⭐ Who Needs a 1099? A Simple 2026 Guide for Business Owners (Updated with the newest IRS rules for 2026) If you run a business, you’ll probably deal with 1099 forms at some point. The rules can feel confusing, but don’t worry — here’s an easy, friendly guide to help you understand who should get a 1099 in 2026 . Let’s break it all down in plain English 😊 💡 Who Should Get a 1099? If your business paid $600 or more  to a non-employee  during the year, you usually have to send

As the year winds down, most business owners are focused on finishing projects and getting ready for tax season. But there’s still time to grab some easy, legal tax deductions  that can make a real difference when April rolls around. Here are a few of my favorite year-end tax moves that are simple to use — and often overlooked. 🏡 The Augusta Rule — Rent Your Home to Your Business This one is simple and surprisingly powerful.The IRS allows you to rent your personal home to yo

As we get close to the end of the year, many business owners start asking: “Is there anything I can still do to lower my tax bill?” Good news — yes, there is!One of the best year-end moves you can make is to take a closer look at your retirement contributions . 🕒 Why Timing Matters Retirement plans aren’t just for the future — they’re one of the best ways to save on taxes right now . But not all contributions follow the same deadline.There are actually two types  of contribu

💼 How to Know if Your S-Corp Salary Is “Reasonable” (and Why It Matters Before Year-End) If you run your business as an S-Corporation, your salary can be one of the best ways to save money on taxes  — but only if it’s set correctly. Every year, I talk to business owners who ask the same question: “How do I know if my salary is reasonable?” It’s a great question — and the truth is, there’s no magic number.But there is  a smart way to figure it out before year-end. 🧾 What the

Big tax changes are coming that will affect how we give to charity. The new law (often nicknamed “OBBBA”) brings some wins and some...

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Congress is moving forward with a big new tax bill, and it could bring some important changes starting in 2025. To make it easy to...

Hey there, awesome business owner! 🙋‍♂️✨ Tax season is right around the corner, and you might be wondering: “Do I need to send out any...

With the recent election behind us, we’re taking a fresh look at what could be on the horizon for taxes. Some major tax provisions are...

The end of the year is just around the corner, and that means it’s time to think about year-end tax deductions! These strategies can help...

Did you know there’s a special way to make some tax-free income from your home if you own an S Corporation? It’s called the Augusta Rule...

‘Twas the time before year-end, and all through the land,Business owners were planning, with taxes at hand. 💼💰The deductions were...

Health Savings Accounts (HSAs) are one of the most powerful tools available for saving money on medical expenses. They offer a triple tax...

Do you spend part of the year in one state and part in another for your business? Maybe you love the warm winters in Florida but head...

We all love our pets, but let’s be honest—they’re not cheap! Dogs can cost between $1,270 and $2,800 a year, and cats aren’t far behind....

As a business owner, you may have heard about the Beneficial Ownership Information (BOI) filing  requirement that’s part of the new...

Greetings!, We hope this message finds you in good health, and that the holiday season brought joy and warmth to your lives! As we...

Did you know that there is a special way to deduct business expenses that can save you money on taxes? It's called the 12-month rule. To...

Blistering heat and unusually cold weather can put your heating and cooling units into overdrive. While it's great to stay comfortable,...