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Business

Business finance strategies and accounting best practices for success

Bad Debt and Uncollectible Receivables: When to Write Off, How to Prove Worthlessness Under Section 166, and Why Cash-Basis Businesses Can't Deduct Unpaid Invoices
·mike

Bad Debt and Uncollectible Receivables: When to Write Off, How to Prove Worthlessness Under Section 166, and Why Cash-Basis Businesses Can't Deduct Unpaid Invoices

An unpaid invoice isn't automatically a deduction for cash-basis businesses and worthlessness must be proven in the year claimed — document business character, collection efforts, and the specific charge-off before December 31.

tax-compliance
small-business
finance
Health Insurance Deduction for Self-Employed in 2026: How Schedule 1 Above-the-Line, ICHRA, and QSEHRA Interact With the Premium Tax Credit
·mike

Health Insurance Deduction for Self-Employed in 2026: How Schedule 1 Above-the-Line, ICHRA, and QSEHRA Interact With the Premium Tax Credit

Deduct premiums on Schedule 1, get reimbursed via ICHRA/QSEHRA, or take the premium tax credit — never two for the same dollar. Master the month-by-month coordination and circular math that prevents double benefits.

tax-compliance
small-business
finance
Sales Tax Nexus in 2026: Economic Nexus Thresholds by State and the $100K / 200-Transaction Trap After Wayfair
·mike

Sales Tax Nexus in 2026: Economic Nexus Thresholds by State and the $100K / 200-Transaction Trap After Wayfair

The $100K-or-200 shorthand is wrong in most states in 2026 — many repealed the transaction test and three big states use $500K. Track gross by state and channel before the notice does.

tax-compliance
small-business
finance
1099-K Threshold for 2026: Why Gig Workers and Online Sellers Still Get a Form at $600 in Most States Even After the Federal $5,000 Patch
·mike

1099-K Threshold for 2026: Why Gig Workers and Online Sellers Still Get a Form at $600 in Most States Even After the Federal $5,000 Patch

Federal relief says $5,000 but most states still require $600 — a form in the mailbox may be state-driven. Reconcile per-TPSO gross to taxable income and don't pay tax on mis-coded reimbursements.

tax-compliance
small-business
finance
Prepísané pravidlá QDOT: Čo znamená Treasury Decision 10050 pre majiteľov firiem s manželským partnerom bez amerického občianstva
·mike

Prepísané pravidlá QDOT: Čo znamená Treasury Decision 10050 pre majiteľov firiem s manželským partnerom bez amerického občianstva

Treasury Decision 10050, účinná od 10. júla 2026, prináša prvú zásadnú aktualizáciu predpisov o Kvalifikovanom domácom truste (QDOT) za tri desaťročia. Tu je dôvod, prečo neobmedzený manželský odpočet vylučuje manželov bez amerického občianstva, čo QDOT vyžaduje — amerického správcu trustu, aktívnu voľbu v priznaní Form 706 a zabezpečenie pri trustoch nad $2 milióny — a ktoré štyri procesné opravy nové pravidlá prinášajú pre pozostalosti majiteľov firiem.

tax
tax-planning
tax-compliance
SEP IRA vs. Solo 401(k) vs. SIMPLE IRA in 2026: Contribution Limits, Deadlines, and the Tax Math for Solo Owners With and Without Employees
·mike

SEP IRA vs. Solo 401(k) vs. SIMPLE IRA in 2026: Contribution Limits, Deadlines, and the Tax Math for Solo Owners With and Without Employees

Solo owner with $140K profit can do $28K SEP, $35K Solo 401(k), or $16K SIMPLE — same profit, different deductions. Match the plan to employees, profit, and whether you need the deduction by December 31 or April 15.

retirement
small-business
finance
Nové pravidlo FDA pre označenie „zdravé“: Čo musia potravinárske firmy urobiť do 25. februára 2028
·mike

Nové pravidlo FDA pre označenie „zdravé“: Čo musia potravinárske firmy urobiť do 25. februára 2028

Aktualizovaná definícia pojmu „zdravé“ od FDA sa stáva povinnou 25. februára 2028: produkty musia obsahovať zmysluplné množstvo z niektorej potravinovej skupiny a zostať pod 10 % DV nasýtených tukov, 15 % DV sodíka a 10 % DV pridaných cukrov na porciu. Tu je prehľad toho, kto získava oprávnenosť, kto ju stráca, koľko stojí súlad (~$20 na UPC za aktualizáciu označenia, ~$1M na preformulovanú receptúru) a praktický harmonogram pre malé potravinárske firmy.

compliance
small-business
cost-management
The QBI Deduction Cliff in 2026: What Happens When Section 199A Expires and How Pass-Through Owners Model Life After the 20% Deduction
·mike

The QBI Deduction Cliff in 2026: What Happens When Section 199A Expires and How Pass-Through Owners Model Life After the 20% Deduction

199A's 20% QBI deduction sunsets after 2025 as written — model the cliff by your actual capped deduction and marginal rate, revisit salary and retirement timing, and track W-2/UBIA for a retroactive extension.

tax-compliance
small-business
finance
Cost Segregation for Small Commercial Property in 2026: How a $400K Building Can Generate $80K of Front-Loaded Depreciation Without a Full Engineering Study
·mike

Cost Segregation for Small Commercial Property in 2026: How a $400K Building Can Generate $80K of Front-Loaded Depreciation Without a Full Engineering Study

A small building's first-year deduction can triple with cost segregation — reclassify 5-year, 7-year, and 15-year pieces, elect Section 179/bonus where it helps, and document the allocation the ATG expects.

real-estate
small-business
finance
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
·mike

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.

tax-compliance
small-business
finance
ROI flotilovej telematiky: Matematika GPS sledovania, ktorú by mal spočítať každý majiteľ malej flotily
·mike

ROI flotilovej telematiky: Matematika GPS sledovania, ktorú by mal spočítať každý majiteľ malej flotily

Servisná flotila s 10 vozidlami, ktorá minie na GPS sledovanie približne 1 000 $ ročne, si zvyčajne vráti 15 000 až 30 000 $ na úsporách paliva, práce a poistenia, pričom väčšina firiem dosiahne kladné ROI do 7 až 12 mesiacov.

small-business
cost-management
expense-management
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%
·mike

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.

small-business
bookkeeping
finance
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