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Bookkeeping & Payroll
18 guides in Bookkeeping & Payroll.
Your Business Can Now Put $2,500 a Year Into Your Kid's Account, Tax-Free
Employer Trump Account contributions went live July 4, 2026. Up to $2,500 per employee, deductible to the business, off the W-2. The catch is real.
Bookkeeping & PayrollNew York Just Passed Its Own 'No Tax on Tips' Law. Your Payroll Still Has Work to Do.
NY's FY2027 budget added a state tax deduction for tip income on top of the federal break. What employers still need to track and report correctly.
Bookkeeping & PayrollNew York's Freelance Law Just Cost One Company $528,817. Do You Have Your Contracts in Writing?
New York requires a written contract for any freelancer paid $800+, and 2026 enforcement is real. What the Freelance Isn't Free Act actually requires.
Bookkeeping & PayrollNew York Set a Retirement-Plan Deadline for Your Business This Year. Did You Miss It?
NY's Secure Choice mandate required 10+ employee businesses without a retirement plan to register by 2026. Missed it? Here's the fix and the fine.
Bookkeeping & PayrollYou Raised Someone's Pay to $17 an Hour. New York Says You Still Owe Them a Form.
New York's Wage Theft Prevention Act requires a signed wage notice at hire and after pay changes. Miss it and penalties run per employee, per day.
Bookkeeping & PayrollThe Federal Overtime Salary Line Dropped Back Down. New York's Didn't.
A federal court rollback dropped the exempt salary threshold to $35,568. New York's own threshold is nearly double that — and just went up again.
Bookkeeping & PayrollNew York's Minimum Wage Hit $17 an Hour on Long Island. Here's What That Costs Your Business.
Long Island minimum wage rose to $17/hour on January 1, 2026. The exempt salary threshold changed too. Run the numbers before your next hire or review.
Bookkeeping & PayrollYour Remote Employee in New Jersey Still Owes New York Tax. A Court Just Confirmed It.
New York taxes remote workers as NY income even when they work from home in another state. A July 2 court ruling just confirmed the rule holds.
Bookkeeping & PayrollThe Health Insurance Deduction Most LLC Owners Are Taking Wrong — or Missing Entirely
LLC and sole prop owners can deduct 100% of health insurance premiums above the line — but the net profit cap and spouse-coverage rule knock many out.
Bookkeeping & PayrollFringe Benefits That Are Tax-Free to Your Employees — and Fully Deductible to You
In 2026, certain employee benefits cost you nothing in taxes and save your employees money too. Here's what qualifies and the limits you need to know.
Bookkeeping & PayrollThe IRS Will Give You Back 50% of What You Spend on Employee Childcare
OBBBA rebuilt the Section 45F employer childcare credit. Small businesses now get back 50% of what they spend — up to $600,000 per year in tax credits.
Bookkeeping & PayrollYou Sell in 10 States. You Might Owe Sales Tax in All 10.
The Wayfair ruling lets every state tax your online sales. Most small businesses don't find out until they're facing back taxes, interest, and penalties.
Bookkeeping & PayrollDoes Your New York Business Have to Collect Sales Tax? The Certificate of Authority, Explained
Sell goods or certain services in New York and you likely need a Certificate of Authority before your first sale. Who must register — and the audit risk.
Bookkeeping & PayrollS-Corp Owners: Your Health Insurance Deduction Disappears If It's Not on Your W-2
S-corp owners lose a real deduction every year by paying health premiums the wrong way. The one W-2 step that turns them into an above-the-line write-off.
Bookkeeping & PayrollIf You Run an S-Corp, You Can't Deduct the Home Office Directly. An Accountable Plan Fixes That.
S-corp owners can't write off the home office or mileage directly. An accountable plan reimburses you tax-free — here's how to set one up right.
Bookkeeping & PayrollPutting Your Kids on Payroll: How to Move $16,100 Out of Your Tax Bracket — Legally
Hire your own kids the right way and a sole prop can deduct up to $16,100 per child tax-free. The rules, the math, and the mistakes that blow it up.
Bookkeeping & PayrollThe New 1099 Thresholds for 2026: Who You Still Have to Send a Form To
The OBBBA raised the 1099-NEC threshold to $2,000 and brought back the $20,000/200 rule for 1099-K. What changed, and what to track now.
Bookkeeping & PayrollHired an Out-of-State Employee? The Multi-State Payroll Reality
Hire a remote worker in another state and you create payroll nexus there — registration, withholding, SUI. Plus New York's convenience-rule trap.