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..
Inside vs Outside Basis Explained for Business Owners
Inside basis is the partnership's tax basis in its assets, while outside basis is the individual partner's tax basis in their partnership interest. These numbers are tracked separately…
29 Sep 2026When Are Estimated Taxes Due for 2026
April 15, June 15, September 15, and January 15 of the following year are the standard federal estimated tax due dates. For 2026, the first installment is due…
28 Sep 2026Foreign Tax Credit Calculation: A Step-by-Step Guide
You're a U.S. taxpayer who paid income tax abroad, and the number on your foreign tax receipt isn't automatically your foreign tax credit. The foreign tax credit calculation…
27 Sep 2026Converting from LLC to S Corp: Your 2026 Guide
A contractor reviewing $400,000 in revenue may wonder whether converting from an LLC to an S corp is worth the payroll and filing burden. For many eligible LLCs,…
26 Sep 2026Due Date for Form 1065 and Filing Rules
The standard due date for Form 1065 is the 15th day of the 3rd month after the partnership's tax year ends. For calendar-year filers, that means March 15,…
25 Sep 2026S Corp vs C Corp Taxes: A Practical Comparison for 2026
You're a Queens contractor with strong revenue, a growing payroll, and cash moving out of the business every month. The short answer to S corp vs C corp…
24 Sep 202610 Business Tax Planning Strategies for 2026
Business tax planning strategies work best when reviewed throughout the year: choose the right entity, project tax quarterly, time income and deductions, use eligible retirement and depreciation provisions,…
23 Sep 2026How to Minimize Estate Taxes with Smart Planning
The popular advice, “just stay under the federal exemption,” is incomplete. To minimize estate taxes in 2026, first identify whether federal or state tax applies, then coordinate lifetime…
22 Sep 2026What Is Nonprofit Accounting and How Does It Work
Nonprofit accounting is fund-based financial reporting under FASB rules that tracks restricted and unrestricted dollars and supports the annual IRS filing a charity makes, often through the Form…
21 Sep 2026Multiple State Tax Filing: A Complete Guide
Multiple state tax filing is the obligation to file income tax returns in more than one U.S. state when you have nexus there through residency, work location, business…
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