Does Texas Have State Income Tax?
If you’ve ever wondered, Does Texas have state income tax? The answer might surprise you.…
The MADTAX BLOGS
Financial Operations Resources
The Madtax eliminates slow, fragmented financial processes and brings all of your financial operations under one roof.
How Long Does It Take to Get a Tax Refund?
Wondering how long it takes to get a tax refund after filing your return? The…
FICA Taxes: A Quick Guide
If you’ve ever reviewed your paycheck and noticed deductions for FICA taxes, you may have…
When Are Taxes Due 2026
Key Takeaways: What Are the Tax Deadlines for 2026? The 2026 tax calendar includes important…
How to File a Tax Extension with IRS Direct Pay
Tax season can be stressful, especially when you’re still waiting on important documents or juggling…
When Does No Tax on Overtime Start?
Overtime has always meant extra hours and extra earnings, but now, thanks to the One…
When Are Taxes Due 2025?
Key Takeaways Key Tax Deadlines for 2025 The 2025 tax season is packed with important…
Where’s My Tax Refund?
If you’ve filed your taxes and are waiting for your money, you’re probably wondering, “Where’s…
How to File a Tax Extension
Filing your taxes can sometimes feel overwhelming, especially when you are waiting for missing documents…
What Is Double-Entry Bookkeeping?
Double-entry bookkeeping is the backbone of modern accounting systems. It’s a structured method that records…
Bookkeeping for Startups
Starting a business is an exciting journey filled with innovation, ideas, and ambition. But behind…
What Is a W-9 Tax Form?
The W-9 tax form, officially called the “Request for Taxpayer Identification Number and Certification”, is…
What Is a W-2 Form? Who Gets It and How to Read It
If you have ever worked as an employee in the United States, chances are you…
Bookkeeping for Small Business
Bookkeeping is the backbone of every successful small business. Without proper records, it becomes nearly…
What Does a Bookkeeper Do?
If you’ve ever wondered “What does a bookkeeper do?” the answer goes far beyond just…
What Is Payroll Tax?
If you have ever worked as an employee in the United States, chances are you…
How to File Schedule C Form 1040: A Step-by-Step Guide
Running a business means handling more than just day-to-day operations; you also need to stay…
What Is IRS Form 944?
If you’re a small business owner, you may have received a notice from the IRS…
Form 4562 Instructions: Guide for Businesses
Filing taxes can feel overwhelming, especially when dealing with business assets like equipment, vehicles, or…
What Is Form 1096: An Employer’s Guide
Tax season is filled with checklists and deadlines. Employers not only prepare 1099s but also…
What Is a W‑4 Form and How to Fill It Out in 2025
The IRS W‑4 form is an essential document for every employee in the United States.…
Form 941 Filing Guide: Instructions, Mailing Address & Schedule B
Filing payroll taxes correctly is one of the most critical responsibilities for employers, and it’s…
What Is IRS Form 940 and Who Needs to File It?
IRS Form 940 is used by employers to report and pay Federal Unemployment Tax Act…
What Is Form 1065: U.S. Return of Partnership Income?
Form 1065 is a federal tax return used by partnerships in the United States to…
What Is an I-9 Form? Purpose, Requirements, and Employer Guide
Hiring new employees involves more than just conducting interviews and extending job offers. One essential…
Form 1120 Filing Guide: How C Corporations File Taxes with the IRS
IRS Form 1120 is the cornerstone of federal tax reporting for C corporations in the…
Understanding IRS Form 1120S: A Complete Guide for S Corporations
Filing taxes can be complex, especially for small businesses and S corporations seeking reliable tax…
Understanding IRS Form 3921: A Guide for Employers and Employees
Incentive Stock Options (ISOs) offer employees potential tax advantages, but they also come with reporting…
What Is Form 843 and When Should You Use It?
If you’ve ever dealt with unexpected IRS penalties or interest charges, you may have come…
What Is Form 8863 and How Does It Work?
If you’re covering education expenses, you might be eligible for valuable tax credits that can…
Everything You Need to Know About Form 8962 and the Premium Tax Credit
If you received health coverage through the Health Insurance Marketplace, you may be required to…
Understanding IRS Form 8812: Everything You Need to Know
When it comes to filing taxes, there are many forms that could potentially apply to…
Form 2553: Everything You Need to Know to Elect S-Corp Status
If you’re looking to reduce your self-employment tax liability and simplify your business’s tax structure,…
What Is Form 1099-R and How Does It Affect Your Taxes?
