McSwain & Company, PS
Extending Daylight Hours, Protecting Cultural Livelihoods and Making Local Banking Easier
August 1, 2026 · Blog, Congress at Work, Uncategorized
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These articles provide general information on tax, accounting, and financial topics for small businesses and individuals. They are educational in nature and are not specific legal, accounting, financial, tax, or other professional advice, and should not be relied upon as such. This content was prepared by Service2Client and may have been reviewed or edited by the website owner for accuracy and compliance. Look for a trust mark below for verification details. No representation is made that any approach described will achieve a particular result, and no regulatory or professional body has reviewed or endorsed this content. Because each situation is different, readers should consult a qualified professional about their specific circumstances before acting. Images accompanying these articles are protected by copyright and may not be copied or reused.
August 1, 2026
Published by Service2Client on August 1, 2026
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Sunshine Protection Act of 2025 (HR 139) – The purpose of this legislation is to make daylight savings time (DST) permanent for most of the country. States…
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August 1, 2026
Published by Service2Client on August 1, 2026
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For two decades, enterprise software has been built around a simple assumption: people log into multiple applications to retrieve information, make decisions and complete work. A CRM, a project tracker, a business intelligence…
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August 1, 2026
Published by Service2Client on August 1, 2026
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Surprising at it may seem, Q4 is at your doorstep, knocking and asking for attention. What’s more, it’s that time of year when everything starts getting busy: kids go back to school, football starts…
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August 1, 2026
Published by Service2Client on August 1, 2026
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No matter how well you know someone, you usually learn a lot more once you’ve traveled with them. We are all different in this activity, from people who prefer aisle seats over window seats, to Airbnb renters or hotel…
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August 1, 2026
Published by Service2Client on August 1, 2026
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With more than $57 trillion in mergers and acquisitions, according to the Institute for Mergers, Acquisitions & Alliances, understanding…
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August 1, 2026
Published by Service2Client on August 1, 2026
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For the first time since 2022, the IRS is changing standard mileage rates in the middle of the tax year. If you track business, medical or moving miles, this matters. Starting July 1, 2026, the numbers go up, and your recordkeeping needs…
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July 1, 2026
Published by Service2Client on July 1, 2026
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Supreme Court Will Decide What Homeowners Are Owed When Tax Sale Erases Equity
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July 1, 2026
Published by Service2Client on July 1, 2026
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Securing Funding for Border Patrol, Homeland Security and Small Businesses
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July 1, 2026
Published by Service2Client on July 1, 2026
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24B Records Leak, Beyond Passwords
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July 1, 2026
July 1, 2026
Published by Service2Client on July 1, 2026
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Tips for Early Retirement Planning
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July 1, 2026
June 1, 2026
Published by Service2Client on June 1, 2026
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Summer’s here, school’s out and vacations are ahead. That’s why now might be the perfect opportunity to carve out some time to make some positive changes in your…
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June 1, 2026
Published by Service2Client on June 1, 2026
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Horizontal Analysis provides businesses a method to examine financial statement entries by looking at the documents’ number for a specific accounting time frame compared to the same length of a historical period for the same accounting line item…
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May 1, 2026
Published by Service2Client on May 1, 2026
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🖨 Print⏱ 4 min readSafeguard American Voter Eligibility Act (S 1383) – Also known as the SAVE America Act, this bill passed in the House on Feb. 11 but stalled in the Senate due to the Democrat filibuster. The bill would require states to verify documentary proof of citizenship and current residential address when Americans apply for federal voter registration. The easiest documentation would be a birth certificate or passport that confirms their current legal name (most women change their last name after marriage, so they require additional documentation, such as a marriage certificate). However, research from the Bipartisan Policy Center found that nearly 1 in 10 registered voters do not have access to their birth certificate, and 52 percent […]
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May 1, 2026
Published by Service2Client on May 1, 2026
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🖨 Print⏱ 4 min readBusinesses are moving beyond basic automation into a new era of intelligent, self-directed systems. While automation helps with streamlining repetitive tasks, agentic AI workflows enable systems to make decisions, take action, and continuously improve with minimal human oversight. Most businesses adopting agentic AI have no structured way to prove it is working. Although they can feel the difference, they can’t measure it. Without measurement, return on investment (ROI) conversations stall, budgets get cut, and genuinely transformative tools get shelved. What Makes Agentic AI Workflows Different Agentic AI workflows are designed to operate with a degree of independence. Unlike traditional automation, which follows predefined rules, agentic systems are goal-oriented. Once given an objective, they plan, execute, adjust, […]
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May 1, 2026
Published by Service2Client on May 1, 2026
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🖨 Print⏱ 3 min readIt might be hard to believe, but yes, it’s almost the middle of the year and the perfect time to take a look at how you’re doing financially: are you fiscally fit or do you need a few adjustments? Whether it’s saving more, paying down debt, or prepping for retirement, you still have time to effect change. Here are a few ways to get started. Review Your 2026 Financial Goals Kind of a no-brainer, but ask yourself: Have I saved as much as I planned? How’s my progress at paying off debt? Have my priorities changed since the new year? In addition to these things, other important goals might include building your emergency fund (broken dishwasher, […]
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May 1, 2026
Published by Service2Client on May 1, 2026
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🖨 Print⏱ 4 min readIf the IRS sends notice that you’re being audited, you’re likely to become anxious. However, not all audits mean you did something wrong. In most cases, it is simply a matter of verifying information on a tax return or perhaps correcting a minor error. Knowing what to expect – and how to respond – can help alleviate stress and make the audit more manageable. An IRS audit (also referred to as an examination) is a review of your records to confirm that the information on your tax return was reported accurately and follows tax law. The best way to prepare for an audit is to respond on time, present organized and complete records, be cooperative, and communicate […]
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May 1, 2026
Published by Service2Client on May 1, 2026
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🖨 Print⏱ 3 min readWhen it comes to raw materials, especially for fossil fuels, it’s essential to evaluate existing and potential production capabilities for such companies. Using the EV/2P Ratio is a powerful tool when evaluating fossil fuel-related companies. Defining the Ratio This ratio is calculated by dividing a business’ enterprise value into the company’s reserves. It provides financial analysts, investors and internal business stakeholders with a snapshot of a company’s reserves and the business’ likelihood of preserving operation growth. This standardizes valuations, thereby allowing analysts to compare company-to-company financials. How to Calculate EV/2P Enterprise Value (EV) / Total 2P Reserves Defined as: Enterprise Value = Equity (open market price) + Debt (open market price) – Cash and Cash Equivalents […]
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May 1, 2026
Published by Service2Client on May 1, 2026
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🖨 Print⏱ 4 min read Artificial intelligence is driving an unprecedented surge in data center construction. Developers, private equity sponsors and their tax advisors are navigating a complicated web of questions that touch everything from ownership structure to site selection to power sourcing. Get the early decisions wrong and the tax consequences can follow a project for years. Why REITs Have Become the Structure of Choice Private equity has increasingly turned to real estate investment trusts when backing data center projects. Structure a REIT correctly, and you sidestep corporate-level taxation entirely. Foreign investors get an even better deal. Sovereign wealth funds and foreign pension funds can participate without any obligation to file U.S. tax returns. Data centers, with their heavy […]
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