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 47 of 89, newest first.
Cash-method businesses can accelerate deductions by prepaying certain expenses before year-end. Under the 12-month rule (Reg.
Small Business & BookkeepingBusiness travel expenses are deductible under IRC 162 when the trip requires an overnight stay away from the taxpayer's tax home.
Small Business & BookkeepingBusiness travel is deductible when the trip is primarily for business, requires overnight stay. Business travel deductions are among the most valuable.
Small Business & BookkeepingUnder IRC 6672, a responsible person who willfully fails to pay over payroll taxes withheld is personally liable for 100% of the unpaid trust fund tax.
Small Business & BookkeepingThe trust fund recovery penalty under IRC 6672 holds 'responsible persons' personally liable for the employee portion of payroll taxes (federal income tax.
Small Business & BookkeepingIRC 280A establishes the tax rules for properties that serve dual purposes as both personal residences and rental properties.
Small Business & BookkeepingRenting your home for 14 days or fewer per year makes the income completely tax-free (the 'Masters exemption'). Above 14 days, the personal use vs.
Small Business & BookkeepingBusiness owners choose between standard mileage rate (70 cents/mile in 2025) and actual expenses for vehicle deductions.
Small Business & BookkeepingSelf-employed business owners who use a personal vehicle for business can deduct either the standard mileage rate or actual vehicle expenses.
Small Business & BookkeepingBusiness vehicle deductions come in two methods: standard mileage (70 cents/mile in 2025, simpler) or actual expenses (gas, insurance, repairs.
Small Business & BookkeepingVehicles over 6,000 lbs GVWR qualify for full Section 179 or bonus depreciation (no IRC 280F luxury auto limits). Includes IRS rules, documentation.
Small Business & BookkeepingBuy vs. lease on a business vehicle turns on weight. Under 6,000 lbs GVWR, luxury limits cap depreciation; heavier trucks and vans can be expensed in year one.
Small Business & BookkeepingBusiness vehicles over 6,000 pounds GVWR (SUVs, trucks, vans) can be fully deducted in Year 1 using Section 179 (up to $31,300 SUV cap for 2025) plus.
Tax PlanningThe wash sale rule (IRC 1091) disallows a loss deduction when substantially identical securities are purchased within 30 days before or after the sale.
Small Business & BookkeepingMost business owners benefit from a CPA when revenue exceeds $50,000 or when the business has employees, an S-Corp, rental property.
Tax PlanningThe WOTC provides a tax credit of $2,400-$9,600 per qualified employee hired from targeted groups including veterans, SNAP recipients, ex-felons.
Small Business & BookkeepingMisclassifying workers as independent contractors when they should be employees is one of the most expensive compliance failures for small businesses.
Small Business & BookkeepingMisclassifying employees as independent contractors is one of the most costly mistakes a small business can make. Covers IRS classification tests, Form.
Small Business & BookkeepingWorker classification (employee vs. independent contractor) is one of the highest-stakes tax issues for small businesses because misclassification.
Small Business & BookkeepingSection 530 of the Revenue Act of 1978 provides a safe harbor against IRS reclassification of independent contractors if the business had a reasonable.
Small Business & BookkeepingMisclassifying employees as contractors can mean back employment taxes and penalties. How the IRS common-law test, IRC 3509 reduced rates, and Section 530 relief work.
Small Business & BookkeepingMisclassifying W-2 employees as 1099 independent contractors triggers penalties including back employment taxes (FICA, FUTA).
Small Business & BookkeepingWorkers' comp premiums are fully deductible business expenses. Benefits received by injured employees are tax-free. Workers' comp tax treatment: 1.
Small Business & BookkeepingWorkers' compensation premiums are fully deductible as a business expense. Workers' compensation rate formula: Premium = (Payroll / $100) x Rate per.