The IRS decided to delay implementation of new online payment reporting rules for a year…here’s the lowdown!
#TuesdayTips: Are You Truly Ready for W2s?
It’s the end of the year and almost time to send W2s – have you verified the information yet?
IRS Standard Mileage Rate Increase
The IRS announcement on June 9 was a frank and startling admission by the US government that gas prices really are out of control: they would be increasing the standard mileage rate deduction for the second half of 2022. While not completely unprecedented, this move is a little surprising. It’s Not Every Day Generally speaking, […]
What the WOTC?
“I love paying taxes!”…said no business owner ever. Seeing as how many of these business owners are in the midst of filing their taxes, I thought this would be an ideal time to give a synopsis of one of my favorite topics: Work Opportunity Tax Credits. In my years in the human capital management industry […]
1099 vs W2 – What’s the Difference & Why Does It Matter?
So, you’re looking to hire your first employee? Congrats! This a huge step for any business owner, but it also begs the question, ‘Is my new-hire a W2 employee, or a 1099 independent contractor?’ With many business owners, they have no clue what the difference is between W2 or 1099, which is not at all […]