• Startup
  • Payroll/Taxes
  • Human Resources
  • Employee Benefits
  • Business Insurance
  • Compliance
  • Marketing
  • Funding
  • Accounting
  • Management
  • Finance
  • Payment Processing
  • Taxes
  • Overtime
  • Outsourcing
  • Time & Attendance
  • Analytics
  • PEO
  • Outsourcing
  • HCM
  • Hiring
  • Onboarding
  • Recruiting
  • Retirement
  • Group Health
  • Individual Insurance
  • Health Care
  • Employment Law
  • Tax Reform

Barbara Weltman

Barbara Weltman is a tax and business attorney and the author of J.K. Lasser's Tax Deductions for Small Business as well as 25 other small business books. She has been named a Small Business Influencer for five years in a row.

WORX Content from this Author

Understanding How Sales Tax Holidays Work

As sales tax holidays become more common in the U.S., learn more about how they work and how to better prepare for them so you can maximize the benefits.

Maximizing Business Expense Deductions

Reduce business taxes by identifying deductible expenses and tracking them throughout the year to simplify the filing process.

Understanding Asset Depreciation and Section 179 Deductions

With asset depreciation your business saves on taxes if you own property, equipment, vehicles, or fixtures that can be claimed with Section 179 deductions.

Fixing Employee Benefit Plan Mistakes

Even with the best of intentions when offering benefits, administrative mistakes can happen. Here's what you can do when these errors happen.

Taxable Benefits You May Want to Offer in a Tight Labor Market

You may already know that offering benefits is a critical part of employee retention, but what are the tax implications? Barbara Weltman outlines some key considerations.

What is FUTA?

Pay wages of $1,500 or more to employees in a calendar quarter? Then you must pay this tax annually.

Borrowing Early from a 401(k): Pros and Cons

Is borrowing early from a 401(k) plan the right move if you or an employee is in a cash crunch? Barbara Weltman explains some rules and regulations around doing this, and why making this decision shouldn't be taken lightly.

Helping Employees Change their Withholding

Employers are not their employees' tax advisors. Nonetheless, consider sharing the following information about revising W-4s so that employees' withholding closely matches their tax bill for the year.

Is it Time to Audit your Employee Benefits Package?

Offering benefits is a balance between satisfying employee needs and staying within budget parameters. Learn why now is an ideal time to review your benefits offerings.

Payroll Costs for Supplemental Payments to Employees

How do you go about figuring withholding for supplemental payments? Barbara Weltman explains what goes into these calculations.

An Overview for New Business Owners about Interacting with the IRS

If you're starting your business and unsure of how to interact with the IRS (an inevitable part of business ownership), this article can help guide you through the basics.

Updating Your Payroll for Tax Reform

New rules under tax reform mean big changes for your payroll starting this year. If you are an employer running payroll in-house, it's up to you to implement the following changes now if you haven't already.

Form W-4 Basics

As the IRS has recently released a new W-4, now is a great time to refresh your knowledge about what this form is used for and how tax reform has impacted it.

What's New in Payroll Taxes for 2019

Various changes made by Congress and the IRS may affect the employment taxes you pay and withholding requirements you must observe. Here's a quick breakdown of what you need to know when it comes to payroll taxes in 2019.

Small Business Owners: Will Your Taxes Go Up or Down?

Will your business pay more or less under the recent tax overhaul? As Barbara Weltman explains, the answer depends on your unique business situation.

What's New for Retirement Plans in 2018

The new year presents a new opportunity to establish a retirement plan or make adjustments to an existing one. Here are some of the new dollar amounts to account for in budgeting for plan contributions and for payroll adjustments in 2018.

Starting 2018 Off on the Right Foot for Recordkeeping

The new year is a great time to evaluate your recordkeeping processes. Where can you improve and make your processes more efficient?

How to Calculate Your FICA Rate: Understanding the Federal Insurance Contribution Act

Learn the factors and calculations needed to determine your FICA rate, and how it impacts employees, employers, and self-employed individuals.

Understanding Payroll Tax Responsibilities

Whether you have one or many employees, it's important to understand your many payroll tax responsibilities. Here's a checklist to get started.

The Rise of HSAs

Barbara Weltman explores how health savings accounts have grown to become an attractive employee benefit.

