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Tax
Tax strategies, planning, and compliance for individuals and businesses
Are Health Care Sharing Ministry Payments Tax Deductible? What H.R. 2062 Would Change
Health care sharing ministry payments are not deductible under current IRS rules, but H.R. 2062 and a pending IRS HRA regulation could change that for taxable years after December 31, 2025. What the Tax Parity Act proposes, the after-tax math for self-employed members, and how to keep records ready.
Japan's Qualified Invoice System: What the October 2026 Deductibility Cut Means for Freelancers and Their Clients
On October 1, 2026, Japan's transitional 80% input-credit for consumption tax paid to unregistered suppliers shrinks — to 70% under the FY2026 tax reform taper, then 50% in 2028, 30% in 2030, and 0% by October 2031 — while the 2-wari tokurei simplified rate for newly registered small businesses expires. Here's what Japanese freelancers, small suppliers, and the buyers who rely on them should do before the deadline.
Missouri Just Eliminated Its Capital Gains Tax: What It Means for Business Owners Who Sell
Missouri's HB 594, signed July 10, 2025, made it the first state to fully exempt individuals from state capital gains tax — a 100% subtraction covering stocks, real estate, crypto, and pass-through business sales, with C corporations waiting on a 4.5% rate trigger. Here's who qualifies, what's excluded, and how it changes exit timing for business owners.
Singapore's GST InvoiceNow Mandate: What Voluntary Registrants Must Do Starting April 2026
From April 1, 2026, IRAS can reject voluntary GST registration applications in Singapore that don't include InvoiceNow adoption. Here's the phased rollout timeline through 2031, the four-step Peppol setup process, available grants of up to S$1,000 per SME, and how transaction-level reporting changes the case for clean books.
Why Your DoorDash 1099 Might Not Show Up This Year — and Why You Still Owe Taxes on Every Mile
The 1099-NEC threshold is now $2,000, so many part-time DoorDash, Instacart, and Grubhub drivers won't receive a form for 2026 — but the IRS still taxes net self-employment earnings above $400. How multi-app delivery drivers can capture the dead miles apps don't report (often 30% or more of total driving), choose between the standard mileage and actual expense methods, and set aside 25–30% of each payout for quarterly taxes.
Egypt's Small Business Tax Rate Just Dropped to 0.4%. Here's How the New Law Actually Works.
Egypt's Law No. 6 of 2025 lets SMEs with annual turnover up to EGP 20 million pay 0.4%–1.5% tax on revenue instead of 22.5% on profit, with stamp duty and dividend withholding exemptions but a five-year lock-in — while Resolution 281 of 2025 halves the mandatory e-invoicing threshold to EGP 250,000.
Freelance Ghostwriter Taxes: Schedule C, Self-Employment Tax, and Why the NDA Doesn't Matter
An NDA has zero effect on how ghostwriting income is taxed — it's ordinary Schedule C self-employment income. This guide covers the 15.3% self-employment tax, deductible expenses for writers, 2026 quarterly estimated payment deadlines, and how advances and royalties are taxed when received.
The IRS Just Added Three Features to Business Tax Account — Here's Why Small Business Owners Should Care
The IRS's summer 2026 Business Tax Account update adds a digital notices library, self-service EIN verification letter (CP575) downloads, and online Offer in Compromise payments. Here's who qualifies, how setup works, and why disciplined bookkeeping makes these tools actually useful.
Louisiana Tropical Storm Arthur Tax Relief: What the November 2, 2026 IRS Deadline Covers for Business Owners
After Tropical Storm Arthur struck Louisiana on June 17, 2026, the IRS postponed federal tax deadlines to November 2, 2026 for Avoyelles, St. Landry, St. Tammany, and Terrebonne Parishes under FEMA declaration 4927-DR. The relief covers returns and estimated payments automatically — but not payroll tax deposits or 1099s — and a Section 165(i) election lets storm-damaged businesses claim casualty losses on last year's return.
The St. Louis Tornado Tax Deadline Has Passed — Here's What Business Owners Still Need to Know
The IRS pushed most federal tax deadlines for the May 16, 2025 St. Louis tornado (FEMA DR-4877) to November 3, 2025 — but the Section 165(i) election to deduct disaster losses on a 2024 return stays open until October 15, 2026, and penalty-free retirement withdrawals and SBA loans up to $2 million remain in play for affected businesses.
Typhoon Sinlaku Tax Relief for the Northern Mariana Islands: What the November 2, 2026 IRS Deadline Covers
After Super Typhoon Sinlaku struck Saipan, Tinian, Rota, and the Northern Islands on April 11, 2026 (FEMA declaration DR-4910), the IRS postponed filing and payment deadlines falling between April 11 and November 2, 2026 to November 2 — automatically, for any taxpayer with an address of record in the CNMI. Here's what's covered, the April 27 payroll-deposit cutoff that already passed, and the Section 165(i) election that can put a refund in your hands by October 15.
Bookkeeping for Boarding, Training, and Lesson Stables: Board Tiers, Lease Splits, and Show Pass-Throughs
How boarding and training stables should track board by tier, split lease income between owner and barn, tag horse-show pass-throughs by client, and use the IRS's two-of-seven-year hobby-loss safe harbor for horse operations.