1099 vs W-2 in 2025: New Rules Every Small Business Must Understand
IntroductionThe classification of workers as either independent contractors (1099) or employees (W-2) remains a hot-button issue in 2025. Misclassification can lead to major penalties, back taxes, and even lawsuits. With evolving rules at both the IRS and state level, it’s crucial that business owners understand how to correctly categorize their workforce. Why This Matters in […]
“IRS Cracks Down on ERC Fraud: What Small Business Owners Need to Know in 2025”
IntroductionThe Employee Retention Credit (ERC) was a lifeline for many small businesses during the COVID-19 pandemic. However, in 2025, the IRS has doubled down on enforcement actions, targeting fraudulent or incorrect ERC claims. If your business claimed ERC or is considering doing so retroactively, understanding the legal implications is critical. What is the ERC?The Employee […]