Before 2020, business owners used one universal form, Form 1099-MISC, to report nonemployee compensation and other types of payments (e.g., rent). But after a 38-year absence, Form 1099-NEC made a return in 2020. So, how do these forms differ? Read on to learn all about Form 1099-MISC vs. 1099-NEC and which form you need to […]
Read More What’re the Differences Between Form 1099-MISC vs. 1099-NEC?
Guest Author:
Maria Tanski-Phillips
Maria creates helpful and practical content for Patriot’s marketing department. She began as a Content Writer in 2018.
Form 1099-NEC for Reporting Contractor Payments
July 28, 2026After a 38-year absence, Form 1099-NEC made its return in the 2020 tax year. For the last few decades, business owners were responsible for using Form 1099-MISC to report nonemployee compensation. But with Form 1099-NEC, employers can say hello to a revamped form and goodbye to reporting nonemployee compensation on Form 1099-MISC.
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Restaurant Payroll, Simplified: The Best Payroll Process for Restaurants
May 21, 2026Quick Answer: To run restaurant payroll, collect timesheets and tip reports, calculate gross pay (including overtime, multiple rates, and tips), apply withholdings and employer taxes, and pay employees on a compliant schedule. For tips, require monthly reporting (at least $20 in tips) and withhold FICA and income tax; consider the FICA tip credit (Section 45B). […]
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Paying Remote Employees
March 11, 2026Remote work is gaining popularity across the globe (just check out our remote work map for the full scoop). And if remote work is a whole new ballgame for your business, you may be wondering what you need to do differently to pay your workers who telecommute. Read on to learn what aspects you need […]
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Sales Tax Laws by State: What’re Your State’s Rules?
March 5, 2026Forty-five states and Washington D.C. have some type of state sales tax. Some states might even have different sales tax rates or rules for local taxes or online sales. Chances are, your business is probably in a state with sales tax. To remain compliant, you must know sales tax laws by state. Read on to […]
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How to Fill Out Form 941 (2026): Step-by-step Instructions to Fill Out Form 941
March 2, 2026If you have employees, you likely need to fill out and file Form 941 each quarter. Form 941 is jam-packed with different sections and calculations, which leaves room for errors. Avoid major Form 941 mistakes and learn how to fill out Form 941 line by line here.
Read More How to Fill Out Form 941 (2026): Step-by-step Instructions to Fill Out Form 941
How to Get More Clients for Your Accounting Firm: 8 Tips
March 2, 2026Want to win over some new clients? If so, you have to be willing to put in a little elbow grease. Sure, growing your client base doesn’t happen overnight. But with a little research, the right marketing strategies, and a few tips (eight to be exact), you can expand your client base in no time. […]
Read More How to Get More Clients for Your Accounting Firm: 8 Tips
How to Start an E-commerce Business from Scratch
February 27, 2026Thanks to the evolution of technology, you can run your business all behind a computer screen nowadays. If you like the idea of running a business online, then an e-commerce business might be a good fit for you. Read on to learn how to start an e-commerce business and tips for successfully building an online […]
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Ready, Set, Go! Learn How to Form a Partnership Using These 10 Steps
February 23, 2026When you start a business, you have to determine whether you are going to call the shots by yourself or have a co-owner. If you’re not too keen on the idea of running a business solo, you may consider starting a partnership. Find out how to form a partnership to get the ball rolling on […]
Read More Ready, Set, Go! Learn How to Form a Partnership Using These 10 Steps
Top 5 Accounting Errors You Might Be Making [+ Tips to Find Them]
February 2, 2026Accounting errors are inevitable, especially if you’re rushing to add information into your small business accounting books. To detect accounting errors sooner rather than later, learn which ones to keep an eye out for and how to find them in the first place.
Read More Top 5 Accounting Errors You Might Be Making [+ Tips to Find Them]