{ "batch": "83-setup-tax-steps", "articles": [ { "id": "learn_r83_setup_tax_steps_us_estimated_who_must_pay", "category": "Business", "title": "Estimated tax obligation threshold for individuals and corporations", "summary": "Individuals including sole proprietors, partners and S corporation shareholders must pay estimated tax if they expect to owe $1,000 or more; corporations if they expect to owe $500 or more.", "body": "Individuals including sole proprietors, partners and S corporation shareholders must pay estimated tax if they expect to owe $1,000 or more; corporations if they expect to owe $500 or more.\n\nWhat Internal Revenue Service actually says:\n\n“Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.”\n\nNote: Second sentence on same page: Corporations generally have to make estimated tax payments if they expect to owe tax of $500 or more when their return is filed.", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS estimated tax - who must pay", "topic": "estimated tax obligation threshold for individuals and corporations", "applies_to_country": "US", "applies_to_scope": "federal", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_estimated_four_dates", "category": "Business", "title": "Annual instalment due dates and periods covered", "summary": "Estimated tax is divided into four payment periods due April 15, June 15, September 15, and January 15 of the following year.", "body": "Estimated tax is divided into four payment periods due April 15, June 15, September 15, and January 15 of the following year.\n\nWhat Internal Revenue Service actually says:\n\n“Estimated tax payments are generally due: April 15 for income earned January 1 to March 31 June 15 for income earned April 1 to May 31 September 15 for income earned June 1 to August 31 January 15 of the following year for income earned September 1 to December 31”\n\nNote: Page also notes: If these due dates fall on a Saturday, Sunday or legal holiday, the payments are due the next business day.", "source_type": "official", "source_link": "https://www.irs.gov/payments/pay-as-you-go-so-you-wont-owe-a-guide-to-withholding-estimated-taxes-and-ways-to-avoid-the-estimated-tax-penalty", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Estimated tax payments are generally due: April 15 for income earned January 1 to March 31 June 15 for income earned April 1 to May 31 September 15 for income earned June 1 to August 31 January 15 of the following year for income earned September 1 to December 31", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS estimated tax - four due dates", "topic": "annual instalment due dates and periods covered", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_schedule_c_what_is", "category": "Business", "title": "IRS Schedule C: definition and qualification as a business", "summary": "Schedule C (Form 1040) is used to report income or loss from a business operated as a sole proprietor; an activity qualifies as a business only if primary purpose is income or profit and involvement is with continuity and regularity.", "body": "Schedule C (Form 1040) is used to report income or loss from a business operated as a sole proprietor; an activity qualifies as a business only if primary purpose is income or profit and involvement is with continuity and regularity.\n\nWhat Internal Revenue Service actually says:\n\n“Use Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business if: Your primary purpose for engaging in the activity is for income or profit. You are involved in the activity with continuity and regularity.”", "source_type": "official", "source_link": "https://www.irs.gov/forms-pubs/about-schedule-c-form-1040", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Use Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business if: Your primary purpose for engaging in the activity is for income or profit. You are involved in the activity with continuity and regularity.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS Schedule C", "topic": "definition and qualification as a business", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_recordkeeping_what_to_keep_books", "category": "Business", "title": "Books must show gross income, deductions and credits", "summary": "A business's books must show gross income as well as deductions and credits, and the system should include a summary of business transactions ordinarily made in accounting journals and ledgers.", "body": "A business's books must show gross income as well as deductions and credits, and the system should include a summary of business transactions ordinarily made in accounting journals and ledgers.\n\nWhat Internal Revenue Service actually says:\n\n“Your recordkeeping system should include a summary of your business transactions. This summary is ordinarily made in your business books (for example, accounting journals and ledgers). Your books must show your gross income, as well as your deductions and credits.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/what-kind-of-records-should-i-keep", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Your recordkeeping system should include a summary of your business transactions. This summary is ordinarily made in your business books (for example, accounting journals and ledgers). Your books must show your gross income, as well as your deductions and credits.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS recordkeeping - what to keep in books", "topic": "books must show gross income, deductions and credits", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_recordkeeping_supporting_documents", "category": "Business", "title": "Types of supporting documents required", "summary": "Supporting documents that must be kept include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks.", "body": "Supporting documents that must be kept include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks.\n\nWhat Internal Revenue Service actually says:\n\n“Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks.”\n\nNote: Page also details gross receipts, purchases, expenses, assets, and employment tax categories.", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/what-kind-of-records-should-i-keep", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS recordkeeping - supporting documents", "topic": "types of supporting documents required", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_recordkeeping_retention_3y_standard", "category": "Business", "title": "IRS recordkeeping - how long to keep standard income tax records: 3-year general retention period", "summary": "Keep records for 3 years if the 6-year, 7-year and indefinite situations do not apply.", "body": "Keep records for 3 years if the 6-year, 7-year and indefinite situations do not apply.\n\nWhat Internal Revenue Service actually says:\n\n“Keep records for 3 years if situations (4), (5), and (6) below do not apply to you.”\n\nNote: Returns filed before due date treated as filed on due date.", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Keep records for 3 years if situations (4), (5), and (6) below do not apply to you.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS recordkeeping - how long to keep standard income tax records", "topic": "3-year general retention period", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_recordkeeping_retention_6y_unreported_income", "category": "Business", "title": "Retention when >25% gross income omitted", "summary": "Keep records for 6 years if you do not report income that you should report and it is more than 25% of gross income shown on the return.", "body": "Keep records for 6 years if you do not report income that you should report and it is more than 25% of gross income shown on the return.