Key Takeaways − Manual payroll spreadsheets may work at first, but they quickly become risky as you grow. Common growth challenges include errors, missed deadlines, compliance headaches, and time drain. Automated payroll systems calculate pay, withhold taxes, and help keep you organized. A smooth transition starts with cleaning your data and choosing the right system. […]
Read More Transitioning from Manual Spreadsheets to Automated Payroll Systems
Payroll for one employee uses the same steps as any business: get an EIN, register for state taxes, then withhold, pay, and file taxes each pay period. Team size does not change the rules. A business with one employee processes payroll the same way as one with 50. The difference is volume, not process, and […]
Read More How to Do Payroll for One Employee
If you have a low- or moderate-income worker, they may be eligible for the earned income tax credit (EITC). Read on to learn all about the earned income credit, including who is eligible for it and how workers can claim the credit.
Read More What Is the Earned Income Tax Credit, and How Does it Work?
New Jersey started its paid family leave plan in 2009 with the New Jersey Family Leave Act. New Jersey paid family leave (PFL) made NJ the second state (after California) to pass a PFL policy. If you’re a New Jersey employer, you need to know about your responsibilities.
Read More New Jersey Paid Family Leave (+Q&A)
Forgetting to submit your tax return can be stressful. And even worse, the IRS can charge you a late filing penalty. Read on to learn about the penalty for late tax return and what you can do to avoid future penalties.
Read More What Is the Penalty for Late Tax Return?
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
The end of the year is a busy, if not the busiest, time of year for small business owners. You’re gearing up for the start of a new year and trying to wrap things up before the year comes to a close. One thing that should be on your mind during this time of year, […]
Read More Optimize Your Small Business With Effective Year-end Tax Planning Strategies
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
How do you fill out the most recent version of the 1099-MISC form? Learn how to fill out Form 1099-MISC and where to send completed forms.
Read More How to Fill Out a 1099-MISC Form: 1099-MISC Instructions [The Ultimate Guide]