6 IRS changes

When paying your workers, it’s crucial to understand the difference between Form W-2 and Form 1099 , not just to stay compliant with the IRS but also to maximize your tax deductions and avoid penalties. (w-2 vs 1099) What is Form W-2? Form W-2 is used to report the income of an employee. If you control what the worker does, when and how they do it, they are likely an employee, not a contractor. Key Features: Applies to employees The employer withholds federal, Social Secur

Choosing the rigth platform to strengthen your online presence can feel overwhelming, especially when your goal is to grow your business effectively.

Running a business presents unique challenges and opportunities that can significantly impact retirement planning.  Here, we’ll share some reasons why retirement planning differs for business owners and explore key considerations they should keep in mind. Business Owners Are Both Plan Sponsor and Contributor One of the primary distinctions for business owners is the dual role they often play as both business operators and retirement planners. Unlike employees who contribute t