Tax Strategy + Structure
End of the $800 De Minimis Rule: What Small Businesses Need to Know About Taxes, Costs & Planning
The end of the U.S. $800 de minimis rule means higher duties, more paperwork, and tighter cash flow for small business owners who rely on imports. While the policy was pitched as leveling the playing field, many small retailers, e-commerce sellers, and U.S. consumers will feel the squeeze first. Here’s what you need to know about the tax, accounting, and planning strategies to stay ahead.
10 Common Mistakes LLCs Make (and How to Avoid Them)
Forming an LLC is a popular choice for small business owners seeking flexibility and protection, but many fall into common pitfalls that can jeopardize their success and compliance. From mismanaging taxes to overlooking key legal requirements, these mistakes can lead to costly consequences. In this article, we highlight the 10 most frequent mistakes LLCs make - and provide practical tips to help you avoid them, so your business stays on the right track.
Where Do You Owe Tax? Understanding Nexus in a Post-Wayfair World
Do you know where your business owes tax? In today’s post-Wayfair landscape, understanding nexus - the connection that triggers state tax obligations - is more important than ever. From physical presence to economic thresholds, affiliate relationships, and click-through referrals, states are expanding their reach. This article breaks down the types of nexus, what triggers them, and how pending federal legislation could reshape the rules again. Whether you sell online, offer remote services, or operate across state lines, this guide will help you stay informed and compliant.
Tax Planning & Fuel Taxes: What Independent Truck Drivers Need to Know
Independent truck drivers face unique tax burdens, especially with fuel taxes and shifting regulations. Learn how proactive planning can save money and avoid compliance issues on the road.