New IRS 1099 E-Filing Rules for 2025: Avoid Penalties with TIN Matching
IRS 1099 e-filing rules are changing for the 2025 filing season. Here’s what small businesses need to know. The IRS...
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Business
03/27/2025
Introduction to Employee Stock Ownership Plans (ESOPs)
What is an ESOP? Employee Stock Ownership Plans, or ESOPs, are tax-advantaged defined contribution retirement plans primarily designed to hold...
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Business
03/19/2025
Construction & Tariffs: What Wisconsin Contractors Need to Know
Tariffs Are Creating Uncertainty in the Construction Industry Since President Trump took office, tariffs have been a hot topic. The...
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Business
02/19/2025
No More Delays! Your BOI is Due March 21, 2025
Update 3/25/25: On March 21st, FinCEN issued interim guidance for US business owners regarding BOI filing requirements. This guidance removed...
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Business
02/13/2025
BOI Reporting is Still Not Required…For Now
Update 3/25/25: On March 21st, FinCEN issued interim guidance for US business owners regarding BOI filing requirements. This guidance removed...
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Business
02/03/2025
Form 8697 & the Look-Back Method for Construction Contractors
Now that we’ve covered the basics of the percentage of completion method (PCM), it’s time to explore IRS Form 8697,...
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Business
01/07/2025
Back to Basics: The Percentage of Completion Method of Accounting for Contractors
If you are in the construction industry or read our prior article on Methods of Accounting for Construction Contractors, chances...
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Business
11/15/2024
Retirement Plan Audit vs. Retirement Plan Checkup
The Department of Labor (DOL) requires that retirement plans (401K, 403b, ESOP plans etc.) with 100 or more participants with...
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Business
11/14/2024
IRS TIN Matching Service Can Save You Time & Money
The IRS requires payors who remit payments to vendors (ex. self-employed contractors) to obtain a name and tax ID number...
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Business
11/14/2024
IRS Implements Changes to Increase Accuracy of 1099 Filings
For years the IRS focused on the accuracy of W-2s in reporting income. Employers were required to have an employee...
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Business
11/04/2024
Sales and Use Tax Basics for Construction Contractors in WI
The construction industry in Wisconsin is comprised of a wide variety of businesses. Commercial general contractors, specialty subcontractors in multiple...
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Business
10/14/2024
4 Reasons You’re Not Reaching the Right Candidates
Are you trying to hire, but continue to get either unqualified or irrelevant resumes? It’s so frustrating, and it’s easy...
