The IRS has announced updated Health Savings Account (HSA) contribution limits for 2026. For self-only coverage, the limit will be $4,400, a $100 increase from 2025. For family coverage, the limit will be $8,750, an increase of $200. The catch-up contribution limit...
IRS
What to Do If an Employee Completes Their Form W-4 Incorrectly
The Form W-4, Employee's Withholding Certificate, is a critical document for determining the correct amount of federal income tax to withhold from an employee’s paycheck. If an employer discovers that an employee has completed their Form W-4 incorrectly, it is...
Help to decide between a hobby or business
Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Either way, if they are paid through payment apps for goods...