Blog - Page 7 of 153

What Is the Break-even Point?

Posted on March 6, 2026March 13, 2026 by Mike Kappel

Do you want your business to make a profit? Duh, of course you do! But when you’re starting out, it may take a few years before you enter profit territory. And after you start making a profit, you may be at the break-even point for a while. So, what is the break-even point?

2026 Sales Tax Holiday Dates: Ready, Set, Go! Mark Your Calendars

Posted on March 6, 2026March 6, 2026 by Amanda Cameron

For business owners in most states, collecting and remitting sales tax is part of the job description. But on select dates throughout the year, your customers can take advantage of a sales tax holiday.

When Are Federal Payroll Taxes Due?

Posted on March 5, 2026March 5, 2026 by Kaylee DeWitt

Key Takeaways

FUTA deposits are generally quarterly when your quarterly FUTA liability exceeds $500; if it’s under $500 for the quarter, roll it forward. If it’s under $500 for the entire year, you can pay with Form 940 by January 31.
Federal income tax withholding, Social Security, and Medicare (FICA) deposits follow either a monthly (by the 15th of the following month) or semiweekly schedule set by the IRS lookback period.
$100,000 next-day rule: If your accumulated liability hits $100,000 on any day, you must deposit the next business day, regardless of your normal schedule.
Form 941 is due the last day of the month after each quarter; if all deposits are on time and in full, you get up to 10 additional calendar days to file.
If a due date falls on a weekend or federal holiday, the deadline moves to the next business day.
All federal payroll tax deposits must be made via EFTPS.

Sales Tax Laws by State: What’re Your State’s Rules?

Posted on March 5, 2026March 5, 2026 by Maria Tanski-Phillips

Forty-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 get the inside scoop about the types of sales tax and what the states with sales tax are.

Do Nonprofits and Churches Pay Payroll Taxes?

Posted on March 5, 2026March 5, 2026 by Rachel Blakely-Gray

Businesses can be categorized as nonprofits or for-profits. When it comes to payroll taxes, for-profit businesses have it pretty straightforward. For-profits pay payroll taxes. But for some nonprofit organizations, it’s not as simple. Do nonprofits pay payroll taxes?

A Look at Qualified Pre-tax Deductions

Posted on March 5, 2026March 5, 2026 by Mike Kappel

Do you need to withhold money from employee wages beyond taxes (e.g., garnishments or benefits)? Then you might be wondering when exactly you deduct the employee’s contributions (before or after taxes). Well, it depends. For accurate withholding, understand what are pre-tax deductions.

Signs You Need to Hire an Accountant for Your Small Business

Posted on March 5, 2026March 5, 2026 by Amanda Cameron

Accounting, taxes, and financial planning are tricky tasks to navigate, plain and simple. Thankfully, there are tools, like accounting software, you can use to streamline your responsibilities. But at some point, you might decide to hire an accountant for their professional guidance.

Workers’ compensation is state-mandated insurance that covers work-related injuries and illnesses with medical, wage-replacement, and rehabilitation benefits.
Most states require coverage as soon as you hire your first employee; some have thresholds (e.g., 2–5 employees) or industry exceptions. A few states (e.g., Texas, South Dakota) allow employers to opt out.
Premiums are driven by payroll, job risk, claims history, and state rules. Pay-as-you-go options can align payments with each payroll.
Four monopolistic states (North Dakota, Ohio, Washington, Wyoming) require purchasing coverage from the state fund.
Workers’ comp is generally the exclusive remedy for workplace injuries, limiting lawsuits when benefits are accepted.