#small-business
Financial management strategies and tools for small business owners
California, New York, and Illinois each mandate a weekly day of rest — measured three different ways, with per-employee penalties for every week you miss.
An IRS business expense must be ordinary (common in your industry) and necessary (helpful to it) under Section 162 — plus the records to prove it.
Replaced a roof or HVAC? The IRS partial disposition election deducts the old component's remaining basis on Form 4797 now, not over decades.
The IRS is matching PPP and EIDL applications against filed tax returns. Reconcile 941s, amendments and revenue now — the fraud window runs ten years.
Stripe Atlas founders can open a Rho business account before the IRS issues their EIN — route startup costs through it to keep Section 195 deductions clean.
Saint Lucia waives 100% of penalties and interest on tax arrears through 2025 if you pay the principal by December 2027. File first, then settle.
Seattle, Washington's 2026 B&O tax starts at $2 million, but $0 returns are still due; out-of-city sellers at or below $4,000 need no license.
Your spouse's travel is deductible only if they are your employee on a bona fide business trip — otherwise the IRS treats employer-paid costs as W-2 wages.
Sri Lanka dropped its planned Rs. 36M VAT threshold; registration still starts at Rs. 60M a year or Rs. 15M a quarter, and digital-services VAT took effect.
The federal W-4 doesn't cover state tax in most states — collect each hire's state certificate (CA DE 4, NY IT-2104) or withholding defaults to max.
Uganda’s EFRIS now covers 12 sectors regardless of VAT status; a missed e-invoice costs double the tax due or UGX 200,000 — here is how to comply.
The IRS adds a 20% accumulated earnings tax on C corp cash above $250,000 without documented business needs — plus a 20% PHC tax on passive income.
