#small-business
Financial management strategies and tools for small business owners
Washington, D.C.'s general sales tax rate rises from 6% to 7% on October 1, 2026, and the District taxes digital goods and SaaS at the full rate with no B2B exemption. This guide covers the delayed Budget Support Act increase, D.C.'s $100,000/200-transaction economic nexus thresholds, and a five-step compliance checklist for invoices that straddle the rate change.
The DOJ's May 2026 consent decree with Agri Stats sets concrete rules for lawful benchmarking — pricing data must average 45+ days old, output data 90+ days, reports must be quartile-aggregated and equally available to all buyers. Here's what the settlement means for any small business in a trade-association survey or industry pricing dashboard.
Generative AI made vendor impersonation cheap: 76% of organizations faced payments fraud in 2025, and AI-generated fakes now drive 70.8% of expense-report fraud. Here are the controls that still work — out-of-band verification, dual authorization, vendor-file hygiene, and auditable books.
Starting November 10, 2026, the BIS Affiliates Rule extends Entity List and MEU List restrictions to any company 50% or more owned by listed entities — aggregated across owners and traced through corporate layers. Here's what small exporters need to do about screening, Red Flag 29, and documentation before the stay ends.
How to set up the books for a boat detailing business — separate income accounts for each service tier (wash, polish, ceramic coating, oxidation restoration priced $10–$200 per foot), a 12-month cash flow forecast for a season that concentrates 80% of revenue into six months, and distinct tracking for recurring marina and yacht club contracts.
How buy-here-pay-here dealers should book installment notes receivable, separate unearned finance charges from vehicle-sale revenue, reserve for repossessions on portfolios where ~78% of loan volume is subprime, and structure a Related Finance Company that survives an IRS audit — plus why accrual accounting and year-of-sale gain recognition are mandatory for dealer inventory.
A federal judge blocked California's SB 343 "Truth in Recycling" law on July 14, 2026, pausing its October 4 recyclable-labeling deadline. Here's what the preliminary injunction does and doesn't change — the FTC Green Guides, SB 54, and UCL false-advertising risk still apply — and how small brands should handle compliance spending now.
The CLARITY Act cleared the House 294-134, but as of mid-July 2026 markets give it roughly 43% odds of passing the Senate before the August recess. Here's what the crypto market-structure bill means for businesses holding digital assets — and why FASB's ASU 2023-08 fair-value accounting rules already apply regardless of the vote.
Starting with tax years beginning January 1, 2027, Colorado's HB26-1289 makes worldwide combined reporting the default for unitary C corporation groups — foreign subsidiaries included. The water's-edge election that avoids it binds for ten consecutive years, and a tax-haven blacklist (Hong Kong, Ireland, the Netherlands, Singapore) pulls listed entities back in regardless. Here's who is affected and what records you need.
Cannabis got Section 280E relief when medical marijuana moved to Schedule III in April 2026, but Colorado's 34 licensed psilocybin healing centers are still fully subject to it. Here is how 280E limits deductions to COGS, why facilitator session labor is the contested cost category, and how to structure a chart of accounts, deferred revenue, and cash controls for a Schedule I business.
Colorado's retail delivery fee rose from $0.28 to $0.31 per transaction on July 1, 2026 — its fifth increase since 2022. Here's who must collect it, how the $500,000 small-seller exemption works, how to report it on Form DR 1786, and which states are considering similar fees.
ConnectOne Bank cut policy lookups from 20 minutes to 30 seconds and grew banker adoption 41% in 10 weeks after deploying AI agents built on nCino's platform across commercial lending. Here's what agentic underwriting means for small-business borrowers — why DSCR math, standard-format financial statements, and clean, auditable books now decide whether approval takes days or weeks.
