The Tax Pro Advisor

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If you use workers other than employees to perform services for your business in 2025 and pay them $600 or more for the year, you are required to issue each of them a Form 1099-NEC after the end of the year to avoid facing the loss of the deduction for their labor and expenses.

From retirement contributions to emergency funds, here are the smartest year-end financial moves for every generation--so you can finish the year stronger and start 2026 on solid ground.

It matters how you get there. Wednesday Wisdom from

Get prepared for tax season with key record-gathering tips, 2025 changes, new deductions, and guidance to help you file accurately and avoid missing opportunities.

Make your Monday great with this motivation from

Learn the real difference between capital expenditures (CapEx) and operating expenses (OpEx)--and why it matters for your business's cash flow, taxes, and strategy.

Strategic partnerships bloom into long-term profits.

It is a common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a low fair market value, it would be treated as a de minimis fringe benefit. As such, it would be tax-free to the employee, and its cost is tax deductible by the employer.

Behind on taxes or owe the IRS? Whether you're an individual or a business owner, learn how to fix tax problems during the IRS furlough and before penalties pile up.

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