Does the new SBA quality of earnings rule apply to my deal? If you are using an SBA 7(a) loan to buy a business or expand into one for $3 million or more, yes. Starting October 1, 2026, lenders must obtain an independent SBA quality of earnings report before the loan can close on that…
What changes for a dental practice acquisition in 2026? If you are buying with an SBA 7(a) loan of $3 million or more, an independent quality of earnings report becomes mandatory on October 1, 2026 — and the lender has to engage the provider before your loan number is issued. Most dentists buying a practice…
How do I prove to a lender or employer that I paid my taxes? Use the new IRS Tax Compliance Report. Available through your IRS Individual Online Account, it is a digitally certified, downloadable document that confirms whether you filed on time and paid what you owe — without disclosing your income or filing details….
Do I still need to file a FinCEN BOI report in 2026? Almost certainly not — if your company was formed in a U.S. state. The FinCEN BOI final rule (effective August 14, 2026) exempts every domestic reporting company and every U.S. person beneficial owner from BOI reporting. Only foreign entities registered to do business…
How much of my overtime pay is actually tax-free? Less than most workers think. The new no tax on overtime deduction is capped at $12,500 (single) or $25,000 (joint), phases out above $150,000 MAGI, and applies only to the FLSA overtime premium — not the entire overtime paycheck. On August 6, 2026 the IRS released…
