by 5 Star Accounting & Business Solutions LLC | Jun 3, 2026 | Uncategorized
Quick Answer: The Section 45S tax credit allows eligible small businesses to offset up to 25% of paid family and medical leave wages or commercial insurance premiums under permanent federal guidelines. To claim these savings, your business must have a... 
by 5 Star Accounting & Business Solutions LLC | May 28, 2026 | Uncategorized
Key TakeawaysPaid summer interns must be classified as W-2 temporary employees rather than 1099 independent contractors because they operate under your direct supervision and training. To legally hire an unpaid intern, your program must pass the strict DOL... by 5 Star Accounting & Business Solutions LLC | May 26, 2026 | Uncategorized
*This guidance is based on CBP’s April 2026 CAPE/IEEPA refund guidance, current ACH refund enrollment rules, and general federal tax recovery principles as of May 15, 2026. Your facts may require coordination with your customs broker, trade counsel, and tax... by 5 Star Accounting & Business Solutions LLC | May 19, 2026 | Uncategorized
Key TakeawaysAs of April 20, 2026, the Consolidated Administration and Processing of Entries (CAPE) tool is the exclusive electronic system for reclaiming IEEPA tariff duty payments. Importers must have an active ACE Secure Data Portal account and an... by 5 Star Accounting & Business Solutions LLC | May 12, 2026 | Uncategorized
Key TakeawaysOnly the Importer of Record (IOR) or an authorized customs broker can claim a refund. If a carrier like UPS or FedEx is the IOR, you must coordinate with them rather than filing directly with the CBP. Refunds are exclusively for IEEPA-related... 
by 5 Star Accounting & Business Solutions LLC | May 5, 2026 | Uncategorized
Key TakeawaysThe IRS business rate for 2026 is 72.5 cents per mile, a 2.5-cent increase from the previous year. To keep your options open, you must choose the standard mileage method in the first year your vehicle is used for business. If you start with... 