by Jelena Arkula | Apr 8, 2026 | 1099, Procedures
Last updated: April 4, 2026 As of 2026, the One Big Beautiful Bill (OBBB) Act allows employees to deduct up to $25,000 in tips and $12,500 in overtime premiums from their federal income tax. For business owners, this means you must use new W-2 codes (TP and TT) and...
by Jelena Arkula | Apr 7, 2026 | 1099, Procedures
Last updated: April 4, 2026 Ever feel like the tax code was written in a secret code specifically designed to keep you awake at 2 AM? You are not alone. The One Big Beautiful Bill (OBBB), signed into law in mid-2025, is a massive overhaul that actually brings some...
by Jelena Arkula | Apr 6, 2026 | 1099
Last updated: April 4, 2026 Starting in tax year 2026, you only need to issue a Form 1099-NEC or 1099-MISC if you paid a vendor or contractor $2,000 or more during the calendar year. This post is for small business owners and freelancers who need to navigate the new...
by Jelena Arkula | Apr 5, 2026 | 1099
Last updated: April 4, 2026 Small businesses using digital assets must now prepare for Form 1099-DA, the new IRS requirement for reporting cryptocurrency sales and exchanges. This post is for business owners who accept crypto or invest business funds in digital...
by Jelena Arkula | Mar 27, 2026 | 1099, Procedures
Last updated: February 13, 2026 Tracking contractor payments just got easier, but only if your books are set up correctly. The biggest change for 2026 is the 1099-NEC and 1099-MISC threshold increasing from $600 to $2,000, and professional bookkeeping services ensure...
by Jelena Arkula | Mar 23, 2026 | 1099
Last updated: March 20, 2026 In 2026, California employers must navigate a new $16.90 state minimum wage, significantly higher salary thresholds for exempt employees, and stricter pay transparency requirements. This guide for Los Angeles business owners details the...