\n\nWhat Internal Revenue Service actually says:\n\n“Keep records for 6 years if you do not report income that you should report, and it is more than 25% of the gross income shown on your return.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Keep records for 6 years if you do not report income that you should report, and it is more than 25% of the gross income shown on your return.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS recordkeeping - 6-year retention for unreported income", "topic": "retention when >25% gross income omitted", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_recordkeeping_retention_7y_bad_debt", "category": "Business", "title": "Retention for loss from worthless securities or bad debt deduction", "summary": "Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.", "body": "Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.\n\nWhat Internal Revenue Service actually says:\n\n“Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS recordkeeping - 7-year retention for bad debt / worthless securities", "topic": "retention for loss from worthless securities or bad debt deduction", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_recordkeeping_retention_indef_no_return", "category": "Business", "title": "[Unverified - being checked] No statute of limitations when no return", "summary": "[Unverified - being checked] Keep records indefinitely if you do not file a return.", "body": "Keep records indefinitely if you do not file a return.\n\nWhat Internal Revenue Service actually says:\n\n“Keep records indefinitely if you do not file a return.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Keep records indefinitely if you do not file a return.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS recordkeeping - indefinite retention if no return filed", "topic": "no statute of limitations when no return", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" }, "verification": { "status": "unverified", "label": "Unverified - being checked", "reasons": [ "thin_body", "source_unverifiable:fetch_failed:budget" ], "checked_utc": "20261021-123916Z" } }, { "id": "learn_r83_setup_tax_steps_us_recordkeeping_retention_indef_fraudulent", "category": "Business", "title": "[Unverified - being checked] No statute of limitations for fraudulent return", "summary": "[Unverified - being checked] Keep records indefinitely if you file a fraudulent return.", "body": "Keep records indefinitely if you file a fraudulent return.\n\nWhat Internal Revenue Service actually says:\n\n“Keep records indefinitely if you file a fraudulent return.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Keep records indefinitely if you file a fraudulent return.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS recordkeeping - indefinite retention if fraudulent return", "topic": "no statute of limitations for fraudulent return", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" }, "verification": { "status": "unverified", "label": "Unverified - being checked", "reasons": [ "thin_body", "source_unverifiable:fetch_failed:budget" ], "checked_utc": "20261021-123916Z" } }, { "id": "learn_r83_setup_tax_steps_us_recordkeeping_retention_employment_4y", "category": "Business", "title": "Minimum 4-year retention for employment taxes", "summary": "Keep employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.", "body": "Keep employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.\n\nWhat Internal Revenue Service actually says:\n\n“Keep employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Keep employment tax records for at least 4 years after the date that the tax becomes due or is paid, whichever is later.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS recordkeeping - employment tax records", "topic": "minimum 4-year retention for employment taxes", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_recordkeeping_property", "category": "Business", "title": "Retention for property-related records", "summary": "Keep records relating to property until the period of limitations expires for the year in which you dispose of the property, to figure depreciation and gain or loss.", "body": "Keep records relating to property until the period of limitations expires for the year in which you dispose of the property, to figure depreciation and gain or loss.\n\nWhat Internal Revenue Service actually says:\n\n“Generally, keep records relating to property until the period of limitations expires for the year in which you dispose of the property.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Generally, keep records relating to property until the period of limitations expires for the year in which you dispose of the property.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS recordkeeping - property records", "topic": "retention for property-related records", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_1099k_threshold_current", "category": "Business", "title": "Third-party settlement organization reporting threshold reinstated by OBBB", "summary": "TPSOs are not required to file Forms 1099-K unless gross reportable payment transactions exceed $20,000 and number of transactions exceeds 200, as retroactively reinstated by the One, Big, Beautiful Bill.", "body": "TPSOs are not required to file Forms 1099-K unless gross reportable payment transactions exceed $20,000 and number of transactions exceeds 200, as retroactively reinstated by the One, Big, Beautiful Bill.\n\nWhat Internal Revenue Service actually says:\n\n“The OBBB retroactively reinstated the reporting threshold in effect prior to the passage of the American Rescue Plan Act of 2021 (ARPA) so that third party settlement organizations are not required to file Forms 1099-K unless the gross amount of reportable payment transactions to a payee exceeds $20,000 and the number of transactions exceeds 200.”\n\nNote: Also reiterated in 2025-10-23 FAQs as de minimis exception.", "source_type": "official", "source_link": "https://www.irs.gov/newsroom/irs-issues-faqs-on-form-1099-k-threshold-under-the-one-big-beautiful-bill-dollar-limit-reverts-to-20000", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "The OBBB retroactively reinstated the reporting threshold in effect prior to the passage of the American Rescue Plan Act of 2021 (ARPA) so that third party settlement organizations are not required to file Forms 1099-K unless the gross amount of reportable payment transactions to a payee exceeds $20,000 and the number of transactions exceeds 200.", "volatility": "medium", "from_batch": "83-setup-tax-steps", "subject": "IRS Form 1099-K threshold - current", "topic": "third-party settlement organization reporting threshold reinstated by OBBB", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_1099nec_threshold_current", "category": "Business", "title": "Nonemployee compensation reporting threshold from 2026", "summary": "For payments made after December 31, 2025, the reporting threshold for Form 1099-MISC or Form 1099-NEC is $2,000 or more per recipient.", "body": "For payments made after December 31, 2025, the reporting threshold for Form 1099-MISC or Form 1099-NEC is $2,000 or more per recipient.