Business

The IRS instructions for the 2026 Forms 1099-NEC and 1099-MISC set a $2,000 reporting threshold, and add boxes for cash tips and overtime pay.

Reported on 13 October 2026, the Federation of Small Businesses has asked the UK government to raise England's rate relief threshold to £25,000 before the 28 October Budget.

The IRS sets two ways to deduct part of a home used for business: a $5 per square foot flat rate capped at 300 square feet, or actual costs.

The $20,000 and 200-transaction rule sets when payment apps and marketplaces send a 1099-K, but a form does not define taxable income.

The newly permanent QBI deduction now allows small business owners to deduct up to 20% of qualified business income, with expanded income thresholds and a new $400 minimum deduction starting…

Mandatory registration kicks in when turnover exceeds £90,000 in any rolling 12 months, forcing a pricing dilemma for consumer-facing businesses.

Section 179 expensing comes with a cap and income limits, while bonus depreciation has neither. Most businesses can combine both to write off equipment at once.

Starting October 1, SBA lenders must order independent earnings reviews and meet stricter coverage ratios before funding a business purchase.

Self-employed owners and business partners can avoid IRS penalties by understanding safe harbor rules, payment deadlines and two key calculation methods.

A 2025 tax law permanently restored full first-year write-offs for business equipment. Here is what qualifies, what doesn't, and how to claim it.