You Can Pay Your Kids Through Your Business. But Only If You Do It Right.
Heads up: This post is for educational purposes only. It is not tax or legal advice. Before setting up any payroll structure, talk to your CPA. Every business situation is different
The IRS Just Changed the 1099 Rules
Here’s What Small Business Owners Need to Know The 1099 reporting changes 2026 are set to impact how small business owners track and report contractor payments. If you pay freelancers
The Hidden Cost of Bookkeeping Errors You’re Paying Right Now
Bookkeeping errors may seem small, but even minor mistakes can create costly financial problems for a business over time. Last year alone, small businesses paid over $4.5 billion in IRS
Your Bookkeeping Errors Are Basically a Donation to the IRS (And They Didn’t Even Say Thank You)
Many small business owners don’t realize that bookkeeping errors and IRS penalties often go hand in hand, and even small mistakes can end up costing thousands. One of the more
What to Do If You Get an Unnecessary or Incorrect 1099
Receiving an incorrect 1099 form can create tax headaches, but knowing the right steps to correct it early helps you void mismatches with your records and potential IRS notices. As
Podcast time! 1099 Season Nightmares With Maya Weinreb!
In this eye-opening episode, we tackle 1099 season nightmares with real stories and expert insights, helping business owners understand common pitfalls and avoid serious tax headaches. Tax Rep Network Founder
Reasonable compensation – what is it?
Reasonable Compensation for Companies With S Corporation Status Understanding reasonable compensation helps business owners determine fair pay, stay compliant with tax rules, and avoid IRS penalties related to reasonable compensation.
Federal Tax filing deadline extended!
The recent federal tax filing deadline was extended, and understanding what this means can help taxpayers avoid penalties and plan their filings better. The IRS and Treasury Department have announced
1099s are due by January 31st!
Because 1099s are due by January 31st, businesses should prepare early and verify recipient information to prevent costly IRS penalties. When you are paying an independent contractor (not an employee)