Slovenia's 2026 Normiranci Overhaul: What Freelancers and Sole Proprietors Need to Know
Slovenia's 2026 reforms lift normiranci ceilings to €150,000/€70,000 with new progressive tiers — what freelancers owe and the year-end moves to make.
#sole-proprietorship
Sole Proprietorship
Sole proprietorship accounting, tax filing, and financial management essentials
2026 IRS Mileage Rate Midyear Change: How to Split Your Deduction
The IRS raised the 2026 business mileage rate from 72.5 to 76 cents for miles driven from July 1 — date every log entry or you cannot prove the higher rate.
Botswana's 2026 Tax Overhaul: Digital-Services VAT, New Due Dates, and What Small Operators Must Do
Botswana charges 14% VAT on non-resident digital services from Oct 1, 2026, and reverse charge starts Aug 1. Thresholds, due dates and record rules explained.
Paraguay's IRE Simple Regime: How to Cap Your Business Tax at 3% in 2026
Paraguay's IRE Simple taxes sole proprietors at 3% of gross up to G. 2 billion; if your margin is under 30%, the 10% actual-profit option costs less.
Hiring Your Spouse: How a Bona Fide Salary Unlocks Retirement Savings, Health Coverage, and Bigger Deductions
A spouse on W-2 payroll can fund a second solo 401(k) and pretax health coverage — if the IRS sees real work, market pay, and payroll records.
South Korea's ₩104 Million Simplified-Taxpayer VAT Threshold: Who Qualifies in 2026
South Korean sole proprietors under ₩104 million in prior-year sales file VAT on the simplified track — two filings a year, and no payment under ₩48 million.
The Workers' Comp Ghost Policy: A COI With No Employees to Cover
A workers' comp ghost policy covers nobody — it buys the COI a general contractor demands for $750–$1,200 a year. Who qualifies, and what the audit checks.
Married and Running the Business Together? How the Qualified Joint Venture Election Splits Your Tax Filing in Two
A married couple co-owning an unincorporated business is taxed as a partnership by default, but the qualified joint venture election lets each spouse file a separate Schedule C and Schedule SE instead — no Form 1065, and both spouses earn Social Security credits. Both spouses must materially participate, and businesses held in an LLC or corporation cannot use it.
Denmark's Digital Bookkeeping Act Hits Sole Proprietors: The DKK 300,000 Test and Your Switch-Over Plan
From January 1, 2026, Danish sole proprietorships, partnerships, and associations with net turnover above DKK 300,000 in both 2024 and 2025 — roughly 118,000 businesses — must keep books in a compliant digital system with NemHandel/Peppol e-invoicing, tamper-evident five-year storage, weekly automated backups, and SAF-T export on demand. This guide covers the two-year turnover test, the five system requirements, the five mistakes that trigger enforcement, and a seven-step migration checklist.
Form 4868 for Sole Proprietors in 2026: More Time to File, Not More Time to Pay
Form 4868 gives a sole proprietor an automatic six-month extension to file Form 1040 and Schedule C — moving the 2025 return deadline from April 15 to October 15, 2026 — but the tax itself was still due in April. How to estimate total liability including self-employment tax, request the extension electronically or through a designated payment, and limit the 5%-per-month failure-to-file penalty.
The 23% QBI Deduction Explained: What the Small Business Tax Cut Act Could Mean for Your Pass-Through Income
H.R. 8415 would raise the Section 199A qualified business income deduction from 20% to 23% — an extra $3,000 of deduction on $100,000 of QBI, worth $660 to $960 in tax depending on your bracket. Here is how the deduction works in 2026 after OBBBA made it permanent, which W-2 wage and SSTB limits still apply, and how to keep books that support the number you claim.
Business Entity Comparison in 2026: Sole Prop vs. LLC vs. S-Corp vs. C-Corp — Liability, Tax, and the Conversion Costs You Pay Later
Sole prop is the default, LLC is the wrapper, S-corp saves SE tax above ~$80K but needs payroll, C-corp is the venture clock — and converting the wrong way can be a taxable liquidation.