#small-business
Financial management strategies and tools for small business owners
Armenia taxes small traders 10% of gross turnover and manufacturers 7%, and since September 2026 every invoice must precede the goods — the compliance playbook.
Business deposits above $250,000 per bank are uninsured. Split cash across banks, use ICS or CDARS sweeps, or hold T-bills to close the gap.
Earnouts pay out about 21 cents per promised dollar. Buyers book them at fair value under ASC 805; sellers report under IRS installment rules.
Freight-in and product packaging are COGS; freight-out, shipping boxes and delivery are selling expenses. Misfile them and gross margin can run 10+ points high.
Section 274(o) ended the employer meal deduction in 2026: cafeterias and convenience meals are 0% deductible, yet still tax-free to employees.
Event cancellation insurance repays sunk deposits and lost revenue when disaster strikes — but disease, weak sales, and late buys are excluded.
Omitting the FTC Holder Rule notice (16 CFR 433) from consumer credit contracts is the seller's violation — and buyers can assert your disputes against lenders.
Hawaii's Act 182 opens 7-year enterprise zone tax breaks — full GET exemption plus an 80% income tax credit — to retail, health care, and IT firms in-zone.
If an employee crashes their own car on a work errand, your business can be sued. HNOA covers that liability gap — what it covers, excludes and costs.
Homebase and 7shifts charge per location, When I Work per user — so headcount decides cost. 7shifts leads on POS labor forecasting and tip pooling.
Illinois waives all penalties and interest on 2021–2026 remote-seller sales tax paid at a flat 9% by October 31, 2026; after that, IDOR may assess 15%.
Under ASC 842, ending a lease early means derecognizing the ROU asset and lease liability and booking the difference — plus the fee — as a gain or loss.
