ARTICLES

New to running a business and accepting cash payments? Learn the IRS rules for Form 8300 including when you’re required to report cash transactions over $10,000 and the penalties for not filing. Clear guidance can help new business owners stay compliant and avoid expensive mistakes.

There are updates to the IRS reporting rules -- raising the 1099 threshold from $600 to $2,000 starting in 2026. This change reduces paperwork, lowers compliance burdens, and provides relief for small businesses while maintaining accurate income reporting requirements.

Proper worker classification is critical to avoiding costly IRS penalties, audits, and back taxes. Learn the key differences between employees and independent contractors, how to reduce risk, and when to seek guidance. Make sure your business stays compliant and protected.

Deduct business travel costs like transport, lodging, and meals (50%) if necessary, reasonable, and documented. Rules vary; get advice!