If you’re a small business owner heading into the 2026 tax filing season, you’re not alone if things feel a little… different this year. Between new federal tax legislation passed in 2025, updated IRS guidance, and ongoing enforcement changes, many business owners are realizing that the “same as last year” approach simply doesn’t apply anymore.…
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2026 Is a New Enforcement Era — Not Just a New Tax Year If you’re a small business owner, attorney, or franchise operator, 2026 brings more than new tax brackets and reporting rules — it brings a shift in how the IRS enforces compliance. After several years of staffing increases, technology upgrades, and delayed rollouts,…
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If You Accept Digital Payments, 2026 Is a Turning Point If you run a small business, sell online, or accept payments through platforms like PayPal, Stripe, Square, Venmo, Shopify, Etsy, or Amazon, there’s one thing you can’t ignore in 2026: 👉 The IRS is now fully enforcing its digital payment reporting rules. What started as…
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2026 Is Here — and the Tax Landscape Is Shifting If you’re a small business owner, attorney, or franchise operator, January 2026 likely feels like a turning point — because it is. At the end of 2025, many key provisions of the Tax Cuts and Jobs Act (TCJA) officially expired. That means 2026 marks the…
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The De Minimis Exemption: What It Was — and Why It Mattered If you run a small business, sell products online, or import supplies, you’ve probably used the de minimis exemption without even realizing it. For years, U.S. businesses could import goods valued under $800 per shipment without paying tariffs, customs duties, or facing lengthy…
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Big Changes, Big Opportunities When the One Big Beautiful Bill Act (a.k.a. the “Big Beautiful Bill”) became law on July 4, 2025, most of the headlines focused on personal tax cuts and family deductions. But tucked inside this sweeping legislation are some powerful new opportunities for employers — especially small business owners, law firms, and…
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Inflation Adjustments Are Here — And They Matter More Than You Think Each year, the IRS adjusts tax brackets, deductions, and contribution limits to keep up with inflation. It’s one of those quiet updates that doesn’t make headlines — but it can make a big difference in your bottom line. And with inflation still higher…
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What’s Going On with QBI in 2025? If you own a law firm, a franchise, or any small business structured as an LLC, S-Corp, or partnership, you’ve probably heard of the Qualified Business Income (QBI) deduction — that 20% tax break that’s been a lifesaver for pass-through business owners since 2018. Well, here’s the update:…
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Why IRS Audit Red Flags Matter More in 2025 Let’s be real — nobody wants to hear from the IRS. Audits can be stressful, expensive, and time-consuming. And while most small businesses will never face a full-blown audit, the odds are higher in 2025 than in recent years. Here’s why: after years of staffing shortages,…
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The Big Picture On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill Act (nicknamed the “Big Beautiful Bill”). It’s the biggest tax law update since the 2017 Tax Cuts and Jobs Act. For busy professionals like attorneys and fast food franchise owners, the new law brings both opportunities and risks. Some…
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