Resources
Plain-language explanations of the tax questions small business owners and self-employed professionals actually ask — deadlines, notices, entity choices, and multi-state rules. Written by Fahadun Nabi, founder of Blue Sage Tax and Accounting Inc..
Due Date for 1120S: March 15, Extensions and Penalties
A calendar-year S corporation's Due Date for 1120S is March 15, which is March 16 for 2026 filings because March 15 falls on a Sunday. A timely Form…
1 Nov 2026Accountants for Contractors: 7 Firms Compared for 2026
Accountants for contractors track job costs and project margins, run payroll and subcontractor 1099 reporting, handle sales tax where it applies, and plan federal, state, and city taxes…
31 Oct 2026Professional Corporation vs LLC: How to Choose
A professional corporation is a restricted corporate wrapper for licensed owners, while an LLC is a flexible legal form whose federal tax result depends on ownership and elections;…
30 Oct 2026Payroll Tax Compliance for NY and NJ Owners
Payroll tax compliance means you classify each worker, withhold the right federal, state, and local tax, deposit it on schedule, and keep the register, liability ledger, return, and…
29 Oct 2026When Are 2290s Due: Filing Dates by Month of First Use
Form 2290 is generally due on the last day of the month following the month a taxable heavy highway vehicle is first used on public highways, so vehicles…
28 Oct 20261099 Contractor Tax Write Offs: 8 Deductions to Know
A 1099 contractor generally may deduct ordinary and necessary business expenses on Schedule C, including qualifying home-office costs, vehicle expenses, supplies, and business insurance; eligible health insurance and…
27 Oct 2026Reasonable Compensation for S Corp Owners: 2026 Guide
The IRS sets no fixed percentage or minimum dollar amount for reasonable compensation for S corp owners. Under the federal facts-and-circumstances test, the salary should match the value…
26 Oct 2026Who Needs to File FBAR? a 2026 Guide to the $10,000 Test
A U.S. person must file an FBAR for a calendar year when they have a financial interest in, signature authority over, or other authority over foreign financial accounts…
25 Oct 2026How to Pay Yourself as a Sole Proprietor in 2026
You've collected customer payments and need money for household bills. Pay yourself as a sole proprietor through an owner's draw, generally not payroll: transfer cash from your business…
24 Oct 2026Tax on Flipping a House: Dealer or Investor Treatment
Under U.S. federal rules, a house flip is generally taxed as ordinary business income when the seller is treated as a dealer who holds homes primarily for sale…
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