FSA Open Enrollment: The $680 Carryover vs. the 2.5-Month Grace Period
IRS rules let your health FSA carry over $680 or offer a 2.5-month grace period — never both. The run-out deadline decides what you actually keep.
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Small Business
Financial management strategies and tools for small business owners
Fuel Costs Are Quietly Eating Your Margin: What Record Gas Prices Mean for Your Books
Small-business gas spend jumped nearly 31% in 2026. Track fuel per mile, split the 72.5¢/76¢ IRS mileage rate, and book fuel surcharges as revenue.
Illinois SB 3019: The 10% Targeted Digital Ad Tax and Your 2027 Ad Budget
Illinois taxes targeted-ad providers 10% on gross receipts from Jan 1, 2027; agencies and sellers face higher CPMs without filing the tax.
Liquidated Damages in Construction Contracts: Daily Rates, Caps, and Negotiation
Liquidated damages = daily rate × days late. Cap them at 5–10% of contract price, define excusable delays, and book them under ASC 606, not as expenses.
Luxembourg's 2026 Tax Package: The 20% Start-Up Credit, Higher Pension Bills, and the VAT Bar You Operate Under
Luxembourg's 2026 package adds a 20% start-up investor credit, lifts pension contributions to 8.5% each, and keeps the €50,000 VAT SME exemption.
Maldives' Tourism Tax Just Hit 17%: A Bookkeeping Wake-Up Call for Guesthouses and Small Tour Operators
Maldives TGST rose to 17% on 1 July 2025 and reaches foreign sellers on 1 Oct 2026 — how guesthouses keep TGST, Green Tax and MIRA 206 returns right.
Radon Mitigation Contractor Bookkeeping: Warranty Reserves, Retest Rules, and Job Costing That Survives an Audit
A radon contractor's pCi/L guarantee is a warranty liability — accrue it per install, split testing from mitigation revenue, and amortize licenses monthly.
Supper Club and Pop-Up Dinner Bookkeeping: Why Sold-Out Seats Can Still Lose Money
Pop-up dinner tickets are deferred revenue until the meal is served — book them as a liability, cost each event per cover, and never spend the float early.
Uniform and Linen Rental Bookkeeping: Amortize the Garment Fleet, Price by Route Density
Rental garments are fixed assets, not supplies: amortize them over 6–36 months, cost the plant per pound, and let route density set what the business sells for.
Vintage Clothing Reseller Bookkeeping: Why Your True COGS Is More Than the Thrift-Store Price
A thrift flip's true cost has five layers: price, prep, mileage, fees, shipping. Track them all, deduct only sold inventory, and reconcile 1099-Ks for the IRS.
Azerbaijan's 7-Year Tax Holiday Is Over: What the New Progressive Income Tax and 6% POS Rate Mean for Your Small Business
Azerbaijan's 0% payroll holiday ended January 1, 2026: private-sector wages now face 3–14% progressive tax, while caterers pay 6% on card sales.
The Bahamas Just Zero-Rated VAT on Unprepared Food: What Small Retailers Need to Reclassify
Bahamas VAT on unprepared food fell from 5% to 0% on April 1, 2026. Grocers must re-code SKUs into 0/5/10% buckets and keep claiming input tax.