by Gayathri Indrakrishnan | Jun 9, 2026 | Uncategorized
Quick Answer: The employer credit for family and medical leave provides small businesses a federal tax credit worth 12.5% to 25% of qualified leave costs. In 2026, you can claim this credit on actual wages paid during FMLA leave or on commercial insurance...
by Gayathri Indrakrishnan | Jun 6, 2026 | Uncategorized
Key TakeawaysPaid summer interns must be classified as W-2 temporary employees rather than 1099 independent contractors because they operate under your direct supervision. To legally hire an unpaid intern, your program must pass the strict DOL “Primary...
by Gayathri Indrakrishnan | May 27, 2026 | Uncategorized
*This guidance is based on CBP’s April 2026 CAPE/IEEPA refund guidance, current ACH refund enrollment rules, and general federal tax recovery principles as of May 15, 2026. Your facts may require coordination with your customs broker, trade counsel, and tax...
by Gayathri Indrakrishnan | May 22, 2026 | Uncategorized
Key TakeawaysAs of April 20, 2026, the Consolidated Administration and Processing of Entries (CAPE) tool is the exclusive electronic system for reclaiming IEEPA tariff duty payments. Importers must have an active ACE Secure Data Portal account and an authorized...
by Gayathri Indrakrishnan | May 15, 2026 | Uncategorized
Key TakeawaysFor 2026, the Section 179 immediate expensing limit has increased to $2.56 million, allowing businesses to write off the full cost of equipment, software, and vehicles in a single year. The 20% Qualified Business Income (QBI) deduction is now...
by Gayathri Indrakrishnan | May 15, 2026 | Uncategorized
Quick Summary: Could Changing My Business Entity Mean a Lower Tax Bill?As a Sole Proprietor or single-member LLC, you pay a 15.3% Self-Employment (SE) tax on your profit (up to the annual Social Security wage base of $184,500). By electing S-Corp status, you...
