Blog - Payne Nickles & Company - Ohio Accounting Firm, Business CPAs & Advisors

New 1099 Rules for 2026: What Changed and What Didn’t

For decades, business owners have planned their 1099s around one number: $600. That number has changed. Starting with the 2026 tax year, the threshold for most contractor and vendor reporting is $2,000.

warning sign with the words "FINANCIAL CRISIS AHEAD"

Beyond Revenue: Financial Warning Signs Business Owners Should Monitor

Financial problems rarely appear overnight. More often, warning signs develop gradually in cash flow, margins, customer payments, borrowing, and financial reporting. A company may even grow while financial pressure builds beneath the surface.

Stacked office binders labeled "SALARY" and "EMPLOYEE" resting on a desk surface.

How to Determine a Reasonable Salary From Your S Corporation

For profitable business owners, an S corporation can create an opportunity to balance compensation, tax efficiency, and reinvestment in the company.

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When Does a Business Need More Than Basic Bookkeeping?

Basic bookkeeping is essential to a sound financial foundation. It keeps transactions organized, accounts reconciled, invoices tracked and reports current. But as a business grows, owners often need more than a record of what happened.

A group of four professionals meeting around a table with sticky notes and laptops.

Succession Planning: Preparing Your Business for What Comes Next

For many small business owners, succession planning is something they know they should think about, but it often gets pushed down the list of priorities.

You’ve built a construction company, earned customer trust, and created opportunities for your family. Who takes over when you retire?

Accounting Automation That Pays Off: What to Automate and What to Measure

Accounting teams often spend valuable time on repetitive work that keeps the books moving but leaves less room for analysis and planning.

Beyond Nexus: Why Multistate Sales Tax Compliance Requires a Broader Review

Expanding into new states, launching digital offerings, and hiring remote employees can create valuable growth opportunities. They can also introduce unexpected tax obligations, administrative costs, and financial exposure.

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How Growing Contractors Can Calculate Working Capital Needs and Price Jobs for Profit

Growing contractors can be profitable on paper and still run short of cash. As backlog increases, more money may be tied up in payroll, materials, mobilization, and receivables before customers pay.

Regular Meetings: A Simple Habit That Can Help Your Business Run Better

For many small business owners, meetings can feel like one more demand on an already packed schedule. Between serving customers, managing employees, monitoring cash flow, and handling daily operations, it’s easy to wonder whether another meeting is really necessary.

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