Few payroll topics cause more confusion than W-2 versus 1099. The forms look different, the tax rules are different, and using the wrong one can create serious compliance problems for employers and financial surprises for workers. Fortunately, the distinction does not...
Question: What do I need to know about the new $2,000 1099-NEC ruling? Answer: The required filing threshold for Form 1099-NEC is increasing from $600 to $2,000 for all payments starting in 2026. This change significantly simplifies year-end administration for...
Most churches will issue a Form W-2 to a minister for their compensation if the minister is considered an employee of the church. The determination of whether a minister is an employee or an independent contractor is crucial in deciding whether to issue Form W-2 or...