Question: What do I need to know about the new $2,000 1099-NEC ruling? Answer: The required filing threshold for Form 1099-NEC is increasing from $600 to $2,000 for all payments starting in 2026. This change significantly simplifies year-end administration for...
Payroll
Collecting Employee Information — The Foundation of Accurate Payroll
Collecting employee information may feel like simple paperwork, but it’s actually the foundation of every accurate, compliant, and efficient payroll process. As a business owner, especially in the small-to-mid-sized category, the way you gather, verify, and store...
Treasury, IRS provide guidance for individuals who received tips or overtime during tax year 2025
The Department of the Treasury and the Internal Revenue Service issued guidance for workers eligible to claim the deduction for tips and for overtime compensation for tax year 2025. Notice 2025-69 clarifies for workers how to determine the amount of their deduction...