Tax Planning & Compliance
Your Ultimate Guide to Stress-Free 1099 Preparation
As a small business owner, tax season can feel overwhelming, especially when it comes to preparing and filing 1099s. But with the right tools and a clear plan, you can tackle this task efficiently and avoid unnecessary stress. Let’s break down everything you need to know about 1099 preparation What is a 1099 and Who…
Read MoreYear-End Bookkeeping Checklist for Small Businesses in New Jersey
A year-end bookkeeping checklist is the difference between walking into tax season prepared and spending January chasing receipts. For small businesses in New Jersey, closing out the year means reconciling every account, collecting W-9s from contractors, reviewing payroll records against your NJ-927 filings, and confirming that sales tax returns are current. Get these steps done…
Read MoreExempt vs. Non-Exempt Employees: What Small Business Owners Need to Know in 2026
Exempt employees are paid a fixed salary of at least $684 a week and are excluded from overtime pay under the Fair Labor Standards Act. Non-exempt employees are entitled to overtime at 1.5 times their regular rate for any hours worked over 40 in a workweek, regardless of whether they’re paid hourly or salaried. Getting…
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