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#tax-compliance

Tax Compliance

Stay compliant with tax regulations and filing requirements

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Chicago's Amusement Tax in 2026: What Venues, Streamers, and Ticket Sellers Must Collect

Chicago's amusement tax runs on three tracks in 2026 — 9% on live admissions, 10.25% on streaming and paid TV, 3% on registered ticket resales — plus a new 10.25% sports wagering tax and a $0.50 per-user monthly social media levy above 100,000 Chicago consumers. Here are the rates, the limits of the 1,500-seat exemption, the $100,000 remote-seller safe harbor, and the filing deadlines that trigger assessments.

mike

tax-compliancetaxsmall-business

China's New VAT Law Doubled the Small-Seller Exemption: What the RMB 1,000 Threshold Means for You

China's first VAT Law took effect January 1, 2026, doubling the per-transaction exemption for individuals to RMB 1,000 while keeping the RMB 100,000 monthly and RMB 300,000 quarterly thresholds — and forcing six categories of individual income to aggregate monthly instead. Here is how the thresholds work, why a supplier's VAT status can flip month to month, and what foreign-invested buyers should change in their contracts.

mike

vatinternational-taxtax-compliance

One Ticket, Two Tax Bills: Splitting Food From Admission at a Murder Mystery Dinner Theater

A bundled dinner theater ticket is two sales — a taxable meal and an admission many states exempt from sales tax but hit with a separate admissions or amusement levy. This guide covers the three state models (split the ticket, operator-as-consumer, tax the whole bundle), the complimentary-drink rules that tax comps at your cost, and a chart of accounts that keeps ticket, bar, and deferred revenue auditable.

mike

creative-industriesrestaurantsales-tax

Your Employees' Moving Expenses Are Never Deductible Again: OBBBA's Permanent Repeal and Your Relocation Policy

OBBBA Section 70113 permanently repealed the moving expense deduction and the tax-free employer reimbursement for tax years beginning after December 31, 2025 — every relocation dollar, including payments made directly to vendors, is now supplemental wages, with exceptions only for active-duty military PCS moves and intelligence community personnel.

mike

payrolltaxemployee-benefits

Section 129 and Section 127: Giving Employees $12,750 Tax-Free and Reporting It Right on the W-2

For 2026 the Section 129 dependent care exclusion rises from $5,000 to $7,500 and Section 127 student loan repayment becomes permanent, so an employer can move up to $12,750 per employee outside wages. This guide covers the written-plan and nondiscrimination rules, which W-2 boxes each benefit lands in — all dependent care in Box 10, excludable educational assistance nowhere — and the seven errors that turn a tax-free benefit into taxable wages.

mike

payrollemployee-benefitstax-compliance

Can You Sue Your Accountant for Malpractice? What You Must Prove Before Filing a Claim

Accountant malpractice claims require proving duty, breach, causation, and damages — and the math is narrower than most clients expect: penalties caused by the error are typically recoverable, interest often is not, and tax you legally owed almost never is. State deadlines run two to six years, and an engagement letter's liability cap may limit recovery to the fees you paid.

mike

legalliabilitycpa

Switching Payroll Providers Before January 1: The Migration, Tax-Deposit, and W-2 Checklist to Start in October

A January 1 payroll cutover is the cleanest one because a single provider owns all four Forms 941, the Form 940, and every W-2 — but it takes roughly twelve weeks of prep. This checklist covers the October-to-January timeline, the year-to-date and fringe-benefit data that must migrate, Form 8655 authorization and revocation, and the five handoff mistakes that generate IRS notices.

mike

payrolltax-compliancesmall-business

Trump Accounts for Employers: The $2,500 Exclusion, W-2 Box 12 Code TA, and a 5-Step Setup Checklist

Employers can contribute up to $2,500 per employee per year to a child's Trump Account tax-free and report it in W-2 Box 12 under the new Code TA, debuting on 2026 forms. This guide covers the written Section 128 plan, the per-employee (not per-child) cap, the $5,000 aggregate per-child limit, cafeteria-plan salary reductions for dependents only, Section 129-style nondiscrimination testing, and the payroll and account-verification controls that keep the benefit out of taxable wages.

mike

payrollemployee-benefitstax-compliance
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