The IRS has introduced a new Form 1099-NEC, Nonemployee Compensation. It’s a sibling to Form 1099-MISC and replaces it for certain purposes. You must file it for each person in the cou… Read More
Many small businesses rely on independent contractors either instead of, or in addition to, W2 employees. If you pay independent contractors to provide services for your company, be aware th… Read More
IRS Spotlights Upcoming Tax Filing Season
As part of a series of reminders,
the IRS has urged taxpayers get ready for the upcoming tax filing
season. A special page
( https://www… Read More
The year-end rush many small businesses face may end when the calendar turns from 2020 to 2021. However, small business owners and managers must then turn their attention to meeting year-end… Read More
Before 2020, business owners used one universal form—Form 1099-MISC—to report nonemployee compensation and other types of payments (e.g., rent). But after a 38-year absence, Form… Read More
Running a small business can be rewarding, but many entrepreneurs reach a point when they decide it is time to close up shop. Whether it is tied to a planned retirement or driven by underlyi… Read More
Libel lawsuits by public figures famously require that the plaintiff show that the defendant wrote with "actual malice," which is to say knowing that the statement was false or likely false… Read More
Yesterday, I posted on the Supreme Court oral argument in oral argument in Cedar Point Nursery v. Hassid, a major takings case. In this post, I cover a few additional issues raise… Read More
Filing your business’s taxes can sometimes feel like a necessary evil, making tax season a very stressful time for a small business owner. Each year, you may ask yourself: “Am I… Read More
Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing, according to several reports. And reductions in working hours dur… Read More
Year-end payroll: It’s a doozy, especially when you’ve got so much on your plate with the holiday rush. The good news is that a little organization can make the process a whole l… Read More
The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned… Read More
Closeup of Kind 1099-NEC, Nonemployee Compensation. The IRS has reintroduced Kind 1099-NEC because the … [+] new method to report self-employment earnings as an alternative of Kind… Read More
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax reporting requirements that take effect for 20… Read More
Form W-9 is a very basic IRS form having only one purpose. It allows you to communicate your Tax Identification Number (TIN), which is also known as your Employer Identification Number (EIN)… Read More
The U.S. 3rd Circuit Court of Appeals (which covers Pennsylvania employers) recently announced it will consider the most important question in collegiate sports history: whether students who… Read More
The April tax filing deadline has passed, but that doesn’t mean you should push your taxes out of your mind until next year. Here are three tax-related actions that you should consider… Read More
Taxpayer disputed the new IRS’s condition, and you can argued that $XYZ moved to your last year failed to constitute that loanAfter the brand new Be certain that Several months, the su… Read More
The IRS informed taxpayers that it will send Notices CP2100 and CP2100A notices to financial institutions, businesses, or payers who filed certain types of information returns that do not ma… Read More
Retaliation continues to be at the top of the federal government’s priority list. In March 2022, the U.S. Department of Labor (DOL) issued a new field assistance bulletin titled P… Read More
President Joe Biden has made clear he intends to be “the most pro-union president you’ve ever seen.” The National Labor Relations Board’s (NLRB) recent initiatives un… Read More
As a small business owner, you’re probably familiar with the 1099 series of tax forms. If you’ve hired any independent contractors during the previous year, you’ll need to… Read More
IRS Approved 1099-NEC, 3part laser set. Meets all requirements for filing with the Federal Government. Use Form 1099-NEC to report nonemployee compensation ...[Read More]Our Price: $25.25… Read More
IRS Approved 1099-NEC, 4part laser set. Meets all requirements for filing with the Federal Government. Use Form 1099-NEC to report nonemployee compensation ...[Read More]Our Price: $19.79… Read More
Can you imagine your business without an excellent accounting/bookkeeping service? Yes, it’s impossible to have a business up and running without an accounting service. The history of… Read More
The IRS has made the DRAFT 1099 NEC for Non-employee Compensation tax form available as of July 24th, 2019. The purpose of the 1099-NEC is to extract Box 7 Nonemployee Compensation from the… Read More
Are your employees really employees, or are they actually independent contractors? It’s not just semantics; the IRS makes a stark distinction. You don’t generally have to withhol… Read More
When medical care at a hospital falls below the minimal standard of care set by the medical profession, it constitutes medical negligence, and it can mean injury or death for a patient. Acco… Read More
As a small business owner, you might hire independent contractors to address business-related needs. When you pay an independent contractor, they receive nonemployee compensation. What is no… Read More
If you paid a person that is not an independent contractor during the tax year, you might need to file Form 1099-MISC. So, what is Form 1099-MISC? What is Form 1099-MISC? Form 1099-MISC, Mis… Read More
Payroll is a complex and critical process for every business. Between the differences in payroll periods, and tax laws, there’s no clear roadmap for every company to follow. But unfor… Read More
How Can a Sexual Harassment Attorney in Miami Help You Protect Your Rights?
