Let me say “Thank you” to our men and women in service, both past and present, today. Because of them, we live in a great country that has weathered and often led through financial, technological, and security storms. We face another set of storms today. As of this writing, we are collectively facing “one nation undivided” in our higher gas prices. I have to give Trump his due – he… Read More
Payroll Tax
Demystifying Form W-2: A Guide for Small Business 401(k) Reporting
Navigating year-end tax forms can leave even the most seasoned accountants scratching their heads, particularly when it comes to recording 401(k) plan contributions. If you are a small to medium-sized company, understanding how these elective deferrals map to Form W-2 is essential for accurate reporting. Here is a breakdown of how to handle these contributions for the 2026 tax year. Key W-2 Boxes for 401(k) Reporting Reporting retirement contributions involves… Read More