“Don't Let a DeadlineSneak Up On You This Year” To get my complete article with all the details… Quarterly estimates. W-2s. 1099s. Partnership returns. FUTA deposits. Miss one and you're looking at penalties. We put the important federal tax deadlines for small businesses and self-employed professionals into one downloadable calendar. Print it. Pin it. Stop … [Read more...]
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Routing Commissions Through an S Corp? Read This First.
“Commissions Assigned as S CorporationManagement Fees, Exposed” To get my complete article with all the details… Route commissions through an S corp. Pay yourself a salary. Take the rest as distributions. Save on self-employment tax. You've heard it. Your colleagues do it. But the IRS asks one question that unravels everything—and it has nothing to do with where … [Read more...]
OBBBA Makes Big 1099 Changes
"OBBBA’s New 1099 Filing Rules" To get my complete article with all the details… OBBBA rolled out new 1099 filing rules that could impact your business starting now. Many companies aren’t prepared—and missing the details could upset your independent contractors and cause trouble for them and for you with the IRS. And to complicate matters, 11 states have their own … [Read more...]
Don’t Let a Mistake on Your 1099-NEC Trigger an IRS Audit
"Year-End 1099-NECs Are Often Wrong—And How to Correct Them" To get my complete article with all the details… If your Form 1099-NEC overstates your income, you could end up paying more in taxes than you owe—and worse, you might attract unwanted IRS attention. In our latest newsletter article, you’ll discover: Real Example Inside A self-employed engineer … [Read more...]
One Tax Form Landlords Ignore—That Could Cost Thousands
"Why Landlords Should FileForm 1099-NEC" To get my complete article with all the details… If you're a landlord, there’s a good chance you’re not filing Form 1099-NEC for service providers like plumbers or handymen—and on the surface, it may seem like you’re in the clear. But here’s the hard truth: skipping that one simple form could completely disqualify you from … [Read more...]