The OBBBA raises the 1099 reporting and backup withholding threshold from $600 to $2,000 for payments made after December 31, 2025. Here's what changed, what didn't, and how businesses should adjust their W-9 collection process for 2026.
Form W-2 gets its biggest overhaul in years for tax year 2026. New Box 12 codes, a split Box 14, and a February 1, 2027 deadline mean payroll teams have new boxes to fill and new rules to follow.
Payroll doesn’t stop at your employee’s paycheck. As an employer, you’re also responsible for meeting state payroll tax reporting requirements. Missing a filing deadline or submitting incomplete information can lead...
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.
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exempt or non-exempt affects overtime eligibility, wage protections, and payroll accuracy, but many employers rely on outdated assumptions like "salaried means exempt."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.
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.