#tax-compliance
Tax Compliance
Stay compliant with tax regulations and filing requirements
The SAFE Banking Act Is Back in 2026: What Cannabis Operators Should Do While Congress Stalls
The SAFE Banking Act was reintroduced in June 2026 with bipartisan Senate and House sponsors, after passing the House seven times since 2019 and dying in the Senate each time. Roughly 70% of U.S. cannabis businesses still operate in cash, paying $2,000–$7,500 in monthly banking fees when they can find a bank at all. Here's what the bill would change, why it keeps failing, and how operators can protect themselves now with cannabis-friendly banks, reduced cash exposure, and audit-ready books under Section 280E.
Washington, D.C. Sales Tax Rises to 7% on October 1, 2026: What It Means for Digital Goods and SaaS Sellers
Washington, D.C.'s general sales tax rate rises from 6% to 7% on October 1, 2026, and the District taxes digital goods and SaaS at the full rate with no B2B exemption. This guide covers the delayed Budget Support Act increase, D.C.'s $100,000/200-transaction economic nexus thresholds, and a five-step compliance checklist for invoices that straddle the rate change.
Buy Here, Pay Here Used Car Lot Accounting: What Independent Dealers Get Wrong About the Books
How buy-here-pay-here dealers should book installment notes receivable, separate unearned finance charges from vehicle-sale revenue, reserve for repossessions on portfolios where ~78% of loan volume is subprime, and structure a Related Finance Company that survives an IRS audit — plus why accrual accounting and year-of-sale gain recognition are mandatory for dealer inventory.
Colorado HB26-1289: Worldwide Combined Reporting Becomes the C Corp Default in 2027
Starting with tax years beginning January 1, 2027, Colorado's HB26-1289 makes worldwide combined reporting the default for unitary C corporation groups — foreign subsidiaries included. The water's-edge election that avoids it binds for ten consecutive years, and a tax-haven blacklist (Hong Kong, Ireland, the Netherlands, Singapore) pulls listed entities back in regardless. Here's who is affected and what records you need.
Colorado's Psilocybin Healing Centers Just Watched Cannabis Get a Tax Break They Didn't
Cannabis got Section 280E relief when medical marijuana moved to Schedule III in April 2026, but Colorado's 34 licensed psilocybin healing centers are still fully subject to it. Here is how 280E limits deductions to COGS, why facilitator session labor is the contested cost category, and how to structure a chart of accounts, deferred revenue, and cash controls for a Schedule I business.
Colorado's Retail Delivery Fee Rises to $0.31 in 2026: What Online Sellers Need to Know
Colorado's retail delivery fee rose from $0.28 to $0.31 per transaction on July 1, 2026 — its fifth increase since 2022. Here's who must collect it, how the $500,000 small-seller exemption works, how to report it on Form DR 1786, and which states are considering similar fees.
Craft Distillery Bookkeeping: Why the IRS Doesn't Care About Your Barrels, But the TTB Absolutely Does
Craft distilleries owe federal excise tax only when spirits are withdrawn from bond — often years after the grain was paid for. A practical guide to capitalizing barrel-aging costs into inventory, recording angel's share evaporation at quarterly gauging, and timing the $2.70-per-proof-gallon TTB liability correctly.
Delaware Just Raised Its LLC Annual Tax From $300 to $400 — Here's What Every Out-of-State Entity Owes
Delaware HB 400, signed May 21, 2026, raises the flat annual tax on LLCs, LPs, and GPs from $300 to $400 and the registered-series tax from $75 to $100 — retroactive to January 1, 2026. Here's who owes it, when it's due, and how to budget for it.
FinCEN Removed Beneficial Ownership Reporting for U.S. Companies: What the Corporate Transparency Act Rule Change Means for Your Small Business
FinCEN's March 2025 interim final rule exempted domestic U.S. companies from Corporate Transparency Act beneficial ownership reporting, removing the obligation for more than 99% of previously covered entities while foreign reporting companies must still file.
Greece's B2B E-Invoicing Mandate Hits Everyone October 1, 2026: What myDATA Phase 2 Means for US Businesses
On October 1, 2026, Greece's myDATA e-invoicing mandate extends to every Greek-established business, and non-compliant invoices carry a penalty of 50% of the VAT involved. US companies aren't required to file through myDATA, but their Greek customers' input-VAT credits now depend on clean digital reporting — here's who's in scope, what changes for cross-border invoices, and a practical checklist.
Idaho HB 583: What the New Short-Term Rental Preemption Law Means for Airbnb and VRBO Hosts
Idaho's HB 583, effective July 1, 2026, bans cities from requiring STR licenses, owner-occupancy, night caps, or mandatory property managers — but hosts must still register with the State Tax Commission and remit lodging taxes on stays of 30 days or fewer.
IRS Dirty Dozen 2026: How Payroll Phishing and Direct-Deposit Scams Target Small Businesses
The IRS's 2026 Dirty Dozen list flags a payroll-specific phishing wave: fake HR portal emails and direct-deposit change requests that reroute paychecks to scammers. The FBI's IC3 logged 24,768 business email compromise complaints totaling roughly $3.05 billion in 2025, with 86% of losses moving by wire or ACH — the same rails payroll runs on. Here are the three warning signs (urgency, unusual requests, process changes), five process controls that close the email-only loophole, and the first-72-hours response if a paycheck has already been diverted.