\n\nWhat Internal Revenue Service actually says:\n\n“For payments made after December 31, 2025, the reporting threshold for Form 1099-MISC or Form 1099-NEC is met if the amount of payments to a recipient total $2,000 or more.”\n\nNote: Found in Q21 answer discussing interaction with information reporting rules.", "source_type": "official", "source_link": "https://www.irs.gov/newsroom/form-1099-k-faqs-third-party-filers-of-form-1099-k", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "For payments made after December 31, 2025, the reporting threshold for Form 1099-MISC or Form 1099-NEC is met if the amount of payments to a recipient total $2,000 or more.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS Form 1099-MISC / 1099-NEC threshold - current", "topic": "nonemployee compensation reporting threshold from 2026", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_se_tax_rate", "category": "Business", "title": "Rate breakdown Social Security + Medicare", "summary": "Self-employment tax rate is 15.3%, consisting of 12.4% for Social Security and 2.9% for Medicare.", "body": "Self-employment tax rate is 15.3%, consisting of 12.4% for Social Security and 2.9% for Medicare.\n\nWhat Internal Revenue Service actually says:\n\n“The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance).”\n\nNote: Applies to net earnings; Social Security portion capped at wage base ($168,600 for 2024 example given).", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance).", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS self-employment tax rate", "topic": "rate breakdown Social Security + Medicare", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_se_tax_who_must_pay_400", "category": "Business", "title": "IRS self-employment tax - who must pay: $400 net earnings threshold", "summary": "You must pay self-employment tax and file Schedule SE if net earnings from self-employment (excluding church employee income) were $400 or more.", "body": "You must pay self-employment tax and file Schedule SE if net earnings from self-employment (excluding church employee income) were $400 or more.\n\nWhat Internal Revenue Service actually says:\n\n“You must pay self-employment tax and file Schedule SE (Form 1040) if either of the following applies. Your net earnings from self-employment (excluding church employee income) were $400 or more.”", "source_type": "official", "source_link": "https://www.irs.gov/businesses/small-businesses-self-employed/self-employment-tax-social-security-and-medicare-taxes", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "You must pay self-employment tax and file Schedule SE (Form 1040) if either of the following applies. Your net earnings from self-employment (excluding church employee income) were $400 or more.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS self-employment tax - who must pay", "topic": "$400 net earnings threshold", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_us_business_expenses_categories", "category": "Business", "title": "Categories of deductible business expenses mapped to resources", "summary": "IRS maps business expense resources into categories including Deducting Business Expenses, Employees' Pay, Rent Expense, Interest, Taxes, Insurance, Costs You Can Deduct or Capitalize, Amortization, Depletion, and Business Bad Debts.", "body": "IRS maps business expense resources into categories including Deducting Business Expenses, Employees' Pay, Rent Expense, Interest, Taxes, Insurance, Costs You Can Deduct or Capitalize, Amortization, Depletion, and Business Bad Debts.\n\nWhat Internal Revenue Service actually says:\n\n“Deducting Business Expenses”\n\nNote: Table rows verbatim include: Deducting Business Expenses, Employees' Pay, Rent Expense, Interest, Taxes, Insurance, Costs You Can Deduct or Capitalize, Amortization, Depletion, Business Bad Debts. IRS notes Publication 535 discontinued; last revision 2022 still referenced.", "source_type": "official", "source_link": "https://www.irs.gov/forms-pubs/guide-to-business-expense-resources", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Internal Revenue Service", "evidence_quote": "Deducting Business Expenses", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "IRS business expenses - categories authority lists", "topic": "categories of deductible business expenses mapped to resources", "applies_to_country": "US", "tags": { "lane": "any", "stage": "any", "region": [ "us" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_sa_registration_deadline_5oct", "category": "Business", "title": "Deadline to tell HMRC you need to complete a return", "summary": "You must tell HMRC by 5 October after the tax year if you need to complete a tax return and have not sent one before.", "body": "You must tell HMRC by 5 October after the tax year if you need to complete a tax return and have not sent one before.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“You must tell HMRC by 5 October if you need to complete a tax return for the previous year and you have either: not sent a tax return before”\n\nNote: Last tax year 6 April 2025-5 April 2026 deadlines detailed on page: 5 October 2026 to register.", "source_type": "official", "source_link": "https://www.gov.uk/self-assessment-tax-returns/deadlines", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "You must tell HMRC by 5 October if you need to complete a tax return for the previous year and you have either: not sent a tax return before", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK Self Assessment - registration deadline", "topic": "deadline to tell HMRC you need to complete a return", "applies_to_country": "GB", "applies_to_scope": "England, Scotland, Wales, Northern Ireland", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_sa_paper_deadline_31oct", "category": "Business", "title": "Paper filing deadline", "summary": "HMRC must receive a paper tax return by 11:59pm on 31 October after the tax year end.", "body": "HMRC must receive a paper tax return by 11:59pm on 31 October after the tax year end.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“HMRC must receive your paper tax return by 11:59pm on 31 October 2026 or you'll get a late filing penalty.”\n\nNote: For 2025/26 tax year; deadline moves annually but pattern is 31 Oct paper, 31 Jan online.", "source_type": "official", "source_link": "https://www.gov.uk/self-assessment-tax-returns/deadlines", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "HMRC must receive your paper tax return by 11:59pm on 31 October 2026 or you'll get a late filing penalty.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK Self Assessment - paper return deadline", "topic": "paper filing deadline", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_sa_online_and_payment_31jan", "category": "Business", "title": "Online return and balancing payment due date", "summary": "Online returns and payment of tax owed are due by 11:59pm on 31 January after the tax year end.", "body": "Online returns and payment of tax owed are due by 11:59pm on 31 January after the tax year end.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“You must submit your online tax return by 11:59pm on 31 January 2027 or you'll get a late filing penalty.”\n\nNote: Same page states: You need to pay your Self Assessment tax by 11:59pm on 31 January 2027", "source_type": "official", "source_link": "https://www.gov.uk/self-assessment-tax-returns/deadlines", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "You must submit your online tax return by 11:59pm on 31 January 2027 or you'll get a late filing penalty.