#tax-compliance
Stay compliant with tax regulations and filing requirements
The March 2025 interim final rule exempted domestic reporting companies — foreign-registered entities must still report within 30 days, update within 30 of any change, at $591 per day for willful failure.
Staking, airdrops, and hard forks are ordinary income at fair value when you gain dominion and control — and every crypto-to-crypto swap is a sale with proceeds, basis, and gain.
From 1 July 2025, the ATO's General Interest Charge and Shortfall Interest Charge are no longer tax-deductible — even on old tax debts. With GIC around 11% compounding daily, the after-tax cost of ATO debt jumped from roughly 7–8% to full sticker price. Here's how the incurred-date rule works and what to do about existing debt.
280A(g) excludes 14 or fewer rental days — but the business deduction still needs business purpose and fair venue comps. Keep the agenda, sign-in, photos, and rate memo or the rent is recharacterized.
On June 24, 2026, the IRS Office of Professional Responsibility issued Alert 2026-19, its first guidance on AI under Circular 230. It requires human review of AI output, technological competence, secure handling of client data, written firm AI policies, and fees that reflect AI-driven time savings — here's what small business owners should ask their preparer.
Massachusetts rejected four major OBBBA federal tax breaks — immediate R&D expensing, 100% bonus depreciation on qualified production property, the $2.5M Section 179 limit, and the EBITDA-based interest cap — and set a September 10, 2026 deadline to file amended 2025 state returns without interest charges.
New Jersey's A5322 caps corporate net operating loss deductions at $1 million per year for privilege periods ending July 31, 2026 through July 31, 2030, with public utilities exempt, a six-year carryforward extension for disallowed losses, an estimated-tax penalty safe harbor, and an 80%-to-75% limitation phase-down through 2032.
Serbia's paušal flat-rate regime charges roughly 170,000 freelancers a fixed monthly tax — RSD 30,000–60,000 for most Belgrade IT contractors in 2026 — but crossing the 6,000,000 RSD annual turnover ceiling triggers full-profit taxation with no grace period. Here's how the 2026 decisions, the 10% year-over-year cap extended through 2027, and a simple multi-currency ledger fit together.
From April 6, 2026, HMRC can recover a UK umbrella company's unpaid PAYE and NICs directly from the recruitment agency — or the end client if no UK agency exists — with no reasonable-care defense. Here's who is in scope and the due diligence steps to take before the deadline.
Restaurant meals are back to 50% after the 2022 100% boost expired — the real test is whether each meal has amount, time, place, purpose, and business relationship plus your presence.
Bill C-15 makes bare trust reporting mandatory in Canada for tax years ending on or after December 31, 2026, with T3 and Schedule 15 filings due March 31, 2027. Covers which small-business arrangements count as bare trusts, the narrow $50,000/three-month exemption, and penalties up to 5% of trust property value.
Estonia added a 2% surcharge on board member fees (24% total) from January 2026 and now denies VAT numbers to e-Resident companies without real economic ties — while 0% corporate tax on retained profits remains. Here's what changes for Estonian OÜ owners.
