2,121 plain-English guides on cross-border moves, US and Canadian returns, and small-business money. Each one ends in what to do next, and says when a written Diagnostic is the smarter first step.
Page 18 of 89, newest first.
Salon and spa owners can deduct general liability, professional liability, property insurance, and workers' comp premiums.
US TaxSalons that sell retail products (shampoo, conditioner, styling products, skincare) must collect sales tax in most states, track inventory.
US TaxSalon owners and booth renters can contribute $23,500 to $70,000+ per year through self-employed retirement plans. Booth renters and suite leaseholders.
US TaxSalon and spa owners can deduct rent, supplies, equipment, insurance, licensing, marketing, and employee costs. Salon and spa deductions include rent.
US TaxSalon suite renters operate as independent business owners. The suite rent, equipment, products, and marketing are all deductible.
US TaxThe S-Corp election (Form 2553) must be filed by March 15 of the year it takes effect, or within 75 days of forming a new entity.
US TaxSelf-employed business owners can deduct health, dental, and vision insurance premiums for themselves and their family. Includes IRS rules, documentation.
US TaxThe self-employment tax calculation starts with net profit from Schedule C (or the partner's share of partnership income).
US TaxSeptic service companies deduct vacuum trucks ($80,000-$200,000), jetter equipment, inspection cameras, pumping hoses, and disposal fees.
US TaxSeptic pumping and installation businesses are NOT SSTBs. The vacuum truck ($80,000-$200,000) is the defining asset. Workers' comp is moderate (5-8%).
US TaxSeptic service businesses have moderate seasonality (spring through fall pumping, year-round emergencies). Set aside 22-25% of net profit.
US TaxSiding installers deduct brake machines ($3,000-$15,000), scaffolding systems, nail guns, and materials (vinyl, fiber cement, wood.
US TaxSiding installation businesses are NOT SSTBs. Materials run 35-45% of revenue (vinyl, fiber cement, wood). Siding installation S-Corp analysis: Industry.
US TaxSiding installers work seasonally (April through November in cold climates, year-round in warm climates). Revenue drops 70-80% in winter months.
Small Business & BookkeepingA 1031 exchange lets you sell business or investment real estate and defer all capital gains tax by reinvesting in a replacement property.
Small Business & BookkeepingA Section 1031 exchange allows business owners to defer capital gains tax when selling one investment property and purchasing.
Small Business & BookkeepingSmall businesses must issue 1099-NEC forms to contractors paid $2,000 or more in 2026 ($600 for 2025 payments). Who gets a 1099, the deadline, and the penalties.
Small Business & BookkeepingBusinesses must issue Form 1099-NEC to independent contractors paid $600 or more, and Form 1099-MISC for rent, royalties, and other specified payments.
Small Business & BookkeepingBusinesses must issue 1099-NEC to any non-corporate contractor paid $2,000+ in 2026 ($600+ for 2025 payments). Due date: January 31 (to both the recipient and the IRS).
Small Business & BookkeepingA $50,000 W-2 employee costs the employer $55,000-$65,000 (FICA, unemployment, workers' comp, benefits). True cost comparison: W-2 employee at $50,000.
Small Business & BookkeepingThe 12-month rule (Reg. 1.263(a)-4(f)) lets a cash-basis business deduct a prepayment in the year paid if the benefit ends within 12 months and by the end of the next tax year.
Small Business & BookkeepingAn accountable plan under Treas. Reg. 1.62-2 allows employers to reimburse employees for business expenses tax-free (excluded from the employee's W-2.
Small Business & BookkeepingAn accountable plan under IRC 62(c) and Reg. 1.62-2 allows an S-Corp or C-Corp to reimburse employees (including owner-employees) for business expenses.
Small Business & BookkeepingAn S-Corp accountable plan allows the corporation to reimburse the shareholder-employee for business expenses (home office, vehicle, phone.