#tax-compliance
Tax Compliance
Stay compliant with tax regulations and filing requirements
Kentucky Drops the 200-Transaction Sales Tax Rule: What the Revenue-Only Nexus Threshold Means for Online Sellers
Kentucky HB 757 eliminates the state's 200-transaction economic nexus threshold effective August 1, 2026, leaving a $100,000 revenue-only test — joining Alaska, Utah, and Illinois in a broader multi-state shift away from transaction-count triggers.
Maine's 2026 Streaming Tax: What Netflix, Spotify, and Podcast Sellers Must Collect
Maine now applies its 5.5% sales tax to streaming video, music, audiobook, and podcast subscriptions as of January 1, 2026, with economic nexus triggered at $100,000 in revenue from Maine customers.
Maryland and Washington Now Tax B2B Tech Services: What Sellers Owe in 2026
Maryland's 3% tech-services tax (effective July 1, 2025) and Washington's ESSB 5814 (effective October 1, 2025) made IT consulting, custom software, data processing, and digital advertising taxable — even for out-of-state sellers past economic nexus thresholds. Here's what's taxable, the contract-renewal trap, and a compliance checklist.
The OBBBA's Gambling Loss Cap Means You Can Owe Tax on Money You Never Actually Won
Starting in tax year 2026, the OBBBA caps gambling loss deductions at 90% of winnings, meaning gamblers and gaming-adjacent businesses can owe tax on breakeven or even losing years, prompting three bipartisan repeal bills in Congress.
Temporary Sales Tax Permits for Pop-Up Shops and Holiday Markets: What Vendors Need Before the First Sale
Nearly every state requires sales tax registration before your first pop-up or holiday market sale, but the mechanism varies — California issues a free temporary seller's permit, New York demands a full Certificate of Authority, and Utah licenses each event separately. A state-by-state breakdown, the five mistakes that cost vendors money, and a pre-event compliance checklist.
Sneaker Resale Bookkeeping: Cost Basis, Cop-and-Flip Inventory Tracking, and Why StockX/GOAT 1099-Ks Rarely Match Your Actual Profit
A 1099-K from StockX or GOAT reports gross payments, not profit. Here's how sneaker resellers track per-pair cost basis, apply FIFO to cop-and-flip inventory, deduct platform fees that run 10-12% per sale, and meet the restored $20,000/200-transaction reporting threshold with clean books.
Bitcoin Mining Bookkeeping: Why Every Mining Pool Payout Is Its Own Taxable Event
Under IRS Notice 2014-21, every mining pool payout is ordinary income at its fair market value on receipt — a daily-payout pool creates ~365 taxable events a year before you sell anything. This guide covers hobby vs. Schedule C classification, 15.3% self-employment tax, Section 179 vs. 100% bonus depreciation for ASICs, the 2026 per-wallet cost-basis rule, Form 1099-DA reconciliation, and the per-lot records mining books need to survive an audit.
Canada Killed the Underused Housing Tax. If You Own Property There, Your Paperwork Isn't Done Yet.
Canada repealed the federal Underused Housing Tax for 2025 onward on March 26, 2026, but the repeal is not retroactive — US owners of Canadian property still owe UHT returns, penalties, and interest for 2022–2024, and BC's Speculation and Vacancy Tax, Vancouver's Empty Homes Tax, and Toronto's Vacant Home Tax remain in force.
Esports Organization Bookkeeping: Prize Pools, Sponsorships, and the New 1099 Threshold
Esports organizations must separate prize revenue from player distributions, recognize sponsorship revenue under ASC 606 as obligations are delivered, and track the 2026 rise of the Form 1099-NEC/MISC filing threshold from $600 to $2,000 per payee.
HMRC Just Got the Legal Right to Inspect Your Cloud-Hosted Records: What the UK's Modernized Section 114 Powers Mean for Digital Bookkeeping
Draft Finance Bill 2026-27 clauses published on L-Day (July 13, 2026) modernize HMRC's Schedule 36 inspection powers to explicitly cover cloud-hosted accounting records, with consultation open until September 7, 2026. Here's how the change interacts with Making Tax Digital and what UK small businesses should do now.
Independent U-Pick Farm and Agritourism Bookkeeping: Schedule F vs Schedule C, Multi-Enterprise Tracking, Sales Tax, Weather Reserves, and the KPIs That Make a Season Pay
U-pick berries are farm income, admissions and donuts are not — split Schedule F and C, track per-enterprise contribution, tax admissions and prepared food, reconcile Square, and run on revenue per acre and per visitor.
Canada GST/HST for Cross-Border Sellers: The CA$30,000 Worldwide Threshold
Canada's GST/HST small-supplier exemption is based on worldwide taxable sales, not Canadian-only revenue, so a US seller with zero Canadian sales can already owe registration once global sales pass CA$30,000 in a quarter or over four trailing quarters.