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How to account for a retainer whether you receive it or pay it: journal entries, cash vs. accrual timing, IRS rules, refunds, and what to put in the agreement.

Oregon’s Corporate Activity Tax explained: the $750,000 and $1 million thresholds, the 0.57% rate, a worked example, due dates, penalties and filing steps.

Real estate professional status explained: the two IRS tests, which hours count, material participation, what to document, and when it can change your tax bill.

The WOTC lapsed for hires after December 31, 2025. See what it was worth, who qualified, the 28-day screening process, and what to do while Congress decides.

Set up rental property bookkeeping the right way: separate accounts, a property-level chart of accounts, a weekly routine and the records the IRS expects.

S corp owners can’t take the home office deduction on a personal return. Learn how an accountable plan reimburses the same costs, tax-free, step by step.

Use tax is what you owe when a seller doesn’t charge sales tax. Learn when it applies, how it’s figured, how to report it, and what records to keep.

Backup withholding rules explained: the 24% rate, what triggers it, how Form W-9 prevents it, what to do with a CP2100 notice, and how to deposit and report it.

The de minimis safe harbor lets small businesses deduct items up to $2,500 per invoice ($5,000 with an AFS). See the rules, exclusions and how to elect.

How contractors should set up bookkeeping: job costing, progress billing, retainage, 1099 records and cash flow, with a practical monthly routine you can follow.