The IRS Business Tax Account got new Summer 2026 features: EIN verification letters, digital notices, and payments. Why small businesses should use it.
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NewsJuly 15, 2026
The Penny Is Going Away — Here’s How Your Cash Register (and Your Sales Tax) Should Handle It
Treasury stopped minting pennies in 2026. Washington and other states now have cash-rounding rules. What businesses that take cash need to do.
The IRS is replacing First-Time Abate with automatic penalty relief for businesses with a clean 3-year filing history. Here's how it works.
NewsJuly 14, 2026
The Retroactive R&D Refund Window Just Closed — But the Bigger OBBBA Win Is Still on the Table
The July 6 deadline to amend for retroactive R&D refunds has passed. Here's what small businesses can still claim as expensing goes permanent.
NewsJuly 14, 2026
‘No Tax on Tips’ and Overtime Are Real Now — But Starting in 2026, the Paperwork Lands on Employers
New OBBBA deductions for tips and overtime shift a reporting burden onto employers for tax year 2026. Here's what to set up before January.
NewsJuly 14, 2026
A Judge Just Advanced the $38B Visa-Mastercard Swipe-Fee Settlement — Here’s What It Means If You Take Cards
A federal judge granted preliminary approval to the $38B swipe-fee deal. Merchants gain surcharge rights and rate cuts — but it isn't final yet.
NewsJuly 13, 2026
Sales Tax Holidays Are Hitting Nearly 20 States This Summer — Is Your POS System Ready?
Nearly 20 states are running back-to-school sales tax holidays this summer, and while the coverage is aimed at parents hunting for deals, the compliance burden lands squarely on retailers — who have to get the exemption rules right in real time or risk under- or over-collecting tax on thousands of transactions. What happened Mississippi kicked...
Massachusetts business owners are watching a familiar fight resurface: the state House has tucked a mandatory employee retirement-savings program — vetoed by Gov. Maura Healey just last year — back into a must-pass economic development bill, according to a July 8, 2026 NFIB press release. What happened The proposal, known as the Secure Choice Savings...
NewsJuly 13, 2026
BOI Reporting Is Basically Dead — Now Federal Agencies Can’t Even Access What’s Left
A new Government Accountability Office report confirms what small business owners tracking the Corporate Transparency Act have suspected for months: the beneficial ownership information (BOI) reporting regime the Treasury Department built to fight shell-company money laundering has been quietly hollowed out, and now even the federal agencies it was designed to serve are struggling to...
NewsJuly 12, 2026
Got Your ERC Refund Check? The IRS Can Still Come Back for It — Here’s the Two-Year Clock You’re On
One year after OBBBA changed ERC rules, Jackson Walker warns cashed refund checks don't mean claims are closed. Know your audit and appeal deadlines.
TrumpIRA launches Jan. 1, 2027, but doesn't integrate with state Auto-IRA mandates covering 1.3M workers. Here's the mismatch employers need to know.
NewsJuly 12, 2026
DOL’s New Independent Contractor Rule Could Make Gig Workers Easier to Classify — Here’s What Changes
DOL proposed a 2026 rule simplifying worker classification to two core factors. Comment period closed April 28; the 2024 rule stays in force until it's finalized.
NewsJuly 11, 2026
New Fed Research: Most Small Businesses Are Still Passing Tariff Costs to Customers
A New York Fed survey of 6,500 firms finds 80% of goods and retail businesses passed on tariff costs in 2025 — and more price hikes are still coming in 2026.
NewsJuly 11, 2026
The Fed Just Signaled Higher Rates Are Coming — What It Means for Small Business Borrowing
Under new Chair Kevin Warsh, the Fed held rates at 3.5-3.75% but projects a hike by year-end 2026 as inflation runs hot. Here's what it means for financing.
The SBA raised its combined 7(a)/504 loan cap from $5M to $10M as of July 4, 2026. Here's what changed and what it means for small business financing.