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.
#sole-proprietorship
Sole Proprietorship
Sole proprietorship accounting, tax filing, and financial management essentials
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.
Ryczałt vs. Skala Podatkowa: How Poland's Sole Proprietors Should Pick the Right Tax Regime in 2026
Poland's sole proprietors must pick between ryczałt (2–17% on revenue), skala podatkowa (12%/32% on income), and podatek liniowy (flat 19%) by February 20, 2026. This guide compares the 2026 rules — including the health contribution jump to a 100% minimum-wage assessment base — and shows which regime fits low-expense freelancers versus high-cost contractors.
Form T2125 in 2026: How Canadian Sole Proprietors File Business Income, CPP, and NETFILE Without Triggering a CRA Review
Form T2125 turns a Canadian sole proprietor's invoices and receipts into taxable net business income on the T1 return. For 2026, gig platforms report earnings directly to the CRA, self-employed CPP totals nearly $9,300 at the earnings ceiling, and the June 15 filing extension still leaves payment due April 30.
Ireland's Self-Employed Tax Guide for 2026: Form 11, Preliminary Tax, and the PRSI Rate Rise
Irish sole traders filing Form 11 in 2026 face a mid-year PRSI Class S rise from 4.2% to 4.35% on October 1, a €650 minimum PRSI charge, and the preliminary tax rule requiring 100% of prior-year or 90% of current-year liability by October 31 — with a ROS extension to mid-November for those who file and pay online.
Do You Need an ABN? The Sole Trader Tax Basics Every Australian Freelancer Should Know
Australian sole traders who invoice without an ABN lose 47% of each payment to mandatory withholding. This guide covers free same-day ABN registration, the $75,000 rolling 12-month GST threshold, quarterly BAS due dates, individual marginal tax rates for 2026-27, deductible super contributions, and the ATO's five-year record-keeping rule.
Freelancing in Switzerland: How Cantonal Taxes, AHV, and the CHF 100,000 VAT Line Actually Work
A Swiss freelancer's tax bill stacks federal (up to 11.5%), cantonal, and communal layers — roughly CHF 15,000–18,000 on CHF 100,000 of profit in Zug versus about CHF 28,000 in Geneva. This guide covers AHV self-employed status (three criteria, ~10% of net profit, CHF 2,300 registration threshold), the CHF 100,000 VAT and Commercial Register line, 8.1% standard VAT, Pillar 3a deductions up to CHF 36,288, and when a GmbH beats a sole proprietorship.