Sharp Tax & Accounting Blog
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Is Your Business Trip Tax Deductible? Understanding the IRS Business Travel Rules
Business travel deductions depend on more than where you went or what you spent. Learn how the IRS looks at tax home, business purpose, mixed business-and-personal trips, temporary assignments, spouse travel, and the records needed to support deductible travel expenses.
Business Meals & Entertainment Deductions in 2026: What Business Owners Need to Know
Business meals and entertainment expenses can receive very different tax treatment in 2026. Learn which expenses may be 100% deductible, 50% deductible, or not deductible at all and why proper documentation and bookkeeping matter.
Renting Property to a Family Member? Why Fair Market Rent Matters for Taxes
Renting property to a family member? Learn how fair market rent can affect the tax treatment of your rental and how to estimate a reasonable rental rate.
Voluntary Disclosure Agreements: A Smart, Cost‑Saving Strategy for Resolving Hidden State Tax Liabilities
Voluntary Disclosure Agreements help businesses resolve past state tax liabilities on far more favorable terms. By limiting the lookback period, waiving penalties, and preventing open‑ended audits, a VDA gives taxpayers a clean slate and protects them from years of hidden exposure that could otherwise lead to costly assessments.
Washington Court of Appeals Clarifies Semiconductor Use Tax Exemption
The Washington Court of Appeals ruled that natural gas used to grow semiconductor materials qualifies for the RCW 82.12.9651 use tax exemption, even without direct contact. The decision rejects the Department of Revenue’s narrow interpretation and expands clarity for semiconductor manufacturers.
Illinois Issues New Guidance on Marketplace Facilitators: What SaaS and Auction Platforms Need to Know
Illinois’ GIL ST 25‑0060‑GIL clarifies how Marketplace Facilitator rules apply to SaaS platforms, auction technology providers, and multi‑seller environments. The state takes a broad view of “facilitates” and “indirect payment processing,” meaning even optional payment links or listing tools may trigger facilitator obligations.