Over 75% of consumers use payment service apps. And if you’re part of the growing percentage of small businesses (23% in 2019, to be exact) that accept peer-to-peer (P2P) payments, you should know about the IRS cash app reporting rules—and how they’ve changed over the past few years.
Read More IRS Cash App Reporting Rules: What to Know
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
You’re probably familiar with Forms 1099-MISC and 1099-NEC. But, how much do you know about the other types of 1099 forms?
Read More Your Crash Course on the Different Types of 1099 Forms
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
Once you send Forms W-2 to your employees, you don’t have to worry about the annual form until next year. Or, do you? If you don’t know how to fill out Form W-2, you may run into problems.
Read More How to Fill Out Form W-2: Box-by-box Breakdown
Each year, you need to file Form W-2 for your employees. You might need to use Form W-2 Box 12 codes to accurately fill out Form W-2.
Read More Form W-2 Box 12 Codes and Explanations
Do you need an extra set of hands for a few weeks or months? You may opt for a temporary employee. Temporary employees can cover for employees on leave, help during your busy season, or fill in gaps in the workplace.
Read More How to Hire and Manage Temporary Employees
Deciding on a pay frequency for your small business is an important decision. Your pay frequency determines how often you process payroll and when employees receive their paychecks. Two popular, yet easily confused, pay periods are biweekly and semimonthly.
Read More Biweekly vs. Semimonthly Payroll: Understand the Difference
If you’re a fan of organization, consider adding structure to how you determine salaries and raises. Learn about the different types of salary structure you can use in your small business.
Read More 3 Types of Salary Structure You Should Know
Found the best new hire thanks to an employee referral program? Great! Next on the agenda is paying out the referral bonus to the referring employee.
Read More Referral Bonus Payouts: Don’t Cut That Check! Your Guide Has Arrived