The Tax Savings of Offering a Retirement Plan

Take a look at some of the tax savings that could be available to you when you offer a qualified retirement plan.

What is the Self-Employment Tax, and What Does It Apply to?

Self-employment tax obligations need to be handled properly, otherwise penalties could ensue. Here are some basics to help you understand what is required as part of the self-employment tax.

Year-End Payroll and Benefits Planning

As you finalize your payroll activities this year and set compensation and benefits for next year, here are some things to take into account.

The Importance of Time Tracking: What are the Most Effective Options?

Take a look at why it's important that you track your employees' hours, and some effective methods for doing so.

Rise of Portable Benefits in a Gig Economy

With the growing number of independent contractors, the topic of portable benefits is becoming increasingly popular. Since many benefits are typically tied to employment, what are members of the gig economy to do? Small business expert Barbara Weltman examines this issue closer.

S Corporation vs. Limited Liability Company: Which is Right for You?

Uncertain whether an S corp or LLC is right for your startup, or what these terms even mean? Keep reading. We'll break down the differences between these two entities.

What Could Come Next with the Proposed Overtime Rule?

The proposed overtime rule, if enacted, could mean big changes for employers before the end of the year. Barbara Weltman outlines where the rule stands now and where it could be headed.

What to Do if You Can't Make Payroll

Sometimes events can disrupt the best laid business plans and cause employers to worry about meeting payroll. Here are some signs that can trigger payroll woes, and ways to face them.

Things to be Mindful of This Tax Season

Whether you're an experienced business owner or just getting started, tax credits and deductions are continually changing. Here are some new developments that may help reduce your taxes this year, as well as some actions you can explore to help have a favorable outcome during this tax season.

Using Accountable Plans Benefits Both Employers and Employees

When reimbursing employees for expenses, how you pay them back can have an impact on your taxes and your employees' taxes. Learn what an accountable plan is and how to create and operate one in your business.

Establishing a Credit Policy for Your Customers

Unless your customers pay in full at the point of sale or completion of service with cash, be sure you have a formal credit policy in place. Barbara Weltman explains some ways to go about establishing one.

Tax Tips for the Gig Economy

If you earn money through Uber, TaskRabbit, Guru, Upwork, Elance, or another company that uses your talents and resources on an as-needed basis, don't overlook your tax obligations for these earnings. Here are some tips to help you manage your tax obligations in the gig economy.

Separating Your Personal and Business Finances

Separating business and personal finances is one way you can make your business more professional. Learn why it’s important and how you can get started.

Misclassification of Expenses in an Accounting System

Your accounting system is the key to understanding what's happening in your business. That's why getting things right is essential.

How Presidential Candidates Plan to Address Tax Issues

With the presidential election days away, small business owners may want to factor in each candidate's position on tax matters in deciding for whom to vote. Here are the candidates' stated views on income and estate taxes.

Why It's Important to Perform a Year-End Physical Inventory

As we end one year and prepare for the next, it’s a good time to review your physical inventory and take appropriate action to position yourself for the coming year.

Form W-2 Filing Responsibilities for Employers

As the year comes to a close, your employees may have questions about their Form W-2s. Read this article to prep for their questions and learn more about your responsibilities.

Employee Benefits that Save You Taxes

As the job market tightens, companies competing for talent must offer not only competitive pay but also a menu of benefits. Benefits can help attract and retain good employees and can potentially cut down on the costs of finding and training new workers. These benefits can also help you save on taxes.

Tips for Businesses Filing Taxes for the First Time

If you're a new business owner filing a tax return for your business for the first time, the obligation may seem daunting. Read on to gain a basic understanding of what you have to do and make plans on how to do it.

Changing Accounting Methods for Materials and Supplies

All businesses use materials and supplies. The challenge from an accounting perspective is understanding when they can be currently deducted, when they must be capitalized, or when they are subject to some other tax treatment.

2016 Year-End Cheat Sheet for Your Business

With only a few weeks left in the year, there may still time for you to take actions that can favorably impact your tax bill for 2016 and get you ready for 2017.

10 New Tax Rules for 2017

One of the hottest topics for the New Year is comprehensive tax reform. The new administration, with the support of Congress, is likely to make dramatic changes in federal tax law. Some tax laws have already changed and are ready for 2017. Check out these 10 new tax rules.