Hiring Your First Employee: Tax and Payroll Obligations You Can't Skip
Hiring your first W-2 employee means new payroll tax obligations. This 2026 guide covers FICA, FUTA, Form 941, deposit deadlines, and Minnesota requirements.
John C Thompson, EA
Tag: Bookkeeping
9 posts
AI Bookkeeping Tools: What They Do Well and Where You Still Need Human Eyes
AI bookkeeping tools save time on data entry — but they can't read intent. Learn where automation helps and where human review protects your books.
John C Thompson, EA
Your Business Numbers: What to Track, When to Review, and What the Ratios Mean
Most business owners only look at their numbers at tax time. Here's why that's too late — and a practical review cadence plus realistic financial benchmarks to actually use.
John C Thompson, EA
Going Independent: Tax and Bookkeeping Essentials for New Tech Consultants
Making the leap from W-2 to 1099? Here's what changes on your taxes when you go independent — self-employment tax, estimated payments, deductions, and why bookkeeping matters from day one.
John C Thompson, EA
How Messy Bookkeeping Affects Your Taxes (And What to Do About It)
Disorganized books don't just make tax season stressful — they cost you money in missed deductions, IRS notices, and late filing penalties. Here's what the connection looks like and how to fix it.
John C Thompson, EA
New Business Tax Obligations: Your First-Year Checklist
Starting a business in Minnesota? This complete first-year tax checklist covers EIN, entity structure, estimated taxes, bookkeeping, and every obligation you need to know.
John C Thompson, EA
Minnesota Sales Tax Basics: What Small Business Owners Need to Know
Minnesota business owner? Learn when to collect sales tax, how to register, filing deadlines (Feb 5 for annual filers), and common mistakes to avoid.
John C Thompson, EA
What Business Owners Need to Do Before Tax Season Starts
Tax season is approaching. Here's your actionable checklist to get your business organized now and make tax filing smoother.
John C Thompson, EA
Should You Hire a Bookkeeper? 5 Signs It's Time
Wondering if you need a bookkeeper? Learn the 5 clear signs it's time to hire professional help. Get expert bookkeeping and tax prep from the same EA for seamless coordination.
John C Thompson, EA