View Padgett President Roger Harris' congressional testimony on the impact of the Corporate Transparency Act and the BOI reporting requirements here.
Small business alert: The IRS can hold you personally liable with the 100% penalty
May 14th, 2025 | Legislation and Compliance
Some tax mistakes can be costly—but one of the most serious is not turning over the federal income and payroll taxes you’ve withheld from your employees’ paychecks. If your business fails to do this, the IRS can hold you personally responsible, even if you’re not the owner. This is done through something called the Trust […]
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Is your business on top of its tech stack?
If you’re a small business owner, you’ve likely gotten advice about using technology to run your business better. One term that might’ve come up is “tech stack.” It sounds technical, but it’s actually something every business—big or small—should understand. So, what is a tech stack? Your tech stack is all the digital tools and software […]
Read More >>Why you should get comfortable with your financial statements
Let’s be honest: financial statements aren’t exactly fun reading for most business owners. But they’re incredibly important. When you understand them, they can help you make smarter decisions and grow a stronger business. Here’s a quick breakdown to the three main financial statements you need to know: 1. The Balance Sheet: Your Business Snapshot The […]
Read More >>6 Payroll tax tips every small business owner should know
Running a business is hard enough without worrying about payroll taxes. But staying on top of them is key—mess-ups can lead to big fines and frustrated employees. Here are six simple tips to help you stay compliant and keep things running smoothly. 1. Keep your records organized Tracking hours, wages, and taxes might not be […]
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Understanding IRAs: your retirement savings guide
With the recent passing of the SECURE 2.0 Act of 2022, you may have questions about the different types of Individual Retirement Accounts (IRAs) available. How do you choose what retirement plan is right for you? IRAs are a powerful tool for retirement savings. They are savings plans that come with tax advantages to help […]
Breaking Down the SECURE Act 2.0
Roger and Annie discuss the changes in the SECURE 2.0 Act of 2022 and how this impacts small business owners with regards to offering retirement plans to their employees. They also talk about recent changes in IRS regulations that could prove …
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