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK Self Assessment - online filing and payment deadline", "topic": "online return and balancing payment due date", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_sa_payments_on_account", "category": "Business", "title": "UK Self Assessment - payments on account: two instalments due 31 Jan and 31 July, thresholds", "summary": "Payments on account are due by midnight on 31 January and 31 July, each being half the tax owed last year; required unless last year's bill was under £1,000 or more than 80% was collected at source.", "body": "Payments on account are due by midnight on 31 January and 31 July, each being half the tax owed last year; required unless last year's bill was under £1,000 or more than 80% was collected at source.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“They help spread the cost of your tax by making payments in 2 instalments. Each payment is half of the tax you owed last year. These payments are due by midnight on 31 January and 31 July.”\n\nNote: Page also states exceptions: unless either: the amount of tax you owed last year was less than £1,000 last year you paid more than 80% of the tax you owed outside of Self Assessment", "source_type": "official", "source_link": "https://www.gov.uk/understand-self-assessment-bill/payments-on-account", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "They help spread the cost of your tax by making payments in 2 instalments. Each payment is half of the tax you owed last year. These payments are due by midnight on 31 January and 31 July.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK Self Assessment - payments on account", "topic": "two instalments due 31 Jan and 31 July, thresholds", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_trading_allowance_amount_full_relief", "category": "Business", "title": "£1,000 tax-free allowance for trading income", "summary": "You can get up to £1,000 each tax year in tax-free allowances for trading income; if annual gross trading income is £1,000 or less you may not have to tell HMRC.", "body": "You can get up to £1,000 each tax year in tax-free allowances for trading income; if annual gross trading income is £1,000 or less you may not have to tell HMRC.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“You can get up to £1,000 each tax year in tax-free allowances for property or trading income from 6 April 2017.”\n\nNote: Page also: The trading allowance is a tax exemption of up to £1,000 a year for individuals with trading income", "source_type": "official", "source_link": "https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "You can get up to £1,000 each tax year in tax-free allowances for property or trading income from 6 April 2017.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK trading allowance - amount and full relief", "topic": "£1,000 tax-free allowance for trading income", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_trading_allowance_partial_relief", "category": "Business", "title": "Choice between £1,000 allowance and actual expenses", "summary": "If annual gross trading income is more than £1,000 you can use the £1,000 allowance instead of deducting actual expenses, but cannot deduct more than income or create a loss.", "body": "If annual gross trading income is more than £1,000 you can use the £1,000 allowance instead of deducting actual expenses, but cannot deduct more than income or create a loss.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“If your annual gross trading or property income, from one or more trades or businesses is more than £1,000 you can use the tax-free allowances, instead of deducting any expenses or other allowances.”", "source_type": "official", "source_link": "https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "If your annual gross trading or property income, from one or more trades or businesses is more than £1,000 you can use the tax-free allowances, instead of deducting any expenses or other allowances.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK trading allowance - partial relief over £1,000", "topic": "choice between £1,000 allowance and actual expenses", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_recordkeeping_what_to_keep", "category": "Business", "title": "Categories of records required", "summary": "You must keep records of all sales and income, all business expenses, VAT records if registered, PAYE records if you employ people, records about personal income, and grants.", "body": "You must keep records of all sales and income, all business expenses, VAT records if registered, PAYE records if you employ people, records about personal income, and grants.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“You'll need to keep records of: all sales and income all business expenses VAT records if you're registered for VAT PAYE records if you employ people records about your personal income”", "source_type": "official", "source_link": "https://www.gov.uk/self-employed-records/what-records-to-keep", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "You'll need to keep records of: all sales and income all business expenses VAT records if you're registered for VAT PAYE records if you employ people records about your personal income", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK self-employed records - what to keep", "topic": "categories of records required", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_recordkeeping_proof_types", "category": "Business", "title": "Examples of proof to retain", "summary": "Types of proof include all receipts for goods and stock, bank statements, chequebook stubs, sales invoices, till rolls and bank slips.", "body": "Types of proof include all receipts for goods and stock, bank statements, chequebook stubs, sales invoices, till rolls and bank slips.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“Types of proof include: all receipts for goods and stock bank statements, chequebook stubs sales invoices, till rolls and bank slips”", "source_type": "official", "source_link": "https://www.gov.uk/self-employed-records/what-records-to-keep", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "Types of proof include: all receipts for goods and stock bank statements, chequebook stubs sales invoices, till rolls and bank slips", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK self-employed records - proof examples", "topic": "examples of proof to retain", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_recordkeeping_how_long_5y", "category": "Business", "title": "UK self-employed records - how long to keep: 5 years after 31 January submission deadline", "summary": "Self-employed records must be kept for at least 5 years after the 31 January submission deadline of the relevant tax year.", "body": "Self-employed records must be kept for at least 5 years after the 31 January submission deadline of the relevant tax year.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“You must keep your records for at least 5 years after the 31 January submission deadline of the relevant tax year.”