Form 1099-NEC
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Is your business ready for the tax deadline that’s on Groundhog Day this year?
Normally businesses must furnish certain information returns to workers and submit them to the federal government by January 31. But this year, that date falls on…
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Significant changes to information reporting go into effect for the 2026 tax year
If your business has employees or uses independent contractors, you have associated annual information reporting obligations. The One Big Beautiful Bill Act (OBBBA) makes changes…
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Payroll tax implications of new tax breaks on tips and overtime
Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new law changes…
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Businesses: The Form W-2 and 1099-NEC deadline is coming up fast
With the 2025 tax filing season underway, be aware that the deadline is coming up fast for businesses to submit certain information returns to the…
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Gig workers should understand their tax obligations
The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center…
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Help ensure the IRS doesn’t reclassify independent contractors as employees
Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal…
Read More: Help ensure the IRS doesn’t reclassify independent contractors as employees
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