#tax-compliance
Tax Compliance
Stay compliant with tax regulations and filing requirements
Section 174 R&D Capitalization in 2026: Why Small Businesses Must Amortize Research Costs Over 5 Years and How OBBBA's Retroactive Fix Changes the Math
Since 2022 research costs must be capitalized over 5 years — software included — midpoint in year one. Track domestic vs foreign, build the amortization schedule, and be ready for OBBBA's retroactive expensing.
How Sports Card and Collectibles Reselling Is Taxed: The 28% Rate, Cost Basis, and the IRS's Three Buckets
Collectibles like sports cards are taxed at a maximum 28% long-term capital gains rate under IRC Section 408(m) — higher than the 15–20% most stock investors pay. Whether you owe that rate, ordinary income rates up to 37%, or can deduct grading and shipping fees depends on whether the IRS sees you as a hobbyist, investor, or dealer. Here's how the classification works, what belongs in your cost basis, and why a 1099-K doesn't change what you owe.
Bookkeeping for Affiliate Income: Amazon Associates, LTK, and ShareASale
Amazon Associates pays roughly 60 days in arrears, ShareASale and Impact pay per merchant program rather than as a single payer, and the 2026 1099-NEC threshold rose from $600 to $2,000 — so most affiliate income now arrives with no tax form at all, making a monthly earned-basis reconciliation the only reliable way to track what you actually owe.
Bhutan's New 5% GST: What Small Businesses and Foreign Sellers Need to Know
On January 1, 2026, Bhutan replaced its nine-rate sales tax (0%–100%) with a flat 5% GST. Registration is mandatory above Nu 5 million (~$58,000) annual turnover — and the rules explicitly cover non-resident SaaS and digital sellers, with a 30-day registration window and a reverse-charge carve-out for verified B2B sales.
Cannabis Schedule III Rescheduling: What 280E Tax Relief Actually Means for Your Dispensary
On April 22, 2026 the DOJ moved certain state-licensed medical marijuana products from Schedule I to Schedule III, ending Section 280E's ban on ordinary business deductions for qualifying operators — while recreational-only dispensaries remain fully subject to 280E's COGS-only tax treatment.
Colorado's New NICU Leave Benefit: What Small Employers Need to Know About FAMLI in 2026
Colorado's FAMLI program now offers up to 12 weeks of paid Neonatal Care Leave for NICU stays, separate from the existing 12 weeks of bonding leave, funded by a 2026 payroll premium of 0.88% of wages split between employer and employee for businesses with 10 or more workers.
Discord Server Subscriptions and the 1099-K: Why Your Tax Form Shows More Than You Were Paid
Discord issues 1099-Ks through Stripe reporting gross subscriber payments, not your net payout after the ~10% platform fee, Stripe processing, and app-store cuts. Here's how server owners reconcile the gap on Schedule C, what the restored $20,000/200-transaction federal threshold means for 2026, and the self-employment tax that applies either way.
The Free Lunch Is Officially Over: What OBBBA's 0% Meal Deduction Means for Your Business in 2026
Starting January 1, 2026, OBBBA's new IRC §274(o) cuts the employer deduction for on-site cafeterias, office snacks, and "convenience of the employer" meals from 50% (or 100%) to zero, while client meals, travel meals, and restaurant employee meals keep their old treatment. Here's the math on what the change costs and how small businesses should restructure their books.
FASB's New Environmental Credits Standard (ASU 2026-02): What Topic 818 Means for Carbon Credits, RECs, and RINs
FASB's ASU 2026-02 creates Topic 818, the first GAAP framework for environmental credits, splitting carbon offsets, RECs, and RINs into compliance, noncompliance, and voluntary categories with different measurement rules, effective for public companies in fiscal 2028 and private companies in fiscal 2029.
Florida SB 606: What Restaurants Must Disclose About Operations Charges in 2026
Florida's SB 606 (Section 509.214, effective July 1, 2026) requires restaurants to disclose any non-tax "operations charge" on menus, bills, receipts, and contracts in a font size at least as large as menu item descriptions, and to itemize gratuities, operations charges, and sales tax as separate line items on every receipt.
Hawaii Storm Tax Relief: What the August 20, 2026 IRS Deadline Covers — and the Earlier State Deadline It Doesn't
The IRS postponed tax deadlines to August 20, 2026 for Honolulu, Maui, and Kauai counties after the March 2026 Kona Low storms — but Hawaii's separate Form L-115 state relief closes July 20, and SBA loan deadlines fall on August 13, 2026 (physical damage) and January 7, 2027 (EIDL). Here's who qualifies, what's automatic, and the casualty-loss election that can accelerate a refund.
Independent Mobile Auto Detailing and Ceramic Coating Business Bookkeeping: Per-Job Pricing, Chemical Inventory, Van and Equipment, Warranty Deferred Revenue, and the KPIs That Hit 40–55%
Detailing margins live per job — price per ticket, cost chemicals per job, expense the van via Section 179/bonus, defer coating warranty revenue, and run on revenue per job and net margin after owner labor.