\n\nNote: HMRC guidance also notes penalty up to £3,000 for failing to keep records; this quote is from HMRC self-employed records overview via associated guidance.", "source_type": "official", "source_link": "https://www.gov.uk/self-employed-records", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "You must keep your records for at least 5 years after the 31 January submission deadline of the relevant tax year.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK self-employed records - how long to keep", "topic": "5 years after 31 January submission deadline", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_vat_threshold_90k", "category": "Business", "title": "Taxable turnover threshold requiring registration", "summary": "You must register for VAT if your total taxable turnover for the last 12 months goes over £90,000, or you expect it to go over £90,000 in the next 30 days.", "body": "You must register for VAT if your total taxable turnover for the last 12 months goes over £90,000, or you expect it to go over £90,000 in the next 30 days.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“You must register if either: your total taxable turnover for the last 12 months goes over £90,000 (the VAT threshold) you expect your taxable turnover to go over £90,000 in the next 30 days”\n\nNote: Threshold from 1 April 2024; voluntary registration allowed below threshold.", "source_type": "official", "source_link": "https://www.gov.uk/register-for-vat", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "You must register if either: your total taxable turnover for the last 12 months goes over £90,000 (the VAT threshold) you expect your taxable turnover to go over £90,000 in the next 30 days", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK VAT registration threshold", "topic": "taxable turnover threshold requiring registration", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_vat_registration_timing", "category": "Business", "title": "30-day registration window and effective dates", "summary": "If turnover exceeds threshold in last 12 months, register within 30 days of month end; effective date is first day of second month after exceeding; if expecting to exceed in next 30 days, register by end of that period with effective date when expectation arose.", "body": "If turnover exceeds threshold in last 12 months, register within 30 days of month end; effective date is first day of second month after exceeding; if expecting to exceed in next 30 days, register by end of that period with effective date when expectation arose.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“You have to register within 30 days of the end of the month when you went over the threshold. Your effective date of registration is the first day of the second month after you go over the threshold.”\n\nNote: Second rule quote on same page: You have to register by the end of that 30-day period. Your effective date of registration is the date you realised, not the date your turnover went over the threshold.", "source_type": "official", "source_link": "https://www.gov.uk/register-for-vat", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "You have to register within 30 days of the end of the month when you went over the threshold. Your effective date of registration is the first day of the second month after you go over the threshold.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK VAT registration - timing and effective date", "topic": "30-day registration window and effective dates", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_uk_business_expenses_categories", "category": "Business", "title": "HMRC list of allowable expense categories", "summary": "HMRC groups allowable self-employed expenses into office costs, travel costs, clothing expenses, staff costs, things you buy to sell on, financial costs, costs of business premises, advertising or marketing, and training courses related to business.", "body": "HMRC groups allowable self-employed expenses into office costs, travel costs, clothing expenses, staff costs, things you buy to sell on, financial costs, costs of business premises, advertising or marketing, and training courses related to business.\n\nWhat HM Revenue & Customs (GOV.UK) actually says:\n\n“You can deduct these costs to work out your taxable profit before paying Income Tax as long as they're allowable expenses. For example, if your turnover is £40,000 and you claim £10,000 in allowable expenses, you'll only pay Income Tax on the remaining £30,000 - known as your taxable profit.”\n\nNote: Categories listed verbatim on same page: office costs, for example stationery or phone bills; travel costs, for example fuel, parking, train or bus fares; clothing expenses, for example uniforms; staff costs, for example salaries or subcontractor costs; things you buy to sell on, for example stock or raw materials; financial costs, for example insurance or bank charges; costs of your business premises, for example heating, lighting, business rates; advertising or marketing, for example website costs; training courses related to your business, for example refresher courses", "source_type": "official", "source_link": "https://www.gov.uk/expenses-if-youre-self-employed/overview", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "HM Revenue & Customs (GOV.UK)", "evidence_quote": "You can deduct these costs to work out your taxable profit before paying Income Tax as long as they're allowable expenses. For example, if your turnover is £40,000 and you claim £10,000 in allowable expenses, you'll only pay Income Tax on the remaining £30,000 - known as your taxable profit.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "UK self-employed allowable expenses - categories", "topic": "HMRC list of allowable expense categories", "applies_to_country": "GB", "tags": { "lane": "any", "stage": "any", "region": [ "uk" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_ca_instalments_who_must_pay", "category": "Business", "title": "Canada CRA instalments - who must pay: $3,000 ($1,800 Quebec) threshold over two years", "summary": "You may have to pay tax instalments if net tax owing is more than $3,000 ( $1,800 for Quebec) for the current year and in either of the two prior years.", "body": "You may have to pay tax instalments if net tax owing is more than $3,000 ( $1,800 for Quebec) for the current year and in either of the two prior years.\n\nWhat Canada Revenue Agency actually says:\n\n“You may have to pay tax instalments for next year's taxes, if your net tax owing is more than $3,000 (for Quebec $1,800) for 2026 and in either 2025 or 2024.”", "source_type": "official", "source_link": "https://www.canada.ca/en/revenue-agency/services/payments/payments-cra/individual-payments/income-tax-instalments.html", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Canada Revenue Agency", "evidence_quote": "You may have to pay tax instalments for next year's taxes, if your net tax owing is more than $3,000 (for Quebec $1,800) for 2026 and in either 2025 or 2024.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Canada CRA instalments - who must pay", "topic": "$3,000 ($1,800 Quebec) threshold over two years", "applies_to_country": "CA", "applies_to_scope": "Quebec has separate $1,800 provincial+federal thresholds", "tags": { "lane": "any", "stage": "any", "region": [ "ca" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_ca_instalments_dates", "category": "Business", "title": "Four payment dates", "summary": "Tax instalment payments are due March 15, June 15, September 15 and December 15, except farmers and fishers who have one due date December 31.", "body": "Tax instalment payments are due March 15, June 15, September 15 and December 15, except farmers and fishers who have one due date December 31.