Your payroll system says an employee received $15,000 in overtime pay. How much belongs in employer qualified overtime reporting for 2026, is it $15,000, $10,000 or $5,000? For ordinary time-and-a-half overtime required by the Fair Labor Standards Act, the qualified amount may be only $5,000. The employee’s federal deduction generally applies to the extra one-half-timeContinue reading ““No Tax on Overtime” Creates a New Employer Reporting Responsibility”
Category Archives: Payroll & Hiring
“No Tax on Tips” Creates New Payroll Questions for Employers
If your payroll report says an employee received $12,000 in tips, do you know whether all $12,000 qualifies under the new federal rules? “No Tax on Tips” creates employer no tax on tips rules in 2026. Employer qualified tips reporting now requires more than putting every customer-related payment into one “tips” category. Employer No TaxContinue reading ““No Tax on Tips” Creates New Payroll Questions for Employers”
NYC Employee Hiring Checklist for Business Owners
Hiring your first employee is a big step. It also comes with more paperwork than most business owners expect. This NYC employee hiring checklist will help you organize the federal, New York State, and New York City requirements that generally apply when you hire a W-2 employee. The goal is not merely to get someoneContinue reading “NYC Employee Hiring Checklist for Business Owners”
New York Department of Labor Audits: What Every NYC Business Owner Needs to Know
Running a business in New York City comes with no shortage of challenges. One issue that catches many business owners off guard is a New York Department of Labor Audit. Whether you’re hiring employees, independent contractors, or a combination of both, understanding worker classification rules can help you avoid costly penalties, back taxes, and complianceContinue reading “New York Department of Labor Audits: What Every NYC Business Owner Needs to Know”
NYC Minimum Wage and Salary Requirements: What Small Business Owners Need to Know
Hiring employees is an exciting milestone for any growing business. However, understanding NYC minimum wage and salary requirements is critical to staying compliant and avoiding costly penalties. While many business owners are familiar with minimum wage laws, fewer understand the salary requirements that determine whether an employee can legally be classified as salaried and exemptContinue reading “NYC Minimum Wage and Salary Requirements: What Small Business Owners Need to Know”
Multi-State Tax Nexus: Why Your “Single-State” Business Might Secretly Owe Taxes Across the Country
Many business owners assume that if their company operates from one state, their tax obligations stay there too. Unfortunately, that’s not always true. Multi-state tax nexus has become one of the biggest compliance challenges facing growing businesses, especially those with remote employees, online sales, and customers spread across the country. We’ve had the opportunity toContinue reading “Multi-State Tax Nexus: Why Your “Single-State” Business Might Secretly Owe Taxes Across the Country”
Why You’re Likely Paying Yourself Wrong: 5 Critical LLC Lessons for 2026
Most LLC owners pay themselves incorrectly and don’t realize it until tax time. Learn how to pay yourself from an LLC the right way in 2026.
A New Federal Overtime Rule and What is Different in New York
Eligibility for overtime expanded to include more white-collar workers. Now more of your workers might be eligible for overtime pay.
Why you should hire businesses instead of people as contractors in New York
Hiring folks on an ad hoc basis might seem convenient, especially because it is less costly as there are no payroll systems, additional taxes like social security, medicare, workers comp, and disability insurances. It’s a bit of a headache, especially in the costly realm of New York State.