money video, Audit Manager Jack Johnson shares practical tips for organizing audit requests, prioritizing key documents, and communicating with your audit team to help reduce delays and create a more efficient audit process.

Is Your Business on Track?

A midyear financial and tax checkup can help you evaluate performance, identify opportunities, and make adjustments before year-end. Learn how reviewing cash flow, updating forecasts, and proactive tax planning can help your business finish the year strong.

Making the Most of Trump Accounts

Trump Accounts may offer more than just a way to save for the future. Explore how Roth conversions, gift tax rules, and early planning could create valuable long-term tax benefits.Read more here.

IRS Mileage Rates Increased

The IRS has increased the optional standard mileage rates effective July 1, 2026.

If you use the standard mileage rate for business travel or mileage reimbursement, be sure you're applying the correct rate and maintaining accurate records. Read our latest blog for more details and what these changes could mean for you or your business.

Change a Payee. Change a Life. An Alabama Tax Credit Opportunity

Eligible taxpayers may be able to redirect Alabama income tax dollars to support student scholarships through the Alabama Opportunity Scholarship Fund and receive a state tax credit in return. With limited credits available, now may be the time to explore whether this opportunity fits your tax situation.

The Hidden Cyber Risks of Employee Turnover

When employees leave, cybersecurity risks can follow. In this article from Barracuda, learn how organizations can reduce insider threats by proactively managing access, protecting sensitive data, and preparing for employee transitions. Want to learn more about protecting your organization? Contact Wilkins Miller IT for guidance and support.

Welcome New Team Members

Help us welcome the newest members of our team: Margaret Radcliff (Senior Associate) and Destiny Pettway (Associate).