\n\nWhat Canada Revenue Agency actually says:\n\n“Tax instalment payments are due by the following dates (except farmers and fishers who have one due date on December 31): March 15 June 15 September 15 December 15”", "source_type": "official", "source_link": "https://www.canada.ca/en/revenue-agency/services/payments/payments-cra/individual-payments/income-tax-instalments.html", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Canada Revenue Agency", "evidence_quote": "Tax instalment payments are due by the following dates (except farmers and fishers who have one due date on December 31): March 15 June 15 September 15 December 15", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Canada CRA instalments - quarterly due dates", "topic": "four payment dates", "applies_to_country": "CA", "tags": { "lane": "any", "stage": "any", "region": [ "ca" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_ca_recordkeeping_what_to_keep", "category": "Business", "title": "Canada CRA recordkeeping - what to keep: income, expense, property records required", "summary": "You are required by law to keep records of all transactions to support income and expense claims, including income records with date, amount and source, expense receipts with seller, buyer and description, and property records showing cost, date and disposition.", "body": "You are required by law to keep records of all transactions to support income and expense claims, including income records with date, amount and source, expense receipts with seller, buyer and description, and property records showing cost, date and disposition.\n\nWhat Canada Revenue Agency actually says:\n\n“You are required by law to keep records of all your transactions to be able to support your income and expense claims.”\n\nNote: Same page details what supporting documents must show: date of purchase, name and address of seller/supplier, name and address of buyer, full description, vendor business number if GST/HST registrant and purchase $100 or more.", "source_type": "official", "source_link": "https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/business-records.html", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Canada Revenue Agency", "evidence_quote": "You are required by law to keep records of all your transactions to be able to support your income and expense claims.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Canada CRA recordkeeping - what to keep", "topic": "income, expense, property records required", "applies_to_country": "CA", "tags": { "lane": "any", "stage": "any", "region": [ "ca" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_ca_recordkeeping_how_long_6y", "category": "Business", "title": "Canada CRA recordkeeping - retention period: 6 years from end of last tax year", "summary": "Generally you must keep all required records and supporting documents for six years from the end of the last tax year they relate to.", "body": "Generally you must keep all required records and supporting documents for six years from the end of the last tax year they relate to.\n\nWhat Canada Revenue Agency actually says:\n\n“Generally, you must keep all required records and supporting documents for a period of six years from the end of the last tax year they relate to.”\n\nNote: Page adds: If you file an income tax return late, you must keep your records for six years from the date you file that return.", "source_type": "official", "source_link": "https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/keeping-records/where-keep-your-records-long-request-permission-destroy-them-early.html", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Canada Revenue Agency", "evidence_quote": "Generally, you must keep all required records and supporting documents for a period of six years from the end of the last tax year they relate to.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Canada CRA recordkeeping - retention period", "topic": "6 years from end of last tax year", "applies_to_country": "CA", "tags": { "lane": "any", "stage": "any", "region": [ "ca" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_ca_gst_hst_threshold_30k", "category": "Business", "title": "$30,000 threshold requiring registration", "summary": "You are a small supplier and do not have to register if you do not exceed $30,000 threshold over four consecutive calendar quarters; exceeding it triggers mandatory registration.", "body": "You are a small supplier and do not have to register if you do not exceed $30,000 threshold over four consecutive calendar quarters; exceeding it triggers mandatory registration.\n\nWhat Canada Revenue Agency actually says:\n\n“You do not exceed the $30,000 threshold over four consecutive calendar quarters. You are a small supplier. You do not have to register.”\n\nNote: Table wording: If you exceed $30,000 in a single calendar quarter, you are no longer a small supplier and have to charge GST/HST on the supply that made you exceed $30,000", "source_type": "official", "source_link": "https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/when-register-charge.html", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Canada Revenue Agency", "evidence_quote": "You do not exceed the $30,000 threshold over four consecutive calendar quarters. You are a small supplier. You do not have to register.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Canada CRA GST/HST registration - small supplier threshold", "topic": "$30,000 threshold requiring registration", "applies_to_country": "CA", "tags": { "lane": "any", "stage": "any", "region": [ "ca" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_ca_gst_hst_threshold_timing", "category": "Business", "title": "Timing of registration once threshold exceeded", "summary": "Exceeding $30,000 in a single quarter makes you not a small supplier on the supply that made you exceed, effective that day; exceeding over four quarters makes you not a small supplier at end of month following the quarter, effective first supply after.", "body": "Exceeding $30,000 in a single quarter makes you not a small supplier on the supply that made you exceed, effective that day; exceeding over four quarters makes you not a small supplier at end of month following the quarter, effective first supply after.\n\nWhat Canada Revenue Agency actually says:\n\n“You exceed the $30,000 threshold in a single calendar quarter. You are no longer a small supplier and have to charge GST/HST on the supply that made you exceed $30,000 within the calendar quarter.”\n\nNote: Page also states: You will have to register within 29 days of your effective date of registration.", "source_type": "official", "source_link": "https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/when-register-charge.html", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Canada Revenue Agency", "evidence_quote": "You exceed the $30,000 threshold in a single calendar quarter. You are no longer a small supplier and have to charge GST/HST on the supply that made you exceed $30,000 within the calendar quarter.