Payroll processing is significant for the tax implications it has — for both you and your employees. Not only does your business have to pay payroll taxes, but as an employer, you’re also responsible ...

The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...

If you earn tips or overtime, the IRS just made your 2025 tax season a little more interesting. A new draft form, Schedule 1-A, lets you claim deductions on those earnings, along with car loan ...

As the IRS releases the 2026 tax brackets, employers must know OBBBA payroll compliance, permanent extension of Tax Cuts and ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...