CompassOne Payroll

05/26/2026

SBA Launches New Capital Boost for Small Businesses. Here's what you need to know. Full article attached.

1. The SBA is expanding access to flexible working capital
The new program is designed to help small businesses access funding that works more like an ongoing line of credit instead of a traditional lump-sum loan. That flexibility can help businesses manage cash flow, take on new projects, and respond faster to growth opportunities.

2. The goal is to make growth financing easier to use
The initiative is meant to reduce friction in borrowing by offering structures that better match how small businesses actually operate—especially businesses that need funding for inventory, customer orders, operating expenses, or expansion.

3. This reflects a broader SBA push to increase capital access
The launch fits into a larger effort by the SBA to expand lending options and reach more small businesses through updated loan products and increased financing availability. Recent SBA efforts have focused on widening access to capital and supporting business growth at different stages.

Entrepreneurs will soon be able to take out more government-backed loans. But how meaningful is that as inflation hammers consumers and businesses alike?

05/19/2026

Check out our blog post about understanding payroll taxes. Link to the full blog below but here are our three take aways.

1. Payroll taxes are shared responsibilities between employers and employees. Employers must withhold federal, state, Social Security, and Medicare taxes from paychecks, while also contributing their own share for programs like Social Security, Medicare, and unemployment insurance.

2. Accuracy and compliance are critical. Mistakes in calculating, withholding, or filing payroll taxes can lead to penalties and audits, which is why many businesses use payroll software or outside providers to manage the process.

3. Payroll taxes fund important public programs. The taxes collected help support Social Security, Medicare, unemployment benefits, and other government services that employees may rely on later in life.

https://payrollmanagementexpertinrochesterny.org/understanding-payroll-taxes-a-guide-for-rochester-employers-and-employees/

05/15/2026

100%!!!! Have a great weekend, friends.

05/13/2026

That “tax hack” you saw on TikTok could end with an IRS letter instead of a bigger refund. 💸📱

NPR says before you trust social media tax advice, ask:
• Is the source actually qualified?
• Does it sound too good to be true?
• Can it be verified somewhere reputable?

Because “viral” and “legal” are not the same thing.

So you heard a piece of tax advice from a friend or on social media that sounds interesting. Should you try it? A certified public accountant explains how to vet the claim — and avoid getting scammed.

05/11/2026

Merch is the new loyalty program! Check out this article on how businesses are working to build a fanbase.

Restaurant merch "is the new band tee."

05/08/2026

And we are ready to answer! Have a great weekend, friends!

05/06/2026

Stress can show up in your mind, body, or behavior—but relief can be quick. Psychologist Jenny Taitz shares fast, science-backed tips from Stress Resets.

Listen to this episode of LIFE KIT:

Whether your stress manifests in your mind, body or behavior (or maybe all three) there are ways to find relief quickly. Clinical psychologist Jenny Taitz talks about some of the 75 evidence-based tips from her book Stress Resets: How to Soothe Your Body and Mind in Minutes. This episode originally....

05/05/2026

Most employees are using HSAs to cover immediate healthcare costs—not to save or invest for the future. Rising medical expenses are driving the shift, highlighting a need for better education on how to maximize HSAs’ long-term benefits. Interested in learning more, check out this article.

With health care costs rising, workers are relying on health savings accounts for current expenses rather than long-term savings. Better benefits education may help.

04/28/2026

We love read these weird tax laws and regulations! For New York it's tax on a New York City bagel. Did you know that in the Big Apple you pay 8.875% tax if you order your bagel toasted, sliced, with cream cheese or altered in any way. However there is no tax for an unsliced bagel.

Which state do you think has the weirdest tax law.

Laws about candy? Rules about balloons? There are many bizarre tax laws that leave consumers scratching their heads — but some could save you money.

04/24/2026

Happy Friday, friends.

04/23/2026

A. First, the question should be optional and clearly stated as such on the application.

Second, if you ask for pronouns on the application, screeners and interviewers should use them. Your workplace culture won’t come across as authentic or inclusive if the applicant’s stated pronouns are disregarded.