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How to Choose the Best 1099 Filing Software for 2026 (7 Things to Check)
1099 filing can be complicated. New forms, new thresholds, more filers. Here's how to pick software that keeps up.
Data Security Terms Every Business Owner Should Know
Learn common data security terms to better understand compliance, protect sensitive information, and evaluate service providers.
Form 1099-DA Instructions for Tax Year 2026: A Complete Guide
Form 1099-DA reporting rules are officially in effect for tax year 2026, ending the transition-period flexibility brokers relied on in 2025. Here's what's required now, who it applies to, and the deadlines to plan around.
Exempt vs. Non-Exempt Employees: Understanding the Difference for Better Payroll Compliance
Classifying employees as exempt or non-exempt affects overtime eligibility, wage protections, and payroll accuracy, but many employers rely on outdated assumptions like "salaried means exempt." This guide breaks down the FLSA criteria that actually determine classification, the most common misclassification mistakes, and how to get it right as your team grows.
W-2 Box 12 Code TT vs. Box 14: What Changed for Qualified Overtime Reporting?
Beginning with 2026 W-2s, qualified overtime compensation under the OBBBA moves from optional Box 14 reporting to standardized Box 12, Code TT; here's what employers need to know before year-end filing.
IRS Update: Eligible Taxpayers May Receive Automatic Exemption from Penalty (AEP)
AEP (Automatic Exemption from Penalty) is the IRS's new automatic penalty relief program for taxpayers with a clean filing and payment history. Launching in summer 2026, AEP automatically waives specific penalties for compliant taxpayers without directly requesting relief.
One Big Beautiful Bill Act: 12 Key Tax Changes for 2026
The One Big Beautiful Bill Act (OBBBA) brings 12 major tax changes for 2026, including permanent tax rates, a bigger QBI deduction, no tax on tips and overtime, and higher SALT and estate tax caps, that business owners and tax professionals need to know before filing season.
Form 1099-NEC Instructions for 2026 Tax Year: A Complete Guide
2026 Form 1099-NEC 2026 updates include new $2,000 threshold, golden parachute reporting changes and more. Here's what filers need to know before the 2027 filing season.
Form 1099-MISC Instructions for 2026 Tax Year: A Complete Guide
Form 1099-MISC is getting a major overhaul for tax year 2026. The reporting threshold jumps from $600 to $2,000 for most payments, three new boxes cover tips and overtime, and golden parachute payments are moving. Here's what filers need to know before the 2027 filing season.