INSIGHTS

Payroll 101

Everything small businesses need to know about running payroll (and taking care of employees).

Form 1096: what is a 1096 IRS form used for and how to complete it

Form 1096 needs to be completed if you paid contractors & sent 1099 forms. Get instructions on filling it out and a 1096 form 2024 PDF download.

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Form 1120 facts: Who files it and how to use it for reporting taxable income to the IRS

This CPA-written business owner's guide to tax Form 1120 explains its purpose and how to file it, making it stress-free to report taxable income to the IRS.

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Form 2553: Filing tips and unlocking tax savings with S-corp election

Find out how Form 2553 can help you get S-Corps status, potential tax savings, steps to complete it, and what to know before making this election.

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Form 941 2024: Updated instructions and PDF Download

There’s a new IRS Form 941 as of March 2024. Here’s a primer to help you fill out your Quarterly Federal Tax Return. Includes PDF.

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Form W-9: What is it and when should businesses use it?

If your business hires freelancers or contractors, they should complete a Form W-9. Find out what it is and how to fill it out.

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2024 Payroll Tax Filing Deadlines (and Potential Penalties!)

Get the full rundown of current deadlines for filing and paying federal payroll taxes, including FICA taxes, FUTA, taxes, Form 941, and more.

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What is gross pay vs. net pay: Here's the differences

Get the full rundown on gross pay vs. net pay, and what each means for paying your employees and running payroll.

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Gross profit vs. net profit primer: Understanding the key differences for business success

Get an in-depth primer on net profit vs. gross profit in this business owner's guide, and learn how each metric affects a company's bottom line.

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Employee retention tax credits in the CARES Act

The CARES Act provides for refundable payroll tax credits to certain employers. Does your business qualify? Here’s how the tax credits work.

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Learning about the current taxabale wage bases for payroll taxes.

How taxable wage bases work for small businesses

Before you start calculating and withholding payroll taxes for your employees, it’s important to understand what a wage base is and how they work.

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