Master Your 2026 1099 Filing Requirements
If you pay independent contractors, you need to get familiar with 1099 filing requirements. The rule of thumb is straightforward: if your business pays a non-employee $600 or more for services within a calendar year, you are required to report those payments to the IRS. This creates a clear paper trail for both you and […]
Form 944 vs 941 A Guide for Small Business Owners
When it comes to handling payroll taxes, the first question many new employers ask is: "Should I file Form 944 or Form 941?" The answer isn't a matter of choice. It's a directive from the IRS based on your anticipated payroll tax liability. In short, Form 944 is reserved for the smallest of employers who […]
Top tips on reasonable salary for s corp owner: 2026 guide
Figuring out what to pay yourself as an S corp owner is one of the most important financial decisions you'll make. It’s a bit of a tightrope walk—you need to balance saving on taxes with staying on the right side of the IRS. The whole point of an S corp is to pay yourself a […]
8 Actionable Tax Tips for Small Businesses in 2026
Navigating the complexities of the U.S. tax code can feel like a monumental task for any small business owner. Each year brings subtle shifts in regulations, new opportunities for savings, and persistent risks of non-compliance. But what if you could transform tax season from a source of stress into a strategic advantage? This guide provides […]
A Guide to Health Insurance S Corporation Rules
As an S-corp owner, you can absolutely deduct the health insurance premiums you pay for yourself and other shareholders who own more than 2% of the company. But there's a catch, and it's a big one: the IRS requires these payments to be reported as wages on the shareholder's Form W-2. This might sound counterintuitive […]