2025 Year-End Checklist for Businesses
You still have a few hours left to take any important year-end financial or tax planning action for your business. This handy 2025 year-end checklist from Paychex can help! Click here to download.
2025 Year-End Tax Planning for Small Businesses
As the year draws to a close, it's important that we discuss any year-end strategies that might help lower your business's taxable income for 2025. This has been a big year for tax law changes, with the President signing the One Big Beautiful Bill Act (OBBBA) into law this summer. Most of the changes are highly [...]
It’s Not Too Early to Get Ready for the 2026 Tax Season
This article was published by the IRS. The Internal Revenue Service encourages taxpayers to take steps now to prepare for the upcoming filing season by visiting IRS.gov/GetReady for tips on what is new and what to consider before filing. This is the first in a series of special IRS "Get Ready" reminders to help taxpayers prepare [...]
Here’s How To Avoid IRS Text Message Scams
Thieves use email, telephone, and social media for various online scams. They also send fake text messages, known as "smishing." Taxpayers need to remember that the IRS will not contact them by text messaging or social media to ask for personal or financial information. The IRS will also not initiate contact by phone or email. If [...]
Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill GalleryTreasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill
Corporate Taxes, IRS, Payroll, Personal Finance, Personal Taxes, Self-Employed, Small Business, Tax Law Changes, Tax Relief, Tax Tips, Taxes
Treasury, IRS Provide Penalty Relief for Tax Year 2025 for Information Reporting on Tips and Overtime under the One, Big, Beautiful Bill
This article was published by the IRS. The Department of the Treasury and the Internal Revenue Service have issued guidance providing penalty relief to employers and other payors for tax year 2025 regarding new information reporting requirements for cash tips and qualified overtime compensation under the One, Big, Beautiful Bill. Transition penalty relief for tax year [...]