#tax-compliance
Stay compliant with tax regulations and filing requirements
SECURE 2.0 requires new 401(k) and 403(b) plans established after December 29, 2022 to adopt an Eligible Automatic Contribution Arrangement with a 3% default deferral, 1% annual escalation up to a 10–15% cap, QDIA investment, and 90-day permissible withdrawal — with plan document amendments due by December 31, 2026.
A configuration and compliance guide for payroll teams on the new 2026 W-2 Box 12 Code TT (qualified overtime premium) and Code TP (qualified tips), the Box 14b Treasury Tipped Occupation Code (TTOC), the redesigned Step 4(b) on Form W-4, and the OBBBA 2025–2028 sunset window for the No Tax on Tips and No Tax on Overtime federal income tax deductions.
A 2026 walkthrough of W-9 collection, IRS e-Services TIN matching, the 24 percent backup withholding trigger, CP2100 B-Notice timelines, Section 6721 penalty defense, and W-8BEN handling for small businesses paying contractors.
A practical bookkeeping playbook for solo and two-to-five-truck handyman operators — ASC 606 treatment of time-and-materials and flat-rate work, state licensing dollar thresholds, W-2 vs 1099 subcontractor exposure under the 2024 DOL rule and state ABC tests, Section 179 and de minimis safe harbor for trucks and tools, and the four KPIs that show whether the schedule is profitable.
How an independent vape retailer should structure books to handle PMTA enforcement risk, monthly PACT Act filings, multistate tobacco excise stamps, ASC 606 revenue streams, Section 179 build-out deductions, flavor-ban inventory write-downs, and battery-fire product-liability exposure.
How disciplined cannabis dispensaries build books that survive Section 280E—segregating COGS from disallowed expenses, applying the Section 471(c) small-taxpayer carve-out, reconciling METRC to the POS to the general ledger daily, handling FinCEN BSA cash-banking and Form 8300 reporting, and reporting the sales-per-square-foot and basket-size KPIs MSO lenders read.
A 2026 walkthrough of Form 5471 after the One Big Beautiful Bill Act — QBAI is repealed, GILTI becomes NCTI, the Section 250 deduction drops to 40%, the FTC haircut tightens to 10%, and the pro rata share rule moves to daily ownership. Covers all five filer categories, Schedules J/M/P/Q, Form 8992 and 1118 coordination, Section 989 currency translation, and $10,000-per-CFC penalties.
How independent tutoring centers and test-prep businesses should book prepaid packages as deferred revenue under ASC 606, reserve for score-guarantee refunds, age school-district IEP receivables, and classify tutors as W-2 or 1099 under the 2024 DOL final rule.
How wine and spirits importers and beverage distributors build defensible books—segregating bonded vs. tax-paid inventory, accruing CBMA excise tax refunds under ASC 450, remeasuring foreign-currency payables under ASC 830, reconciling TTB Form 5000.24 to the general ledger, and tracking the cases-per-rep, depletion rate, and gross-profit-per-case KPIs the industry actually lives by.
A practical guide to fertility-clinic accounting — applying ASC 606 across IVF cycle obligations, estimating refund-guarantee liabilities, treating donor and gestational-carrier fees as agent pass-throughs, recognizing cryostorage revenue ratably, and using Section 179 on embryology lab equipment.
How small businesses use Form 3115 to fix prior-year accounting methods without amending returns — covering the Section 481(a) catch-up math, automatic vs. non-automatic consent under Rev. Proc. 2015-13, three worked examples (cash-to-accrual, cost segregation, repair regs), and the five filing mistakes that forfeit audit protection.
Section 1361 sets five eligibility rules for S-corporations—domestic incorporation, 100-shareholder cap, eligible shareholders, one class of stock, and entity type. Routine business decisions like uneven distributions or a relocated shareholder can terminate the election; Section 1362(f) offers PLR-based relief that costs $30,000+ in user fees.
