Tax Resources for Accountants and Small Businesses (U.S.)
Federal quarterly taxes, also known as estimated taxes, are payments made directly to the Internal Revenue Service (IRS) throughout the year. These payments cover income that is not subject to automatic withholding, such as...
Last updated by a CPA in March 2026. Are Employee Reimbursements Taxable? In this guide, we explain accountable vs. nonaccountable plans, tax implications, and what employers need to know in 2026. 1. Employee Reimbursements...
Quarterly taxes in California are estimated payments made throughout the year to cover your federal income tax, self-employment tax, and California state income tax. If you earn income without automatic withholding, you are generally...
SWIFT/BIC codes identify banks for international wire transfers. Below you’ll find a list of commonly used SWIFT codes for major US banks, plus an official source and a lookup tool to confirm the correct...
Break Even Point Calculator (BEP) The break-even point (BEP) represents the level of sales where a company’s total revenue equals its total costs. At this point, a business does not make a profit but...
What Is the Applicable Federal Rate (AFR)? The Applicable Federal Rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans and other financial transactions between related parties....
The IRS 2025 mileage rates establish new deduction amounts for business, medical, and charitable driving. For 2025, the rate is 70 cents per business mile, with updated limits for depreciation and vehicle valuation under...
When choosing between the standard mileage vs actual expenses 2025 deduction methods, it’s important to know how each affects your taxes, records, and refund. Understanding both options helps you select the approach that offers...
IRS Special Per Diem Rates for 2025–2026 The IRS special per diem rates for 2025–2026 determine the daily allowance for business travel expenses including lodging, meals, and incidental expenses. These rates are used by...
Current Applicable Federal Rates (AFR) The Applicable Federal Rates (AFR) are monthly interest rates published by the IRS and used for tax purposes such as loans between related parties, imputed interest rules, and other...
What Is the Unified Chart of Accounts (UCOA)? UCOA – the Unified Chart of Accounts for nonprofit organizations, is designed so that nonprofits can can quickly and reliably translate their financial statements into the...
Small business tax deductions for 2025 allow companies to reduce taxable income by subtracting ordinary and necessary business expenses. Understanding these deductions is important for accountants, payroll specialists, tax professionals, and small business owners...
Professional tax software helps accountants and tax preparers manage tax preparation, e-filing, compliance, and client returns more efficiently. This guide reviews professional tax software used by accounting firms, including features, pricing considerations, and tools...
What Is the California Payday Notice Poster? The California Payday Notice Poster is a workplace notice required under California Labor Code Section 207 that informs employees about the employer’s regular paydays and the time...
List of Principal Business Activities and codes that classify a company by the type of activity that is needed by the Internal Revenue Code. They are based on the North American Industry Classification System.
California individual income taxes are administered by the California Franchise Tax Board (FTB). Below you’ll find the most-used California individual income tax forms for tax year 2025 (filed in 2026), plus direct links to...
If you’ve received a CP 2100 Notice from the IRS, don’t panic — but don’t ignore it either. The notice means the IRS found a name and taxpayer identification number (TIN) mismatch or a...
The CalSavers program requires eligible California employers to provide access to a retirement savings plan for employees if they do not offer a qualified retirement plan. CalSavers Employer Requirements The CalSavers program requires eligible...
Click here to enter the IRS Withholding Calculator. The IRS Withholding Calculator is the official Tax Withholding Estimator. It helps individuals check whether their federal income tax withholding for 2025 is accurate. The United...
Self-employed individuals must calculate self-employment tax using rules published by the Internal Revenue Service. Understanding how to calculate self-employment tax helps freelancers, contractors, and small business owners estimate tax liability before filing Form 1040....
Preparing records before filing helps self-employed taxpayers report income correctly and avoid IRS corrections. This self-employment tax checklist explains what documents you should organize before completing Schedule C, Schedule SE, and Form 1040. The...