New IRS Rule: What Small Business Owners Need to Know
New IRS Rule: What Small Business Owners Need to Know
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A new IRS rule is dropping payment processor reporting thresholds to levels that could catch millions of small business owners and side hustlers off guard.
Starting in 2025, processors like Venmo, PayPal, and Stripe will report transactions as low as $2,500. By 2026, that drops to just $600.
This video breaks down exactly what this means for your business and shows you the simple steps to protect yourself before these changes hit.
You'll discover why mixing personal and business transactions on the same payment app could trigger audit risks, and how to organize your finances now to avoid major headaches later.
Don't let new IRS rules catch you unprepared.
#IRSRules #SmallBusiness #TaxPlanning #PaymentApps #SideHustle #TaxStrategy #BusinessTaxes #IRSCompliance
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