Cuba Gave Tax Collectors the Keys to Your Bank Account: What Resolution 126/2026 Means for Your Business
Cuba's Resolution 126/2026 lets ONAT debit overdue tax debts from bank accounts — but only firm, notified debts with no appeal filed.
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Tax Compliance
Stay compliant with tax regulations and filing requirements
Ivory Coast's FNE E-Invoicing Mandate Is Now Universal: A Small Business and Freelancer Compliance Guide
Ivory Coast's FNE e-invoicing is mandatory for every VAT-registered business; invoices need DGI clearance, a QR code and a fiscal seal before you deliver them.
Laos Finally Raises Its Tax-Free Income Threshold: What Small Business Owners Should Know
Laos raised its monthly tax-free pay band to LAK 2.5 million from 1 July 2026 — re-run withholding, split out exempt overtime, and keep profit-tax records.
Form 1128, Explained: How to Change Your Business's Tax Year — Automatic vs. Ruling-Request Approval, the Business-Purpose Test, Short Tax Years, and the Filing Deadline for Asking
Form 1128 asks the IRS to approve your tax-year change: automatic approval is free and fast, while a ruling request costs a fee and takes months.
The LIFO Conformity Rule, Explained: Why Electing LIFO for Tax Means Using It on Your Financial Statements Too
Elect LIFO for tax and every owner and lender statement must use LIFO too — Section 472 lets the IRS terminate the election over one FIFO report.
SUTA Dumping, Explained: Why Shifting Payroll to a Low-Rate Entity Is Tax Evasion
SUTA dumping shifts payroll to a low-rate shell to dodge unemployment tax — the 2004 federal law answers with maximum rates, fines, and criminal charges.
The Required Tax Year, Explained: Why Your Partnership or S Corp Can't Just Pick December
Partnerships must use their majority owners' tax year; S corps must use the calendar year — unless a Section 444 election buys a fall year-end.
The S Corporation One-Class-of-Stock Rule: The Silent Election-Killer Hiding in Your Shareholder Agreement
Every S-corp share must carry identical distribution and liquidation rights — uneven payouts won't kill the election, but unequal rights in agreements will.
Form 1099-INT, Explained: What Every Box Reports and the $10 Threshold That Decides Whether You Get One
Form 1099-INT reports interest of $10 or more — Box 1 is taxable, Box 3 Treasury interest skips state tax, and the Box 2 penalty is deductible.
Market Discount and Bond Premium, Explained: How Buying a Bond Below or Above Par Changes Your Tax
IRS rules tax accreted market discount as ordinary income unless de minimis — while electing premium amortization shrinks your taxable coupon.
Patriot vs. OnPay vs. SurePayroll: The Cheapest Full-Service Payroll for a Micro-Business
Patriot is cheapest for most micro-business payrolls, but multi-state fees and year-end form bills can flip it — run your headcount before your IRS deposit.
Failure to File vs. Failure to Pay vs. Failure to Deposit: IRS Penalties at 5%, 0.5%, and Tiered Rates, Explained
IRS failure-to-file costs 5% a month vs. 0.5% for failure-to-pay — file even when you can't pay, then check first-time abatement.