Navigating the complexities of payroll taxes is a daunting task for small business owners, fraught with challenges like worker misclassification and ever-changing regulations. This article explores common pitfalls and offers actionable strategies to ensure compliance, protect your business from penalties, and maintain employee trust. Dive in to discover how you can streamline your payroll processes and focus on growing your enterprise.

Learn how to keep abreast of your tax payments and avoid rising underpayment penalties that can quickly snowball. Discover strategies that can help you dodge unnecessary costs.

Preparing for a nonprofit audit in 2025 involves understanding new standards, economic impacts, and adopting best practices for compliance and transparency.

Navigating the complexities of standard mileage rates for different purposes can be challenging. Here is an overview of the 2025 rates for business, charity, medical and military moves.

The Corporate Transparency Act, designed to prevent financial crimes, is back in effect after the lifting of an injunction. This article outlines recent developments and provides updated deadlines for Beneficial Ownership Reporting to help businesses stay compliant.

A federal court has temporarily halted the enforcement of beneficial ownership information (BOI) reporting requirements. While businesses can still voluntarily submit BOI reports, they will not be liable for non-compliance during this period. It's recommended to stay informed, as the legal landscape is continually evolving.

Don't let cybercriminals ruin your holiday season. Here's some advice on safeguarding your personal information during the busiest online shopping period of the year.

Grow your client base through trust and collaboration. Referral, partner, and affiliate programs offer efficient ways to attract high-quality leads by leveraging relationships and shared networks. Explore how these strategies can help you expand your reach, reduce costs, and build lasting client relationships.

Discover how commission-based pay can transform your sales team by aligning compensation with performance to drive revenue and retain top talent. Explore various commission structures, their benefits, and best practices for implementation in this comprehensive guide. Propel your business toward greater success with an incentivized sales force.

Significant changes to the IRS's 1099-K reporting thresholds are on the horizon, affecting anyone who uses payment apps or online marketplaces. Starting in 2024, more of your transactions could be reported to the IRS, potentially impacting your tax obligations. Find out what these updates mean for you and how to navigate the new requirements.

Learn about President-elect Trump's proposed tax changes and how they could affect your financial strategy. This nonpartisan article discusses the potential impacts of extending and expanding the Tax Cuts and Jobs Act of 2017, among other proposed changes. Stay informed about potential tax changes and learn how to prepare for them.

As year-end approaches, small business owners face crucial tax planning decisions that can impact their financial health. From leveraging deductions and managing cash flow to understanding the intricacies of the QBI deduction, this article offers strategic insights to optimize your tax position before ringing in the new year.

The Treasury and IRS issued final regulations for the Advanced Manufacturing Production Credit, providing guidelines for eligible components and production activities.

The IRS has announced an increase in the 401(k) contribution limit for 2025 to $23,500, up from $23,000 in 2024. However, the annual contribution limit for an IRA remains unchanged at $7,000. The catch-up contribution limit for employees aged 50 and over also remains at $7,500 for 2025.

The Minnesota DLI's Labor Standards Division is providing a series of webinars to educate workers and employers about the state's wage and hour laws, including topics like minimum wage, overtime requirements, child labor laws, and more.