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 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,...
Payroll taxes are one of the most detail-sensitive areas of running a business. Even small errors can lead to penalties, interest, and time-consuming corrections. The challenge is that many payroll tax mistakes are not immediately obvious. They often surface later...