How To Get Your Small Business Ready For 2021 1099 Tax Season? Here are some simple ways to organize and prepare your 1099 forms for the 2021 tax season. 2021 is officially… Read More December 23, 2021
New Updates To Form 1099-NEC For 2021 Tax Year Here are a few updates to Form 1099-NEC that you must know for the 2021 tax year. As the 2021… Read More December 7, 2021
Employee Misclassification: How It’s Costing Gig Economy Companies Millions Of Dollars In Penalties Here’s how gig economy companies are risking lawsuits and hefty penalties from the IRS by misclassifying their employees as independent… Read More November 29, 2021
What Is Non-Employee Compensation And How To Report It? Here’s a comprehensive approach to understanding everything there is to know about Form 1099-NEC, non-employee compensation, and its reporting requirements.… Read More November 26, 2021
UPDATE: Form 1099-NEC Is Now Added To The Combined Federal/State Filing (CF/SF) Program In 2021 Learn about the new updates to Form 1099-NEC, how it affects your state and federal filing processes, and the best… Read More November 2, 2021
State-Wise Reporting Requirements for Form 1099-NEC Under Direct Or CF/SF Program – A Comprehensive Guide Business taxpayers are used to convenient tax filing procedures and programs enforced by the IRS and state tax departments. Those… Read More January 22, 2021
1099 Reporting For Small Businesses: 5 Common Mistakes To Avoid Simple tips that help you save money and hours spent on gathering information for 1099 reporting. As the tax season… Read More January 4, 2021
Why Did The IRS Restore Form 1099-NEC For Tax Year 2020-2021? The simple change to Form 1099-MISC is the fiscal age definition of the butterfly effect. It’s as if everything from… Read More December 22, 2020
How Form 1099-NEC Replaces Box 7 on Form 1099-MISC for Tax Year 2020-2021 With Box 7 eliminated from Form 1099-MISC, the new Form 1099-NEC is where businesses have to report nonemployee compensations. As… Read More December 8, 2020
1099 Forms What Is Form 1099-NEC? If you are wondering which IRS form you need to file to report nonemployee compensation, it is Form 1099-NEC. This… Read More September 17, 2020