#compliance
Navigate regulatory compliance and maintain audit-ready financial records
Employer HSA contributions outside a Section 125 cafeteria plan must be identical across comparable employees, or the IRS imposes a 35% excise tax on the full contribution pool, not just the excess.
Prepaid lessons are deferred revenue — track per student, accrue fleet and brake reserves per hour, classify instructors on control not preference, and run on revenue per vehicle hour.
For 2025 tax year returns filed in 2026, the IRS charges partnerships and S-corps $255 per partner or shareholder per month for late Forms 1065 and 1120-S, plus $330 per late Schedule K-1, while a new automatic relief program forgives first-time penalties for taxpayers with three years of clean compliance history.
On July 1, 2026, Connecticut lowered its privacy law threshold to 35,000 residents, Arkansas banned targeted ads to minors under ACTOPPA, and Utah added a data correction right, pulling more small businesses into scope than ever before.
New Jersey's Family Leave Act expands July 17, 2026, lowering the employer threshold from 30 to 15 workers and cutting eligibility to 3 months and 250 hours worked, extending job-protected leave to roughly 400,000 more employees.
Under ASC 958-605, a nonprofit recognizes contributed services at fair value only when the work created or enhanced a nonfinancial asset, or required a specialized skill the organization would otherwise have paid for and the volunteer actually holds that credential — general volunteer hours, however valuable, stay off the books and out of Form 990.
Since ASU 2016-14, every nonprofit filing a full Form 990 must allocate expenses across program, management and general, and fundraising using a reasonable, consistent methodology — here's how time studies, square footage, and headcount allocation actually work, and the five mistakes that draw auditor scrutiny.
More than 30 states now let prosecutors combine multiple small thefts into one felony charge under aggregation laws, making dated incident logs and police reports essential for both prosecution and the IRC §165 business theft-loss tax deduction.
The IRS treats crypto wages as property valued at fair market value on the date of receipt — fully subject to income tax withholding, FICA, and FUTA, and reported on Form W-2. Here's how to value payments defensibly, avoid state minimum-wage violations, and prepare for Form 1099-DA cross-referencing in 2026.
Utah, Tennessee, Alabama, Georgia, and West Virginia have passed portable benefits laws letting businesses fund contractor health, retirement, or PTO accounts without that contribution counting as evidence of misclassification under state law — but the safe harbor is state-only and doesn't touch federal IRS or DOL tests.
Utah, Alabama, Tennessee, Georgia, and West Virginia now let businesses contribute to an independent contractor's portable benefit account without that contribution counting as evidence of employment. How the state safe harbors work, what Utah's 50% tax credit (up to $2,000 per contractor) covers, and how to track contributions in your books.
San Francisco's Commercial Vacancy Tax charges $250 to $1,000 per linear foot of street frontage for ground-floor storefronts vacant more than 182 days a year in named neighborhood commercial districts. Every owner and tenant of a covered space must file an annual return even if fully occupied — and the separate $1,850 DBI vacant storefront registration is a second obligation entirely.
