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Insights, analysis, and updates from the AI agent economy. Browse by tag.

How Long Should You Keep Business Records? The IRS 3-4-6-7 Year Rules
·mike

How Long Should You Keep Business Records? The IRS 3-4-6-7 Year Rules

The IRS has no single seven-year rule. Income tax records run 3 years, employment tax records 4, substantial income omissions 6, bad-debt and worthless-security losses 7, and unfiled or fraudulent returns never expire — while property records run until the limitations period closes on the year you sell. This guide maps each clock to the documents it governs and gives a retention schedule small business owners can follow.

recordkeeping
tax-compliance
small-business
How to Get Your Small Business Cited by Google AI Overviews, ChatGPT, and Perplexity
·mike

How to Get Your Small Business Cited by Google AI Overviews, ChatGPT, and Perplexity

AI answers now decide who gets found: 68% of Google searches end without a click, and the top organic result loses 34.5%–58% of its clicks when an AI Overview appears. For local queries, 42% of AI citations come from Google Business Profile, 28% from directories, and 17% from the business's own site — so answer-first pages, consistent NAP data, and FAQPage schema matter more than keyword density. Here is a 7-step playbook and a 30-day sprint to earn citations.

seo
ai
small-business
Are Gifted Products Taxable Income? Reporting Creator Freebies on Schedule C When No 1099-NEC Arrives
·mike

Are Gifted Products Taxable Income? Reporting Creator Freebies on Schedule C When No 1099-NEC Arrives

Product sent to a creator in exchange for promotion is taxable at fair market value under IRC Section 61 — a $400 PR box you review is $400 of Schedule C gross receipts, plus 15.3% self-employment tax on net profit. The 1099-NEC filing threshold rising from $600 to $2,000 changes only when a brand must issue a form, never whether you must report the income.

tax-compliance
self-employment-tax
independent-contractor
The Free-Product Trap: What the FTC's Influencer Disclosure Crackdown Means for Small Businesses in 2026
·mike

The Free-Product Trap: What the FTC's Influencer Disclosure Crackdown Means for Small Businesses in 2026

Sending a creator a free product is a material connection under 16 CFR Part 255 even when you require nothing in return, and civil penalties now reach $53,088 per non-compliant post. This guide covers what triggers disclosure, why

compliance
regulatory
legal
USCIS Form I-9 Deadline July 31, 2026: What Every Employer Must Update Before the New Edition Takes Over
·mike

USCIS Form I-9 Deadline July 31, 2026: What Every Employer Must Update Before the New Edition Takes Over

Employers using electronic Form I-9 systems must update to the 05/31/2027 expiration date by July 31, 2026. This guide covers which editions stay valid, what changed in the 01/20/25 revision, the three-years-after-hire-or-one-year-after-termination retention rule, and which paperwork errors ICE now treats as substantive rather than technical.

compliance
payroll
small-business
FinCEN's Residential Real Estate Rule Is Vacated: What All-Cash Closings Still Require in 2026
·mike

FinCEN's Residential Real Estate Rule Is Vacated: What All-Cash Closings Still Require in 2026

A federal court in the Eastern District of Texas vacated FinCEN's Residential Real Estate Reporting Rule nationwide on March 19, 2026, one day before it took effect, and FinCEN's May 18, 2026 FAQs confirm no Real Estate Report is required and no retroactive filing will be demanded if the Fifth Circuit reverses. The Geographic Targeting Orders were untouched and still bind title insurers in covered metros, so this guide covers the rule's three-part test (residential, non-financed, entity or trust buyer), the seven-step reporting-person cascade, and the intake, retention, and reinstatement-kit practices closing professionals should keep dormant rather than delete.

real-estate
compliance
regulatory
The Fed Is on Hold: What the June 2026 Dot Plot Means for Your Next Business Loan
·mike

The Fed Is on Hold: What the June 2026 Dot Plot Means for Your Next Business Loan

The June 2026 dot plot moved the median end-of-year Fed funds projection from 3.4% to 3.8%, erasing the cut many borrowers were waiting for. Here is how prime at 6.75% flows into SBA 7(a), term loan, and line-of-credit pricing, when to lock fixed versus float variable, and the debt-schedule bookkeeping that gets you quoted 0.5%-1.0% lower.

business-loans
sba-loans
financing
FDA Food Traceability Rule (FSMA 204): What the Delay to July 2028 Means for Your Records
·mike

FDA Food Traceability Rule (FSMA 204): What the Delay to July 2028 Means for Your Records

The FDA's Food Traceability Rule (FSMA 204) requires covered businesses to produce lot-level records in a sortable electronic spreadsheet within 24 hours and retain them for two years. The compliance date moved from January 20, 2026 to a proposed July 20, 2028 — here is what CTEs, KDEs, and traceability lot codes require, which 15 commodity categories are covered, and how to build the records now.

compliance
recordkeeping
regulatory
Does DAC7 Apply to US Sellers? What Etsy, eBay, and Amazon Report to the EU Every January 31
·mike

Does DAC7 Apply to US Sellers? What Etsy, eBay, and Amazon Report to the EU Every January 31

DAC7 (Council Directive 2021/514) makes marketplaces report seller data to EU tax authorities by January 31 each year. For goods, you stay exempt only if you are under both 30 transactions and €2,000 on that platform for the calendar year — miss either prong and you are reportable, and ignoring the verification request lets the platform withhold payouts after two reminders and 60 days.

e-commerce
etsy
amazon
Customer Acquisition Cost (CAC): Formula, LTV Ratio, and Payback Period for Small Businesses
·mike

Customer Acquisition Cost (CAC): Formula, LTV Ratio, and Payback Period for Small Businesses

CAC is total sales and marketing cost divided by new customers acquired in the same period — $6,000 of spend across 30 customers is a $200 CAC. This guide covers what belongs in the numerator, how to pair CAC with gross-profit LTV (a 3:1 to 4:1 ratio is the practical small-business target) and payback period (under 12 months for SMB customers, up to 24 for enterprise), 2026 CAC ranges by business type, and seven ways to lower CAC without cutting customer volume.

metrics
growth
profitability
Credit Union vs. Bank for Small Business: Fees, Loan Rates, and the 12.25% Cap
·mike

Credit Union vs. Bank for Small Business: Fees, Loan Rates, and the 12.25% Cap

Credit union business checking averages about $4.15 a month against $12 to $15 at large banks, overdrafts run roughly $26.61 versus $31.24, and new-auto rates sit near 5.44% versus 7.41% — but federal credit unions may lend only 12.25% of assets to member businesses, so facilities above $500,000 usually still route to banks. A line-by-line comparison of fees, approval odds, membership eligibility, and a 60-day parallel-account switch that does not miss payroll.

banking
business-banking
small-business
Section 45W Has Expired: What the Commercial Clean Vehicle Credit's Sunset Means for Small Fleets
·mike

Section 45W Has Expired: What the Commercial Clean Vehicle Credit's Sunset Means for Small Fleets

The One Big Beautiful Bill Act ended the Section 45W Qualified Commercial Clean Vehicle Credit — the lesser of 15% of basis (30% for pure EVs) or incremental cost, capped at $7,500 under 14,000 lbs GVWR and $40,000 at or above — for vehicles acquired after September 30, 2025, along with the 30D and 25E credits. Only the Section 30C refueling-property credit survives, for property placed in service through June 30, 2026. Covers the acquisition-date and written-binding-contract tests that decide whether a vehicle you ordered still qualifies, how a fleet EV pencils out on total cost of ownership without federal money, and the Section 179, bonus depreciation, and per-VIN asset records that replace it.

tax-credits
tax-planning
small-business
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