Your employees might have a change in family status while at your small business. An employee could get married, while another might give birth to or adopt a child. When your employees have a family status change, you need to update payroll records.
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Author:
Rachel Blakely-Gray
Rachel Blakely-Gray has spent more than a decade writing about payroll, payroll taxes, and accounting for small business owners at Patriot Software. As Content Manager, she covers everything from multi-state payroll tax filing to 1099 reporting requirements, translating IRS and state regulations into plain English.
IRS Electronic Filing Requirements: Who Needs to E-file?
August 20, 2026You 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?
Types of Wages That Might Come up in Your Small Business
August 20, 2026Deciding how to pay employees takes careful consideration. Not only do you need to think about what payment methods for employees you will use (e.g., direct deposit vs. paper checks), but you also need to consider the types of wages you will provide.
Read More Types of Wages That Might Come up in Your Small Business
How Do I File a 1099 for My Independent Contractors?
August 19, 2026If you hire an independent contractor and pay them $2,000 or more (new 1099 reporting threshold beginning in tax year 2026, up from $600) during the tax year, you must create, distribute, and file Form-1099-NEC. You might wonder, How do I file a 1099?
Read More How Do I File a 1099 for My Independent Contractors?
9 Self-employment Tax Deductions You Should Be Taking
August 19, 2026If you are self-employed, you might be overwhelmed by the expenses you have, including your self-employment tax liabilities. However, you can claim self-employment tax deductions to reduce the amount you owe in taxes. See how you can take advantage of self-employed tax relief below.
Read More 9 Self-employment Tax Deductions You Should Be Taking
What Is an S Corporation?
August 19, 2026Before you can get your small company rolling, you need to decide on a business structure. Your business entity impacts everything from taxes to profits and losses, so it’s essential that you choose a structure that works for your company. One popular small business structure is an S corporation. According to the SBA, 52.1% of […]
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Petty Cash: Accounting & Beyond
August 19, 2026Thinking about providing petty cash to employees? Before establishing a petty cash fund at your small business, be prepared to create a petty cash accounting system.
Read More Petty Cash: Accounting & Beyond
What Is an Invoice? That’ll Be $400, Net 30
August 18, 2026Your roof starts leaking. So, you hire a contractor to put in a new one. At the end of the job, you receive a piece of paper (an invoice) from the contractor billing you for their services. And if your business sells goods or services to customers and doesn’t collect money immediately, you’ll also have […]
Read More What Is an Invoice? That’ll Be $400, Net 30
Form 1096: What it Is, Filing Instructions, and More
August 18, 2026Sometimes, you need to hire workers who aren’t employees to complete certain tasks at your business. When you hire contractors or vendors, you must prepare Forms 1099-NEC or 1099-MISC so they can accurately file their personal tax returns. You also need to submit Form 1096 with the Forms 1099 you send to the IRS.
Read More Form 1096: What it Is, Filing Instructions, and More
How to Create a Business Budget: From Planning to Profit
August 17, 2026People are budgeting more than ever, 86% of Americans, to be exact. And they’re budgeting for a good reason. Eighty-five percent of people said budgeting helped them get out or stay out of debt. Whether you’re a budgeter in your personal life or not, one thing’s for certain: Budgeting for your business is a must.
Read More How to Create a Business Budget: From Planning to Profit