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Canada CRA GST/HST registration - effective dates and 29-day rule", "topic": "timing of registration once threshold exceeded", "applies_to_country": "CA", "tags": { "lane": "any", "stage": "any", "region": [ "ca" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_ca_business_expenses_categories", "category": "Business", "title": "Operating expenses that may be deducted", "summary": "CRA lists operating expenses that may be deducted including advertising, bad debts, business start-up costs, business taxes/fees/licences/dues, business-use-of-home, capital cost allowance, delivery/freight, fuel, insurance, interest/bank charges, legal/accounting/professional fees, maintenance/repairs, management/administration, meals and entertainment (allowable part only), motor vehicle expenses, office expenses, rent, salaries/wages/benefits, supplies, telephone/utilities, travel and others.", "body": "CRA lists operating expenses that may be deducted including advertising, bad debts, business start-up costs, business taxes/fees/licences/dues, business-use-of-home, capital cost allowance, delivery/freight, fuel, insurance, interest/bank charges, legal/accounting/professional fees, maintenance/repairs, management/administration, meals and entertainment (allowable part only), motor vehicle expenses, office expenses, rent, salaries/wages/benefits, supplies, telephone/utilities, travel and others.\n\nWhat Canada Revenue Agency actually says:\n\n“The following may be considered when determining operating expenses: advertising allowance on eligible capital property bad debts business start-up costs business taxes, fees, licences, and dues business-use-of-home expenses capital cost allowance delivery, freight, and express fuel costs (except for motor vehicles) insurance interest and bank charges”\n\nNote: Full list continues with legal/accounting/professional, maintenance/repairs, management/administration, meals and entertainment, motor vehicle, non-compliant short-term rentals, office, prepaid, property taxes, rent, salaries, supplies, telephone/utilities, travel, and further sub-items for interest and meals.", "source_type": "official", "source_link": "https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/business-expenses.html", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Canada Revenue Agency", "evidence_quote": "The following may be considered when determining operating expenses: advertising allowance on eligible capital property bad debts business start-up costs business taxes, fees, licences, and dues business-use-of-home expenses capital cost allowance delivery, freight, and express fuel costs (except for motor vehicles) insurance interest and bank charges", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Canada CRA business expenses - categories", "topic": "operating expenses that may be deducted", "applies_to_country": "CA", "tags": { "lane": "any", "stage": "any", "region": [ "ca" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_au_payg_who_must_enter", "category": "Business", "title": "Business/investment income and tax thresholds for entry", "summary": "ATO places individuals/trusts into PAYG instalments automatically if latest return shows instalment income $4,000+ and tax payable $1,000+ and notional tax $500+; companies/super funds if instalment income $2m+ or notional tax $500+.", "body": "ATO places individuals/trusts into PAYG instalments automatically if latest return shows instalment income $4,000+ and tax payable $1,000+ and notional tax $500+; companies/super funds if instalment income $2m+ or notional tax $500+.\n\nWhat Australian Taxation Office actually says:\n\n“If you lodge a tax return with instalment income above the entry threshold, you may be required to pay PAYG instalments.”\n\nNote: Entry thresholds published in ATO Pay as you go instalments guide (referenced via search result detail); verified via ATO business.gov and ATO PayG instalments pages.", "source_type": "official", "source_link": "https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/payg-instalments", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Australian Taxation Office", "evidence_quote": "If you lodge a tax return with instalment income above the entry threshold, you may be required to pay PAYG instalments.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Australia ATO PAYG instalments - automatic entry", "topic": "business/investment income and tax thresholds for entry", "applies_to_country": "AU", "tags": { "lane": "any", "stage": "any", "region": [ "au" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_au_payg_due_dates_quarterly", "category": "Business", "title": "Australia ATO PAYG instalments - quarterly due dates: 28 days after quarter end", "summary": "PAYG instalments are generally due 28 days after the end of each quarter: 28 October for July-September, 28 February for October-December, 28 April for January-March, 28 July for April-June.", "body": "PAYG instalments are generally due 28 days after the end of each quarter: 28 October for July-September, 28 February for October-December, 28 April for January-March, 28 July for April-June.\n\nWhat Australian Taxation Office actually says:\n\n“Due dates for pay as you go (PAYG) instalments are generally 28 days after the end of each quarter.”\n\nNote: Table on page shows Q1 July-September 28 October, Q2 October-December 28 February, Q3 January-March 28 April, Q4 April-June 28 July.", "source_type": "official", "source_link": "https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/payg-instalments/when-are-payg-instalments-due", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Australian Taxation Office", "evidence_quote": "Due dates for pay as you go (PAYG) instalments are generally 28 days after the end of each quarter.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Australia ATO PAYG instalments - quarterly due dates", "topic": "28 days after quarter end", "applies_to_country": "AU", "tags": { "lane": "any", "stage": "any", "region": [ "au" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_au_recordkeeping_5y_general", "category": "Business", "title": "General retention period for most business records", "summary": "You need to keep most business records for 5 years, starting from when you prepared or obtained the record or completed the transaction, whichever is later.", "body": "You need to keep most business records for 5 years, starting from when you prepared or obtained the record or completed the transaction, whichever is later.\n\nWhat Australian Taxation Office actually says:\n\n“You need to keep most records for 5 years.”\n\nNote: Page also: Generally, the 5-year retention period for each record starts from when you prepared or obtained the record or completed the transactions or acts those records relate to, whichever is later.", "source_type": "official", "source_link": "https://www.ato.gov.au/businesses-and-organisations/preparing-lodging-and-paying/record-keeping-for-business/overview-of-record-keeping-rules-for-business", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Australian Taxation Office", "evidence_quote": "You need to keep most records for 5 years.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Australia ATO recordkeeping - 5-year retention", "topic": "general retention period for most business records", "applies_to_country": "AU", "tags": { "lane": "any", "stage": "any", "region": [ "au" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_au_recordkeeping_what_to_keep", "category": "Business", "title": "Minimum information required on a record", "summary": "A record must contain date, amount, description and GST information for the transaction, purpose, and relationships between parties if relevant, plus supporting documents.", "body": "A record must contain date, amount, description and GST information for the transaction, purpose, and relationships between parties if relevant, plus supporting documents.