If you’ve received distributions from a retirement account, pension, or annuity, you’ll likely receive Form…
Form 1099-G: What It Is and How It Affects Your Taxes
If you’ve received government payments such as unemployment benefits, state tax refunds, or other government-issued…
IRS Form 944: Everything Small Businesses Need to Know
If you’re a small business owner, you’ve likely come across IRS Form 944—especially if your…
Understanding the 1099-SA Form: What You Need to Know
The 1099-SA form is a tax document used to report distributions from Health Savings Accounts…
Understanding Form 1099-OID: Original Issue Discount and Tax Reporting
Investors who hold bonds, Treasury obligations, or other debt instruments may encounter Original Issue Discount…
What Is a 1099-S Form? A Comprehensive Guide to Tax Reporting
If you’ve sold real estate—whether a home, commercial building, or vacant land—you may receive Form…
What Is a 1099-DIV Form and How Is It Used for Tax Filing?
Investors who earn dividends or capital gains distributions from stocks, mutual funds, or exchange-traded funds…
How to File 1099 Forms Online: A Complete Beginner’s Guide
The 1099 tax forms are essential for businesses and individuals who make certain types of…
Understanding Form 1099-K: What You Need to Know
Receiving payments through credit cards or third-party platforms is common for businesses and freelancers. The…
Understanding Form 1099-B: Reporting Investment Income to the IRS
When selling stocks, bonds, or other securities, your brokerage will likely send you Form 1099-B…
Understanding 1099 C Forms: What They Are and How to File Them
Think a forgiven debt is a free pass? Not so fast. If a lender cancels…
What Is a 1099 INT Form and How to File It
When tax season rolls around, keeping track of essential forms and deadlines can feel overwhelming.…
1099 NEC Instructions: Step-by-Step Guide
Filing taxes can be overwhelming for businesses, especially when it comes to managing payments to…
What is a Form 1099 Used For and Who Gets It?
Form 1099 is a crucial document in the U.S. tax system, primarily used to report…
What is Form 1099-NEC?
For business owners and independent contractors, understanding Form 1099-NEC is essential during tax season. This…
What is a 1099-MISC Form Used For?
Tax season often brings a flurry of paperwork and numerous forms to complete. Among the…
6 Simple Ways to Improve Payroll Efficiency
Managing payroll can be one of the most time-consuming and complex tasks in any organization.…
What Are the Most Common Types of Taxes? A Simple Guide
Not the most exciting subject, but we all have taxes to deal with. Taxes find…
What is Bookkeeping – A Complete Guide
Bookkeeping is the process of recording all financial transactions in a business, from purchases and…
How to Streamline Payroll Processing
Handling payroll can be challenging for businesses, requiring accuracy, following rules, and managing time. Many…
What are the Benefits of Professional Bookkeeping Services?
In the fast-paced world of business, keeping your financial records organized and up to date…
Payroll Management: The Ultimate Guide
Managing payroll can be a daunting task for any business. It involves accuracy, compliance, and…
How To Keep Your Financial Records Organized?
In today’s fast-paced business world, keeping your financial records organized is more than just good…
A Beginner’s Guide to Setting Up a Payroll System for Your Business
Setting up a payroll system is one of the most critical tasks for any business…
How to Avoid Common Mistakes When Claiming Tax Credits
Tax credits are one of the most effective ways to reduce your tax liability, directly…
How to Fix Bookkeeping Errors in Your Financial Records
Keeping financial records correctly is crucial, but mistakes can happen even with careful business owners…
The Role of Technology in Ensuring Accurate Bookkeeping
In the digital age, technology has revolutionized the way businesses operate, and bookkeeping is no…
How Bookkeeping Cleanup Helps Enhancing Cash Flow Management
In the complex world of business, cash flow management is crucial for sustaining operations and…
How Bookkeeping Catch-Up Services Can Transform Your Finances
Have you ever been overwhelmed by a lot of old and incomplete financial records, making…
How Cloud-Based Payroll Services Can Streamline Your Business Operations
In today’s busy business world, being efficient is crucial for success. Payroll management is a…
The Benefits of Hiring a Professional Tax Service
Both people and corporations may experience stress during tax season. Navigating through the complexities of…
Common Mistakes in Bookkeeping and How Clean-Up Services Can Fix Them
Accurate bookkeeping is the backbone of any successful business, ensuring that financial records are complete,…
The Importance of Bookkeeping for Startups: A Comprehensive Guide
Starting a new business is super exciting and full of dreams and new chances. However,…