Tax Resources for Accountants and Small Businesses (U.S.)
The IRS Tangible Property Regulations provide the primary federal guidance for determining whether costs related to tangible property must be capitalized or may be deducted as current expenses. These final regulations, issued under Treasury...
The 3.8% Net Investment Income Tax (NIIT) remains an important consideration for high-income individuals, estates, and trusts in the 2025/2026 tax year. Originally introduced as part of the Affordable Care Act, this surtax continues...
The CalSavers Retirement Savings Program is California’s state-facilitated retirement savings program designed to expand access to retirement saving for private-sector employees who do not have an employer-sponsored retirement plan. The program enables eligible workers...
Retirement plan sponsors may occasionally face IRS penalties due to late filings, missing forms, or administrative oversights. While the former “Penalty Relief Pilot for Small Retirement Plans” is no longer in effect, the IRS...
Staying current with IRS requirements is essential for tax professionals preparing for the upcoming filing season. Each year, the Internal Revenue Service issues updates related to compliance, security, and professional responsibilities. The following IRS...
Download the official IRS Form 1040 for 2025 Download Free Federal Income Tax Form 1040 (Excel Spreadsheet) From Excel1040.com – The original, fully functional Excel-based Form 1040 spreadsheet. Includes built-in IRS calculations, all 2025...
Misclassifying workers as independent contractors instead of employees can create federal tax and wage-and-hour exposure. The good news is that U.S. employers may be able to correct worker classification voluntarily—especially for federal employment tax...
Article explains what is Form W-8 BEN-E and gives detailed instructions on how to fill it in case of foreign company.
The New York City Unincorporated Business Tax (UBT) is a local tax imposed by the City of New York on certain unincorporated business income earned from activities conducted wholly or partly within New York...
The North American Industry Classification System (NAICS) is the official industry classification system used by federal statistical agencies to collect, analyze, and publish data about the U.S. economy. In the United States, NAICS is...
Definition of Small Business For U.S. government contracting purposes, a small business is defined by federal regulation—not by common or commercial usage. Eligibility is determined using industry-specific size standards established and enforced by the...
Economic nexus determines when a business is required to collect and remit sales tax in a state based on its economic activity, rather than a physical presence. This concept is especially important for remote...
California economic nexus determines when a remote or out-of-state seller is required to collect and remit California sales and use tax based on sales activity in the state. California sales and use tax is...
Texas economic nexus determines when an out-of-state seller is required to collect and remit Texas sales and use tax based on the seller’s economic activity in the state rather than physical presence. Economic nexus...
Texas allows qualifying remote sellers to simplify local tax collection by electing a single local use tax rate instead of collecting destination-based local sales and use taxes. This option is designed to reduce compliance...
Handbook for Employers (M-274) is an official guide issued by the U.S. Citizenship and Immigration Services (USCIS). It provides detailed instructions for U.S. employers on how to properly complete and retain Form I-9 (Employment...
Federal payroll tax forms are used by U.S. employers to report wages paid to employees and to file and pay required payroll taxes. These forms are administered by the Internal Revenue Service (IRS) and are...
This payroll compliance guide provides an overview of employer payroll responsibilities in the United States. It explains federal payroll requirements, tax obligations, wage rules, and recordkeeping duties that apply to employers regardless of size...
Sales tax in the United States is imposed at the state and local level, not by the federal government. Each state sets its own rules for sales and use tax, including what is taxable,...
Navigating state taxes in the United States can be complex because each state has its own tax agency, rules, and filing procedures. If you are an individual taxpayer, a business owner, or a tax...