The One Big Beautiful Bill Act (OBBBA) has been getting a lot of attention—especially for its promise of tax relief on overtime and tips. But for small business owners, the real impact goes far beyond taxes. While there are some potential benefits, the day-to-day...
For years, the number $600 has been etched into the minds of every church administrator and nonprofit executive. It was the magic threshold that triggered a flurry of year-end paperwork for every guest speaker, specialized consultant, and local repairman who helped...
For decades, the $600 threshold has been the standard for issuing 1099 forms. If you paid a contractor or vendor $600 or more in a year, a Form 1099-NEC or 1099-MISC was required. That is changing. Under the One Big Beautiful Bill Act (OBBBA), signed into law in 2025,...