Understanding Schedule C: A Tax Guide for the Self-Employed

Understanding Schedule C: A Tax Guide for the Self-Employed

Self-employment offers many benefits, but it also brings additional tax responsibilities. One of the key forms you’ll need to file as a sole proprietor or single-member LLC is Schedule C, which reports your business’s profit or loss. What is Schedule C? Schedule C,...
SECURE 2.0 Act: Impacts on W-2 Reporting

SECURE 2.0 Act: Impacts on W-2 Reporting

The IRS reminds businesses that changes from the SECURE 2.0 Act will affect how Forms W-2 (including W-2AS, W-2GU, and W-2VI) are completed. These changes reflect new provisions related to employer retirement plans, which are designed to promote increased...

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