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.
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Every exempt organization files a version of Form 990 unless it's a church, and three missed years end the exemption automatically.
US TaxForm 990 asks if your nonprofit has conflict of interest, whistleblower, and document retention policies. None is required; lacking all three is a red flag.
US TaxA grant restricted to youth literacy can't pay the rent, and the accounting has to prove it didn't. Under the FASB standard for nonprofits (ASC 958).
US TaxThere is a specific order of operations for launching a nonprofit, and most founders get at least one step wrong. Covers key rules, filing requirements,.
US TaxA nonprofit owes 21% on net income from a regular business unrelated to its purpose, after a $1,000 deduction, and files Form 990-T at $1,000 of gross income.
Cross-BorderHow the Canadian principal residence exemption under ITA 40(2)(b) and the US section 121 exclusion interact when you sell a home after crossing the border.
Canadian TaxOntario's estate administration tax charges 1.5% on every dollar of estate value above $50,000. On a $2 million estate. Covers key rules, filing.
Cross-BorderHow Canada's refundable dividend tax on hand system interacts with US tax rules for Americans owning CCPCs, including CFC, GILTI.
US TaxReal Estate Professional Status (REPS) removes the per-se passive classification that IRC 469(c)(2) applies to all rental activities.
US TaxA wholesale assignment fee is ordinary income, not a capital gain. The dealer classification triggers self-employment tax and blocks 1031 exchanges.
Cross-BorderCanadian residents report US Airbnb income on Form T776, claim the foreign tax credit on T2209, and file T1135 if the property cost exceeds $100,000 CAD.
Cross-BorderHow to report US income on your Canadian T1, including foreign tax credits on T2209, T1135 filing thresholds, and the mistakes that trigger reassessments.
Cross-BorderHow RESPs work across the US-Canada border: trust reporting, PFIC exposure, CESG grants, withdrawal tax, and planning strategies for cross-border families.
US TaxFood cost and prime cost determine whether a restaurant makes money. A restaurant that does not know its food cost percentage weekly is flying blind.
US TaxMost restaurants that close are profitable on paper but run out of cash. Here is how to build a weekly cash flow forecast and manage seasonal swings.
US TaxMost restaurants start as an LLC. When net income exceeds $60,000-$80,000, an S-corp election can save self-employment tax.
US TaxRestaurants waste 4-10% of purchased food before it reaches a plate. Here is how to track inventory, account for waste, and deduct spoilage losses.
US TaxThe lease is a restaurant's largest fixed cost after labor. The base rent is the number that appears in the listing. Covers industry-specific deductions,.
US TaxHow the tip credit, tipped minimum wage, and overtime rules work for restaurant payroll, with common mistakes and state-by-state differences.
US TaxRestaurant meals and catered food are taxable as prepared food in nearly every state with a sales tax. How states treat delivery fees, service charges, tips and alcohol.
US TaxWhich restaurant pre-opening costs are deductible immediately, which must be amortized over 180 months under IRC 195, and which are capital expenditures.
US TaxRestaurants with 10 or more tipped employees must file Form 8027. If reported tips fall below 8% of gross receipts, the IRS requires tip allocation.
Cross-BorderA Canadian RRSP or RRIF is generally taxed in full on the holder's final return unless it rolls to a spouse. Here's how Canada and the US treat a US-person beneficiary.
US TaxTraditional rentals go on Schedule E. The default for rental real estate income is Schedule E, where it is not subject to self-employment tax.