Streamlining Small Business Taxes: How AI Accounting Software Transforms Financial Management

Updated November 2026: we reviewed this article against current official sources. US: the One Big Beautiful Bill Act (July 4, 2025) made the higher standard deduction permanent. For 2026 it is $16,100 (single), $32,200 (married filing jointly) and $24,150 (head of household). Source: IRS. US: Form 1099-K is again required only when payments exceed $20,000 […]