#compliance
Compliance
Navigate regulatory compliance and maintain audit-ready financial records
Illinois Excludes 401(k) Employer Matches From Unemployment Insurance Wages Starting July 1, 2026
Illinois excludes employer 401(k) matching contributions from state unemployment insurance (SUI) taxable wages for contributions made after June 30, 2026, under an amendment to 56 Ill. Adm. Code 2730.155; employee deferrals remain taxable, and the change aligns Illinois with existing federal FUTA treatment.
Illinois' New NICU Leave Law: What Employers Need to Know Before June 2026
Illinois' Family Neonatal Intensive Care Leave Act takes effect June 1, 2026, requiring employers with 16 or more employees to provide 10 to 20 days of unpaid, job-protected leave for children hospitalized in a NICU, with civil penalties up to $5,000 per affected employee.
IRS Business Tax Account Expands to Partnerships, Nonprofits, and Government Entities
On April 6, 2026, the IRS opened its free Business Tax Account portal to partnerships, tax-exempt organizations, and government entities, letting a designated official view balances, download an EIN verification notice, and make payments online instead of mailing paper forms.
Manufactured Housing Community Bookkeeping: Lot Rent, RUBS Compliance, and the TOH/POH Split
Manufactured housing operators need separate TOH and POH accounts, itemized utility line items, and dedicated infrastructure capex tracking, since RUBS billing bans in Minnesota and Colorado are already reshaping how utility cost recovery must be documented in 2026.
Meadery Bookkeeping: TTB Formula Approval and Wine Excise Tax Explained
Meaderies are classified as bonded wine premises under 27 CFR Part 24, file TTB Form 5000.24, and owe wine excise tax of $1.07 per gallon up to 16% ABV — reduced to roughly $0.07 per gallon on the first 30,000 gallons under the CBMA small producer credit.
New York's New Buy Now, Pay Later Rules: What Merchants Offering Installment Checkout Need to Know
New York's NYDFS has proposed the first state BNPL licensing framework, requiring lenders to obtain a license and merchants to transmit refund credit statements within seven business days of approving a return.
No Tax on Overtime in 2026: What the New W-2 Box 12 Code TT Requirement Means for Employers
Starting with tax year 2026, employers must separately report qualified overtime compensation on Form W-2 using Box 12, Code TT — but only the FLSA-required premium half of overtime pay qualifies, capped at $12,500 for single filers and $25,000 for joint filers.
OSHA's Heat Illness NEP: What Small Employers Must Do in 2026
OSHA's April 2026 National Emphasis Program targets 55 high-risk industries for heat-illness inspections, with citations starting at $16,550 per violation — here's the written plan, acclimatization schedule, and state rules small employers need to stay compliant.
RIA Bookkeeping for Fee-Only Financial Advisors: Reconciling AUM Fee Revenue With Your Custodian
Fee-only RIAs that bill AUM fees in advance must track accrued, billed, and collected revenue as three distinct events, since SEC Rule 206(4)-2 treats direct fee deduction from custodian accounts as a form of custody requiring itemized invoices and five-year recordkeeping under Rule 204-2.
Short-Term Rental Trust Accounting: The Booking-Fee Rules That Can Cost a Property Manager Their License
Property managers who commingle short-term rental trust funds with operating cash face fines from $1,000 to $25,000 per violation and, in states like California, license suspension once commingled amounts exceed $10,000.
Short-Term Rental Registration in 2026: What Airbnb and Vrbo Hosts Must Do to Stay Compliant
City ordinances now require Airbnb and Vrbo hosts to register short-term rentals, display license numbers, and remit occupancy tax, with per-day fines reaching $2,000 in cities like Los Angeles and $484 in San Francisco for lapsed certificates.
Translation and Medical Transcription Bookkeeping: Per-Word Billing, 1099 Risk, and HIPAA Recordkeeping
How translation agencies and medical transcription services can cost freelance linguist payables against per-word client billing, avoid 1099 vs. W-2 misclassification risk, and meet HIPAA business associate recordkeeping requirements.