Articles written by Thomas J. Brock
What is a centralized authorization file (CAF) number and why should accounting firms be familiar with it?
In this guide, get familiar with what a CAF number is and why tax professionals need to have one to better assist clients who need IRS representation.
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Getting a PTIN number makes good business sense for accounting practices of all sizes
Learn why a preparer tax identification number (PTIN) is essential for accounting professionals to build trust, ensure compliance, and serve clients.
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Articles reviewed by Thomas J. Brock
1099 threshold changes under the One Big Beautiful Bill Act
In this employer’s guide, learn how 1099 thresholds are changing under the One Big Beautiful Bill Act and how it impacts tax reporting to the IRS.
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No tax on tips and overtime: What employers and employees should know
This employer's guide covers two tax deductions from the Big Beautiful Bill that are making headlines: one for tip income and another for overtime pay, explaining their impact on payroll administration.
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Company life insurance: What employers need to know about offering it
In this employer's guide, learn how company-provided life insurance works, what benefits it offers employees, and what employers should consider before offering it.
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How the One Big Beautiful Bill Act impacts employers and employees
Learn how President Trump's One Big Beautiful Bill (H.R.1) impacts employers and employees with key takeaways for your business.
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Severance packages explained: What employers should know
Find out what severance packages typically include, their key benefits, and important considerations every employer should know before offering one.
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Self-employment tax vs. income tax: What’s the difference?
Understand the difference between self-employment and income tax, including who pays them, how they’re calculated, and filing requirements.
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What is a compensation package and what should it include?
Learn what makes up a strong compensation package and how to structure it to attract and retain top talent.
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401(k) contribution limits for employees in 2025
Find out the 2025 401(k) contribution limits for employees, including catch-up contributions and tax-deferred benefits.
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Draw against commission: What it is and how it works
This guide unpacks how draw against commission works along with its benefits, risks, and financial impacts for both employers and commission-based employees.
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How do nonqualified deferred compensation plans (NQDC) work?
See how nonqualified deferred compensation plans work, learn about the tax benefits, potential risks, and their role in retaining top talent.
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What is a payroll card and how does it work?
Get up to speed on how payroll cards can provide a secure and convenient way for employees to access their wages without a traditional bank account.
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What is S Corp payroll and how does it work?
Explore the fundamentals of S Corp payroll, its tax benefits, compliance requirements, and how to set it up to maximize savings for business owners.
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Employer (ER) taxes explained: Guide for business owners
Learn about ER taxes, including how they work, what they cover, and the responsibilities for small business owners.
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What is a sales compensation plan? The ultimate guide
Learn how to create effective compensation plans that motivate employees, generate sales, and drive business success.
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S Corp vs. LLC: How are they different?
Learn the differences between S Corps and LLCs, including tax implications, potential pros and cons, plus things to consider from a licensed CPA and CFA charterholder.
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How to set up a 401(k) for employees: A small business blueprint
In this business owner's guide, learn how to set up a 401(k) plan for your employees, including the steps, costs, and potential benefits of offering retirement savings options.
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What is a multi-member LLC? Everything you need to know
Understand what a multi-member LLC is, its benefits, and how it differs from other business structures, with tips from a certified public accountant.
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Leveraging tax breaks for employer-paid education expenses
Learn how to leverage tax breaks for employer-paid education expenses to invest in your team's growth and company goals.
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An employer’s guide to the small business retirement plan tax credit
Find out how your small business can claim valuable tax credits while helping employees build stronger retirement savings.
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Understanding the Disabled Access Credit: Form 8826 and eligibility
Learn how the disabled access credit works, who qualifies, and how to complete Form 8826 to support accessibility improvements.
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The small business health care tax credit explained
Learn about the small business health care tax credit, eligibility requirements, and how some employers can use it to offset health insurance costs.
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FICA tip credit for employers: What it is and how to handle it
Learn what the FICA tip credit is, how it benefits employers, and how to manage it effectively for tax savings.
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Revenue per employee: Definition, formula, and factors for employers
Learn how to calculate revenue per employee, and the key factors that affect it. Gain insights into your company's productivity and profitability.
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Self-employment tax: Definition, how to calculate, and rates to know
Learn about self-employment tax, including how to calculate it, current rates, and tips to streamline your tax planning as a freelancer or contractor.
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