Beginning with tax year 2026, the One Big Beautiful Bill Act (OBBBA) raises the 1099 reporting threshold to $2,000 and adjusts it for inflation each year going forward.
Read More 1099 Reporting Threshold Increases from $600 to $2,000 for Tax Year 2026 Under OBBBA
Author:
Rachel Blakely-Gray
As Patriot's Content Manager, Rachel creates engaging and informative content aimed to help business owners understand complex accounting and payroll topics.
Trump Accounts: A New Benefit for Your Team?
In July 2025, the government passed a massive bill (“The One Big Beautiful Bill”). The bill made sweeping changes like no tax on overtime and no tax on tips. It also established “Trump Accounts” for children.
Read More Trump Accounts: A New Benefit for Your Team?
Payroll Deduction Authorization Form: What to Include
A payroll deduction authorization form is a signed document that lets an employer withhold a set amount from an employee’s pay for a specific purpose.
Read More Payroll Deduction Authorization Form: What to Include
What Is Callback Pay, and How Do I Compensate Employees?
Key Takeaways − Callback pay (or call-back pay) is extra pay you give when you call an employee back to work after they’ve left for the day. The Fair Labor Standards Act (FLSA) does not require callback pay itself, but it does require you to pay for all hours worked, and it requires overtime when […]
Read More What Is Callback Pay, and How Do I Compensate Employees?
Handling the Payroll Complexities of Crossing the 50-employee Threshold
Key Takeaways − Hitting 50 employees is a major compliance milestone, especially under federal benefits and health coverage rules. Payroll gets more complex as you add benefits, more pay types, and tracking. You may also face multi-state issues. You need tighter processes, better systems, and clear documentation to avoid penalties and payroll errors. A modern […]
Read More Handling the Payroll Complexities of Crossing the 50-employee Threshold
Pay Compression: What It Is, Why It Happens, and How to Fix It
Pay compression happens when the pay gap between newer and longer-tenured employees shrinks, often because starting salaries rise faster than existing raises.
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Employer Student Loan Repayment: Up to $5,250 Tax-free Permanently
If you’re looking for a new benefit to offer employees, you might consider employer student loan repayment. The benefit itself isn’t new, but it got a tax-exemption makeover in 2020 thanks to the CARES Act and Consolidated Appropriations Act. And in 2025, the One Big Beautiful Bill Act made the tax exemption permanent.
Read More Employer Student Loan Repayment: Up to $5,250 Tax-free Permanently
How to Fill Out a 1099-NEC: Your Complete Guide
Did you make payments to independent contractors during the year? If so, you must use Form 1099-NEC. For accurate reporting of contractor payments, learn how to fill out a 1099-NEC.
Read More How to Fill Out a 1099-NEC: Your Complete Guide
“SOS! Do I Need to Prepare a 1099 for Credit Card Payments I Make to Contractors?”
Paying a contractor to perform work for your business comes with a little disclaimer: reporting said payments on Form 1099-NEC. But what if you pay your contractor using a credit card? Do you have to prepare a 1099 for credit card payments?
Read More “SOS! Do I Need to Prepare a 1099 for Credit Card Payments I Make to Contractors?”
IRS Electronic Filing Requirements: Who Needs to E-file?
You may have to file information returns like Form W-2 and Form 1099-NEC when you have employees, work with independent contractors, or meet other requirements. Some businesses must electronically file these returns with the IRS. There is an IRS electronic filing threshold that determines which companies must e-file.
Read More IRS Electronic Filing Requirements: Who Needs to E-file?