\n\nWhat Australian Taxation Office actually says:\n\n“The minimum information that needs to be on a record is generally the: date, amount, and description (for example, sale, purchase, wages, rental) and the relevant goods and services tax (GST) information for the transaction”\n\nNote: Page also notes five rules including not changing data and storing to protect from being changed.", "source_type": "official", "source_link": "https://www.ato.gov.au/businesses-and-organisations/preparing-lodging-and-paying/record-keeping-for-business/overview-of-record-keeping-rules-for-business", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Australian Taxation Office", "evidence_quote": "The minimum information that needs to be on a record is generally the: date, amount, and description (for example, sale, purchase, wages, rental) and the relevant goods and services tax (GST) information for the transaction", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Australia ATO recordkeeping - what information a record must contain", "topic": "minimum information required on a record", "applies_to_country": "AU", "tags": { "lane": "any", "stage": "any", "region": [ "au" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_au_gst_threshold_75000", "category": "Business", "title": "$75,000 GST turnover threshold", "summary": "You must register for GST when your business has a GST turnover of $75,000 or more ($150,000 for non-profit organisations), based on current or projected turnover.", "body": "You must register for GST when your business has a GST turnover of $75,000 or more ($150,000 for non-profit organisations), based on current or projected turnover.\n\nWhat Australian Taxation Office actually says:\n\n“You must register for GST: when your business or enterprise has a GST turnover (gross income from all businesses minus GST) of $75,000 or more (the GST threshold)”\n\nNote: Also stated as: You have to register for GST if your current or projected GST turnover meets the turnover threshold of $75,000 (or $150,000 for non-profit bodies)", "source_type": "official", "source_link": "https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/registering-for-gst", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Australian Taxation Office", "evidence_quote": "You must register for GST: when your business or enterprise has a GST turnover (gross income from all businesses minus GST) of $75,000 or more (the GST threshold)", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Australia ATO GST registration threshold", "topic": "$75,000 GST turnover threshold", "applies_to_country": "AU", "tags": { "lane": "any", "stage": "any", "region": [ "au" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_au_gst_registration_timing_21days", "category": "Business", "title": "21-day registration window", "summary": "Once you are required to register for GST, you need to do so within 21 days, and must check each month if you have reached the threshold.", "body": "Once you are required to register for GST, you need to do so within 21 days, and must check each month if you have reached the threshold.\n\nWhat Australian Taxation Office actually says:\n\n“Once you are required to register for GST, you need to do so within 21 days.”\n\nNote: Also: If you're not registered for GST, check each month to see if you've reached the threshold, or are likely to exceed it. You need to register within 21 days of your GST turnover exceeding the relevant threshold.", "source_type": "official", "source_link": "https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/registering-for-gst", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Australian Taxation Office", "evidence_quote": "Once you are required to register for GST, you need to do so within 21 days.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Australia ATO GST registration timing", "topic": "21-day registration window", "applies_to_country": "AU", "tags": { "lane": "any", "stage": "any", "region": [ "au" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } }, { "id": "learn_r83_setup_tax_steps_au_business_expenses_operating_categories", "category": "Business", "title": "Operating expenses deductible in year incurred", "summary": "ATO lists general business operating expenses including purchases of trading stock, advertising and sponsorship, public relations, legal expenses, tender costs, bad debts, bank fees and charges, annual fees, insurance premiums, interest on money borrowed, lease expenses, stationery, small-value mobile accessories, costs for running a commercial website, internet fees, subscription fees, transport/freight, waste removal, parking fees (not fines), and small-value items $100 or less.", "body": "ATO lists general business operating expenses including purchases of trading stock, advertising and sponsorship, public relations, legal expenses, tender costs, bad debts, bank fees and charges, annual fees, insurance premiums, interest on money borrowed, lease expenses, stationery, small-value mobile accessories, costs for running a commercial website, internet fees, subscription fees, transport/freight, waste removal, parking fees (not fines), and small-value items $100 or less.\n\nWhat Australian Taxation Office actually says:\n\n“Operating expenses are the expenses you have paid for (incurred), or have to pay for (incur), in the everyday running of your business. Examples include office stationery, renting premises and purchase of trading stock.”\n\nNote: Same page lists General business operating expenses verbatim: purchases of trading stock including delivery charges; advertising and sponsorship; public relations; legal expenses; tender costs even if unsuccessful; bad debts; bank fees and charges; annual fees charged by statutory bodies; insurance premiums including accident or disability, fire, burglary, professional indemnity, public risk, motor vehicle, loss of profits, workers compensation; interest on money borrowed; lease expenses; stationery; small-value mobile phone and tablet accessories; costs for running a commercial website; internet service provider fees; subscription fees for off-the-shelf software; transport and freight; waste removal and recycling; parking fees (but not parking fines); small-value items costing $100 or less.", "source_type": "official", "source_link": "https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/income-and-deductions-for-business/deductions/deductions-for-other-operating-expenses", "last_verified": "2026-09-03", "reliability": "STRONG PRACTICE", "source_tier": "A", "source_publisher": "Australian Taxation Office", "evidence_quote": "Operating expenses are the expenses you have paid for (incurred), or have to pay for (incur), in the everyday running of your business. Examples include office stationery, renting premises and purchase of trading stock.", "volatility": "low", "from_batch": "83-setup-tax-steps", "subject": "Australia ATO business operating expenses - categories", "topic": "operating expenses deductible in year incurred", "applies_to_country": "AU", "tags": { "lane": "any", "stage": "any", "region": [ "au" ], "platform": "any", "topic": [ "unclassified" ], "explicitness": "any" } } ] }