The Journal

Tax & accounting insight

Plain-English guidance for companies and private clients across the US, UK & UAE — 284 articles and growing.

Catch-up bookkeeping - Tranzesta bookkeeping guide
Bookkeeping & Accounting

Catch-Up Bookkeeping: Fix a Year of Messy Books

Catch-up bookkeeping: why behind books are dangerous and a step-by-step process to reconcile, categorise and get current…

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Partnership vs S-corp - Tranzesta business structure guide
Business Structure & Entities

Partnership vs S-Corp: Which Multi-Owner Structure Wins?

Partnership vs S-corp: how each is taxed, the self-employment tax difference, ownership flexibility and which multi-owne…

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When to switch to an S-corp - Tranzesta tax guide
Business Structure & Entities

When Should You Switch to an S-Corp? The Break-Even Point

When to switch to an S-corp: how it saves self-employment tax, the salary/distribution split, the break-even point and t…

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Reporting foreign rental income - Tranzesta cross-border tax guide
International & Expat Tax

Reporting Foreign Rental Income on Your US Return

Reporting foreign rental income on your US return: Schedule E, foreign depreciation, currency conversion, the foreign ta…

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Foreign tax credit Form 1116 - Tranzesta cross-border tax guide
International & Expat Tax

Foreign Tax Credit (Form 1116): How It Works

Foreign tax credit explained: what it is, who needs Form 1116, credit vs deduction, the limitation and carryover – for U…

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Dropshipping taxes - Tranzesta e-commerce tax guide
E-commerce & Sales Tax

Dropshipping Taxes: Sales Tax Nexus & Income Reporting

Dropshipping taxes: income tax, sales tax nexus, resale certificates, who collects sales tax and the deductions dropship…

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Shopify seller taxes 2026 - Tranzesta e-commerce tax guide
E-commerce & Sales Tax

Shopify Seller Taxes 2026: Sales Tax, 1099-K & Deductions

Shopify seller taxes 2026: income tax, sales tax and economic nexus, 1099-K, inventory and the deductions Shopify seller…

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Cannabis business banking and accounting - Tranzesta guide
Cannabis Accounting & Tax

Cannabis Business Banking & Cash Accounting Guide

Cannabis business banking and cash accounting: why banking is hard, FinCEN and Form 8300 cash rules, internal controls a…

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Crypto tax-loss harvesting - Tranzesta crypto tax guide
Cryptocurrency Tax

Crypto Tax-Loss Harvesting: A 2026 Guide

Crypto tax-loss harvesting: how to use crypto losses to offset capital gains, the wash-sale nuance, and how to do it cor…

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Crypto airdrops and hard forks tax - Tranzesta crypto tax guide
Cryptocurrency Tax

Crypto Airdrops & Hard Forks: How the IRS Taxes Them

Crypto airdrops and hard forks: how the IRS taxes them as ordinary income at fair market value, cost basis going forward…

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Creator LLC vs sole proprietor - Tranzesta tax comparison
Creator Economy Tax

Content Creator: LLC vs Sole Proprietor (Tax Comparison)

Content creator LLC vs sole proprietor: how each is taxed, what an LLC really changes, and when forming one (or an S-cor…

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Brand deal and sponsorship taxes - Tranzesta creator tax guide
Creator Economy Tax

Brand Deal & Sponsorship Income: Tax Rules for Creators

Brand deal taxes for creators: how sponsorships, gifted product and affiliate income are taxed, 1099-NEC rules and the c…

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Kick streamer taxes 2026 - Tranzesta creator tax guide
Creator Economy Tax

Kick Streamer Taxes 2026: What Live Streamers Owe

Kick streamer taxes 2026: is streaming income taxable, self-employment tax, quarterly payments, and the gear, internet a…

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US companies paying UK contractors - Tranzesta cross-border tax guide
International & Expat Tax

US Companies Paying UK Contractors: The Tax Rules

Paying UK contractors as a US company: classification, W-8BEN, why there’s usually no US withholding, and the UK self-as…

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Bonus depreciation vs Section 179 - Tranzesta tax guide
Business Deductions

Bonus Depreciation vs Section 179: Which Should You Use?

Bonus depreciation vs Section 179: the key differences, what qualifies, how they interact and which write-off to choose …

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Reasonable compensation for S-corp owners - Tranzesta tax guide
Business Structure & Entities

Reasonable Compensation for S-Corp Owners: Get It Right

Reasonable compensation for S-corp owners: how the IRS decides what’s reasonable, why it matters for payroll tax, and ho…

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Accountable plan reimbursement - Tranzesta tax guide
Business Deductions

Accountable Plan: Reimburse Yourself Tax-Free (2026 Guide)

Accountable plan: how S-corp and LLC owners reimburse themselves tax-free – the three IRS rules, what you can claim and …

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Hiring your children in your business - Tranzesta tax guide
Tax Planning & Retirement

Hiring Your Children in Your Business: A 2026 Tax Strategy

Hiring your children in your business: a legitimate 2026 tax strategy – the benefits, the ‘reasonable wages for real wor…

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OnlyFans Chargebacks and Refunds: Tax Treatment Explained
Creator Economy Tax

OnlyFans Chargebacks and Refunds: Tax Treatment Explained

A chargeback or refund on OnlyFans does not just cost you a subscriber — it can also distort your tax return if you hand…

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Multi-Platform Creator: How to Report Income from 10 Sources
Creator Economy Tax

Multi-Platform Creator: How to Report Income from 10 Sources

you earn money from YouTube, OnlyFans, TikTok, Patreon, Twitch, Instagram, brand deals, merchandise, and digital product…

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OnlyFans Models: Should You Form an LLC in Wyoming?
Creator Economy Tax

OnlyFans Models: Should You Form an LLC in Wyoming?

More than 4 million creators earn money on OnlyFans in the United States, yet most of them leave serious money on the ta…

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Content Creator Common IRS Mistakes and How to Avoid Them
Creator Economy Tax

Content Creator Common IRS Mistakes and How to Avoid Them

The IRS collected over $68 billion in civil penalties in a recent fiscal year — and a significant portion came from self…

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OnlyFans Tax Myths Debunked: 10 Misconceptions Creators Believe
Creator Economy Tax

OnlyFans Tax Myths Debunked: 10 Misconceptions Creators Believe

Nearly half of OnlyFans creators in the United States underreport or misreport their income — not out of dishonesty, but…

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Amazon FBA Seller Taxes: Inventory, Sales Tax & Income
E-commerce & Sales Tax

Amazon FBA Seller Taxes: Inventory, Sales Tax & Income

Amazon FBA seller taxes 2026 are more complex than most sellers expect — and the IRS is paying attention. If you sell pr…

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