Ghost Assets Are Inflating Your Balance Sheet: How to Find and Remove Them
Ghost assets — equipment on your books but long gone — run 10-30% of fixed asset registers; a yearly physical count plus disposal entries clears them.
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Small Business
Financial management strategies and tools for small business owners
Got a Math Error Notice? The IRS Already Changed Your Return — You Have 60 Days to Push Back
A math error notice means the IRS already assessed the tax — request an abatement within 60 days or lose prepayment Tax Court rights.
Lost Your EIN Confirmation? CP575 vs. Letter 147C and How to Get Proof Fast
The IRS never reprints the CP575 — request a 147C at 1-800-829-4933 or download the digital CP575 from your Business Tax Account.
NYC's Click-to-Cancel Rule Is Now in Effect: What Subscription Sellers Must Do to Comply
NYC's click-to-cancel rule is live: online cancellation is mandatory, renewals need 15-to-45-day notice, and fines run $525 to $3,500 per violation.
Don't Wait Until January: Start Your Year-End Tax Prep This October
Start year-end tax prep in October: collect W-9s under the IRS $2,000 1099 rule, clean up vendors, reconcile Q3, and calendar every deadline.
Pet-Sitting Insurance: Why Care, Custody, and Control Coverage Matters More Than General Liability
General liability excludes pets in your care; a $100–$300 CCC endorsement closes the gap. Deduct premiums on IRS Schedule C, Line 15.
Paying a Signing Bonus? The 22% Withholding Rule, the Clawback Agreement, and the Month-Three Quit
Signing bonuses are IRS supplemental wages: withhold 22%, apply FICA in full, and sign the clawback before you pay — same-year repayments unwind cleanly.
Your Tax Deadline Falls on a Weekend. Do You Owe Penalties on Monday?
IRS Section 7503 moves any tax deadline landing on a weekend or D.C. holiday to the next business day — but state dates and EFTPS cutoffs don't always follow.
Wallpaper Installation Business Bookkeeping: Price Every Roll, Prep Job, and Deposit Like a Pro
Quote wallpaper per roll or square foot, cost prep separately, allow 10–25% pattern waste, and book deposits as unearned revenue — not income.
Washington's Small-Business B&O Tax Credit Is Set to More Than Double in 2029 — If Its Funding Survives
Washington's small-business B&O credit rises to $375/$125 monthly in 2029 — unless voters repeal its funding on Nov 3 or courts strike it.
Business Line of Credit vs. Term Loan: How to Choose the Right Financing in 2026
A line of credit charges interest only on what you draw; a term loan charges it on the full sum from day one. Use lines for cash gaps, loans for assets.
Marriage Penalty vs. Marriage Bonus: What Filing Jointly Really Costs (or Saves) You in 2026
A single $120K earner saves $7,530 filing jointly in 2026, while two top earners pay up to $10,250 more — federal thresholds decide.