Sexual harassment in the workplace occurs more often than most people would like to accept. It can be a simple… Read More
The Rainmaker by John Grisham - Chapter 46 - Presented by MRMC PAKI AM FASCINATED BY WHAT DRUMMOND will try with his defense. He risks further damage if he trots out others from the ho… Read More
As long as you aren’t working as a contractor, you’ve likely encountered a W-2 tax form.
The IRS mandates that employers distribute and use these documents to track your incom… Read More
A shopper browses inside a Bath & Body Works store in Las Vegas, Nevada, U.S., on Sunday, Nov. 7, 2021.
Bridget Bennett | Bloomberg | Getty Images
Company: Bath & Body Works… Read More
Key Takeaways:
LLC partnerships are limited liability companies with two or more members. They aren’t taxed as corporations unless they choose this arrangement with Form 8832
You… Read More
The IRS requires you to file a tax return if you earned over the standard deduction for your filing status during the tax year. The standard deduction changes every year, and as of tax year… Read More
Breaking News on Form 1099-K!
The IRS announced in late December a delay in the $600 reporting threshold for third-party settlement organizations, which had been in effect for the 202… Read More
So much about the world of work has changed in the past 3 years.
If someone told you in 2019 that “work from anywhere” policies would be common, 4-day workweeks would be widel… Read More
Hospital Not Liable For Negligent Acts Of Nonemployee Physicians: The Tennessee Governmental Tort Liability Act (GTLA) removes immunity from liability when an injury is caused by the neglige… Read More
Halfpricesoft.com gives business owners an efiling option for processing W2 forms. When utilizing the new 2022 ezW2 tax preparation software, customers that have never had to process W2 tax… Read More
What is the 1099 NEC Form?
The business will use the 1099 NEC Form if they made payments totaling $600 or more to a non-employee such as an independent contractor.
Most firms must subm… Read More
Just recently, the IRS opened up new portal to e-file 1099 forms for free. This is available for both individuals and small businesses and will likely cause big changes in the way many peopl… Read More
For those living and working in the United States, all financial earnings are required to be documented and submitted to the IRS for tax compliance. Every taxpayer receives a document used f… Read More
Remuneration Committee Meaning
A remuneration committee is a group of independent board members created to set the remuneration of senior-level employees, executives, and directors. This… Read More
Recognizing and Examining Form 1099-NECs: Toward the year’s end, Square’s internet-based finance administration creates and documents Structure 1099-NEC for every one of your pro… Read More
Be mindful that the time for firms to file information returns for recruited personnel is getting closer as the 2023 filing season deadline approaches. Employers must submit these forms w-2… Read More
IRS Form 1099-NEC is a tax form that reports nonemployee compensation to both the IRS and the recipient. These recipients are typically contractors, freelancers, and self-employed individua… Read More
The world of real estate can be quite complex, especially when it comes to navigating the tax landscape. Understanding the various tax deductions for real estate agents available to you ca… Read More
Cargo revenue at leisure carrier Sun Country Airlines jumped 18% year over year in the second quarter to $25 million as aircraft flown for Amazon, its dedicated cargo customer, were fully a… Read More
Nikola Chairman Steve Girsky is taking over as CEO — the startup electric truck maker’s third chief executive in less than a year — as incumbent Michael Lohscheller dep… Read More
On February 21, 2023, the IRS made vital modifications to the digital submitting necessities that may take impact in 2024. The IRS digital submitting modifications could affect you you pr… Read More
The IRS has launched a new form for independent contractors, vendors, freelancers and consultants that business taxpayers need to be aware of. Previously, businesses used the Form 1099-MISC… Read More
The world of real estate can be quite complex, especially when it comes to navigating the tax landscape. Understanding the various tax deductions for real estate agents available to you ca… Read More
Tara Lynn Gray | Special to The Desert Sun
Forty-five percent.
That’s the slice of the small business pie owned by Hispanics or racial minorities in California. Consider… Read More
In this article, you will learn:
Shopify Taxes: Common Taxes eCommerce Businesses Need To Pay
Shopify Tax Documents 2023
Shopify Tax Documents 1099-K
How To Get Shopify Tax Documents Online… Read More