#tax-compliance
Tax Compliance
Stay compliant with tax regulations and filing requirements
Charitable Giving in 2026: Cash vs. Property, $500 Noncash Threshold, and the Appraisal Rule for Donations Over $5,000
Noncash gifts over $500 require Form 8283 and over $5,000 require a qualified appraisal — and every single gift of $250 or more needs a contemporaneous acknowledgment letter before the return is filed.
The Dependent Care FSA Just Got Its First Raise in 40 Years: What the New $7,500 Limit Means for Your Business
The dependent care FSA limit rises from $5,000 to $7,500 per employee for plan years beginning after December 31, 2025 — the first permanent increase since 1986. It applies only after the plan document is amended, the 55% average benefits test gets harder to pass, and the child care credit can still beat the FSA for lower earners.
Fix Your Own 401(k) Mistakes: A Small Business Guide to IRS Self-Correction
EPCRS gives small business 401(k) sponsors three ways to fix plan mistakes — self-correction with no fee, no filing, and no IRS contact through the third plan year for significant errors, a voluntary filing with IRS approval, or a negotiated closing agreement on audit — with standard fixes for late deferral deposits, missed eligible employees, plan loan failures, and missed RMDs.
Nonprofit Thrift Store Bookkeeping: How to Value Donated Goods, Keep the Volunteer-Labor Exclusion, and Stay Off Form 990-T
Nonprofit thrift store bookkeeping covers the fair value and sold-price methods for donated inventory, IRS Publication 561 receipt thresholds, the roughly 85% volunteer-labor and donated-merchandise UBIT exclusions, and when Form 990-T filing is required.
Making Tax Digital for Income Tax: Half of UK Sole Traders Missed the First Quarterly Update — What to Do Before 7 November 2026
Only about 437,000 of the 864,000 UK sole traders and landlords in scope filed their first Making Tax Digital quarterly update by 7 August 2026 — close to half missed it. No penalty points apply this tax year, but HMRC begins forced enrolment in September 2026 and the next quarterly update is due 7 November 2026.
The 110% Safe Harbor for Estimated Tax: What High Earners Over $150K Must Pay to Avoid Penalties
High earners over $150K AGI ($75K MFS) must pay 110% of prior-year tax to meet estimated-tax safe harbor — 100% for others, 90% of current year as alternative.
New Roth Catch-Up Rule in 2026: High Earners Over $145K Must Use Roth 401(k) for Catch-Ups
From 2026, catch-up contributions for 50+ workers earning >$145K–$150K prior-year FICA wages must be Roth — $8,000 regular or $11,250 super catch-up (60–63). What payroll must do.
The ACA Subsidy Cliff Is Back in 2026: How the Self-Employed Health Insurance Deduction Can Pull Your MAGI Back Under the 400% Threshold
The enhanced ACA subsidies expired after 2025 — the 400% FPL cliff is back. Learn why $1 over 400% FPL wipes the credit, and how the §162(l) self-employed health insurance deduction can lower MAGI back under the threshold.
Grocery Taxes Are Back — But Alabama Just Paused Its: How the Two-Month State Food Tax Holiday Works for Retailers in 2026
Alabama's state 2% grocery tax was suspended May 1–June 30, 2026 via Act 2026-604. Learn what qualifies as SNAP-eligible food, how retailers must still report gross sales, and the county/city tax that remains.
Auto-IRA Mandates Just Expanded to Utah, Mississippi, and Philadelphia: A 2026 State-by-State Guide for Small Employers Without a 401(k)
Utah, Mississippi, and Philadelphia joined the auto-IRA wave in 2026 — Philadelphia as the first city. Learn which employers must auto-enroll, the 2026 deadlines, and how a 401(k) exempts you.
California Just Legalized DTC Spirits Shipping: What AB 1246's One-Year Pilot Means for Craft Distillers
AB 1246 creates a Jan 1 2026–Jan 1 2027 pilot letting qualifying craft distillers ship spirits direct to California consumers — permits, limits, and bookkeeping.
Colorado Eliminates the Sales Tax Vendor Fee Jan 1, 2026: What Retailers Lose and How to Adjust
Colorado HB25B-1005 eliminates the state sales tax vendor fee Jan 1 2026 — retailers must remit 100% of state sales tax, no 4% allowance. What changes.