#sales-tax
Sales tax compliance, nexus rules, filing requirements, and tax automation for businesses
U.S. portable storage rentals are taxable equipment rental, not exempt real-estate rent — split five revenue streams and depreciate the fleet.
Pop-up dinner tickets are deferred revenue until the meal is served — book them as a liability, cost each event per cover, and never spend the float early.
Rental garments are fixed assets, not supplies: amortize them over 6–36 months, cost the plant per pound, and let route density set what the business sells for.
A thrift flip's true cost has five layers: price, prep, mileage, fees, shipping. Track them all, deduct only sold inventory, and reconcile 1099-Ks for the IRS.
Bahamas VAT on unprepared food fell from 5% to 0% on April 1, 2026. Grocers must re-code SKUs into 0/5/10% buckets and keep claiming input tax.
Michigan HB 4122 doubles the cottage food cap to $50,000 and allows online sales; SB 93 raises the honey and maple syrup threshold to $25,000.
Price worms and castings from a blended cost per pound, register castings as fertilizer, collect state sales tax, and pass the IRS hobby-loss test.
Keep more than four breeding females and make one sight-unseen sale, and USDA licensing applies — plus Schedule C, the IRS hobby-loss test, and state sales tax.
Honduras waives penalties on tax arrears through 2025 if paid by October 12, 2026 — and extends RIT duty-free imports five years for exporters.
Fence and deck jobs lose margin between bid day and build day — price by the unit, book deposits as liabilities, and run a monthly WIP even on two-week jobs.
Kansas revises local sales tax rates every quarter and holds retailers liable for tax they should have collected — use this 10-step checklist each quarter.
Kentucky HB 757 repealed the 200-transaction nexus test and made data brokering taxable at 6% on August 1, 2026 — re-test nexus before cancelling a permit.
