364 plain-English guides on us tax, each one ending in what to do next.
Page 8 of 16, newest first.
An LLC protects your personal assets but doesn't change your tax bill by itself. A single-member LLC is a liability shield, not a tax election; by default.
US TaxSelling into the EU or UK means charging foreign VAT at checkout, not just shipping the package. Selling into the EU: VAT is due on every consignment.
US TaxCost of goods sold is the single biggest deduction most online sellers have, and the costing method you pick changes taxable income every year.
US TaxNo employer is withholding tax from your store's income, which means you owe it yourself, four times a year. Self-employment tax runs 15.3% (12.4% Social.
US TaxEconomic nexus means an online store can owe sales tax in a state it has never set foot in. Here's how the thresholds work and when to register.
US TaxShopify's default reports don't map cleanly to a proper set of books. Here's the chart of accounts and reconciliation process that actually works.
US TaxMost online sellers under-deduct because they don't know what counts, or over-deduct because they don't know where personal use disqualifies an expense.
US TaxThe moves that actually lower your e-commerce tax bill happen before December 31, not after. A physical inventory count before year-end lets you write down.
US TaxFranchise build-out costs are split across several depreciation categories. Qualified Improvement Property (QIP), meaning.
US TaxFranchise owners face layered payroll tax obligations across locations and states. Franchise owners owe employer FICA of 7.65% on every dollar of wages.
US TaxA franchise comes with a contract that may dictate the entity type, restrict ownership changes, and require franchisor approval before you restructure.
US TaxRestaurant franchises face tax rules that other businesses never encounter. Restaurant franchises benefit from a unique set of tax provisions.
US TaxThe initial franchise fee is a Section 197 intangible amortized over 15 years. The initial franchise fee is a Section 197 intangible, amortized ratably over.
US TaxMulti-unit franchise operators can stack cost segregation, Section 179 deductions, and intercompany structures to reduce tax across an entire portfolio.
US TaxFranchise owners have retirement plan options that shelter $23,500 to $200,000+ per year from taxes. For single-unit franchise owners with no employees.
US TaxHow franchise owners manage estimated tax payments, choose accounting methods, handle inventory, and time deductions to protect working capital.
US Tax1031 exchanges still defer gain on hotel real estate after TCJA, but FF&E no longer qualifies. A 1031 exchange still works for hotel real estate, and the.
US TaxWhen a hotel renovates, the old component's basis doesn't just vanish, and the new one doesn't automatically get the fastest schedule available.
US TaxHousekeeping, bellstaff, valets, and servers each get taxed differently on tips and service charges. Tips are voluntary payments controlled by the customer.
US TaxSection 179D lets hotel owners deduct up to $5.94 per square foot for qualifying energy upgrades, but the OBBBA cuts off new projects after June 30, 2026.
US TaxHotel F&B runs like a restaurant with extra rules layered on top: department-level cost of goods sold, employee meal limits under IRC 119 and 274.
US TaxFranchise fees, management company base and incentive fees, and key money each carry different tax treatment. The initial franchise fee paid to a brand is.
US TaxHow hotels get owned, from a single-asset LLC to a multi-investor LP to a REIT holding the real estate through a taxable REIT subsidiary.
US TaxRevPAR tells you how a hotel is performing. It doesn't tell you when revenue should hit the books. Room revenue is recognized under ASC 606 as the guest.