Want to know what scams the IRS is currently seeing? Here are a few to be aware of: Fake Charities You can’t deduct charitable contributions to fake charities. If you’re not sure the charity is real, then you can check with the IRS by visiting https://apps.irs.gov/app/eos/ I once met a guy who formed a fake […]
Employees
Rookie Business Owner Mistakes (Sometimes Made by Established Owners Too)
What are some mistakes the rookies make with their business? And sometimes veteran business owners make the same ones. Choosing the Wrong Business When choosing which business to start, your success increases if you have experience in that particular industry. Can you be successful in an industry you are not familiar with? Of course, but […]
4 Productivity Hacks You’ll Ignore Because They’re So Simple
There is a never-ending supply of productivity hacks you can find on the Internet or using AI. Some good, some bad, but here are 4 proven hacks that are so simple, you’ll probably ignore them. Get Started The hardest part of getting things done is usually getting started. For some reason there seems to be […]
Do You Know the New NJ DOL Requirements?
The New Jersey Department of Labor quietly implemented new reporting requirements as of December 8, 2025 when employees are discharged, voluntarily quit or laid off. Don’t be caught off guard by the new requirements and make sure you are in compliance. Here is a sample notice from the NJ DOL outlining the new requirements: IMPORTANT […]
Know These Upcoming Tax Due Dates
The IRS issued a 14-page tax calendar publication, which is useful for helping with insomnia. Instead of reading it, here are some relevant, upcoming due dates that you should be aware of: January 15th February 2nd (normally it is the 31st of January, but it falls on a Saturday this year) March 16th (normally it […]
Some Year-End Tax Moves for Your Business
Looking to make a few tax moves before the year is over? See if these apply to your situation. Review Your Entity Structure How is your entity structured? It is a sole proprietorship, LLC, s-corp, or c-corp. Now is the time to review it to make sure you are using the correct entity to protect […]
What’s Worse Than Talking Politics at the Thanksgiving Table?
We all know it can get heated when we talk about politics at dinner, especially on Thanksgiving. There is one more topic that is even worse to speak about if you are an entrepreneur. Background Approximately 10% of adults in the U.S. own a business. This means that when you are in a room with […]
3 Ways to Get More Done
Ever feel like you just can’t get anything completed and there’s a lot of unfinished work outstanding? There are 3 simple tactics you can implement right now to get more done. Start It sounds surprisingly simple, but one of the most effective actions you can take is to get started. The reason is because many […]
Is Your Occupation on the Qualified Tips List?
The One Big Beautiful Bill Act required the IRS to list qualified occupations that can exclude up to $25,000 of tips from their income. See if you’re on the preliminary list: Food and Beverage Entertainment and Events Hospitality and Guest Services Home Services Personal Services Personal Appearance and Wellness Recreation and Instruction Transportation and Delivery […]
1099 Reporting Changes
The One Big Beautiful Bill Act changed reporting thresholds for 1099 reporting as follows: 1099-NEC & 1099-MISC The threshold changed from $600 to $2,000 for payments made after December 31, 2025. This amount will be indexed for inflation thereafter. 1099-K The 1099-K reporting threshold has been increased from $600 to $20,000 and more than 200 […]