#tax-compliance
Tax Compliance
Stay compliant with tax regulations and filing requirements
Rental Arbitrage Bookkeeping: How to Set Up Books for a Leased Airbnb Business
Rental arbitrage bookkeeping differs from landlord accounting because the lease is a pure operating expense with no equity, only furniture is depreciable over 3-5 years, and most operators land on Schedule C rather than Schedule E once average guest stays fall under 30 days with services provided.
The 2026 FAR Overhaul: What the New CAS Thresholds Mean for Small Government Contractors
Starting with contracts awarded on or after June 30, 2026, the FAR overhaul raises the CAS trigger from $2.5 million to $35 million per contract, the full-coverage threshold from $50 million to $100 million, and the certified cost-or-pricing data (TINA) threshold from $2 million to $10 million, exempting close to half of currently CAS-covered contractors.
The FinCEN Residential Real Estate Rule Is Vacated: A Guide for LLC and Trust Buyers
A Texas federal court vacated FinCEN's Residential Real Estate Rule on March 19, 2026, eighteen days after it took effect, ending the mandatory reporting requirement for all-cash LLC and trust property purchases while FinCEN appeals to the Fifth Circuit.
Invoicing International Clients: A Freelancer's Guide to Multi-Currency Billing and Foreign Income Taxes
US freelancers billing foreign clients must convert income to USD at the exchange rate on the day of receipt, pay self-employment tax regardless of the client's location, and may owe an FBAR filing if combined foreign-held balances (e.g. in Wise or Payoneer) exceed $10,000 at any point in the year.
Program-Related Investments: How Private Foundations Recycle Charitable Capital
Program-related investments let a private foundation count loans, equity stakes, or guarantees toward its mandatory 5% annual payout, then reclaim the capital as it's repaid, but PRIs to non-charitable recipients trigger IRS expenditure-responsibility rules with a 20% excise tax and personal manager penalties for noncompliance.
The Section 174 R&D Catch-Up Deadline Just Passed. Here's What Small Businesses Should Do Now
The OBBBA's one-time retroactive Section 174 election for 2022–2024 R&D amortization closed July 6, 2026, but the standard three-year R&D credit window and permanent 2025+ immediate expensing under Section 174A remain available to small businesses.
2026 HSA Contribution Limits: What Small Business Owners Need to Know
The IRS raised 2026 HSA limits to $4,400 self-only and $8,750 family (Revenue Procedure 2025-19). A small business owner's guide to the S-corp more-than-2% shareholder rules, the 35% comparability excise tax, cafeteria plan workarounds, and how to avoid excess-contribution penalties.
App Store External Purchase Links: The 2026 Accounting Guide for iOS Developers
US iOS developers can currently run external purchase links at 0% Apple commission while courts settle a replacement rate. This guide covers the bookkeeping fallout — the merchant-of-record shift, sales tax nexus, reconciling two 1099s, and Apple's 15-day transaction reporting rule.
Audited by an Algorithm: What the IRS's New AI Governance Policy Means for Your Small Business
The IRS's February 2026 policy, IRM 10.24.1, formalizes how AI models — now running 126 active projects across six annual cycles — flag small business and self-employed returns for audit, requiring mandatory human review before any AI referral becomes an examination.
Brazil's MEI Revenue Ceiling: The Frozen R$81,000 Cap and the 2026 Push to Raise It
Brazil's MEI revenue cap of R$81,000 a year has been frozen since 2018. A bill sent to Congress in June 2026 would raise it to R$110,000 in 2027 and R$140,000 in 2028, and let microentrepreneurs hire two employees instead of one — a case study in how frozen tax thresholds quietly penalize small business growth.
Pung v. Isabella County: What the Supreme Court's 2026 Tax Foreclosure Ruling Means for Business Owners
The Supreme Court ruled 8-1 in Pung v. Isabella County (2026) that tax foreclosure surplus is measured by the auction sale price, not fair market value, leaving commercial property owners — only ~20% of whom escrow property taxes, versus ~80% of homeowners — especially exposed to losing equity.
Bookkeeping for Adult Content Creators: 1099s, Platform Fees, and Chargebacks
Subscription platforms report gross earnings on Form 1099-NEC even though they keep roughly 20% as a platform fee, and adult content businesses see chargeback rates of 3-5% — well above the 1% threshold that triggers card network monitoring — making separate bookkeeping for fees, taxes, and disputes essential from day one.