Prior to 2020, Form 1099-MISC was standard for non-employee compensation (NEC). This is no longer the case. Beginning with tax year 2020, employers should use Form 1099-NEC to report non-employee compensation. Here’s what you need to know to file correctly by the 1099...
Every year, the same thing happens as tax season looms: we get a bunch of last-minute, frantic clients worried about getting their taxes paid on time. They throw us every document they can find, get frustrated when we ask follow-up questions and request additional...
Wouldn’t it be amazing if we could just press a taxes button and all our business’s taxes would be filed instantaneously? We can all dream… Tax terminology, expectations, and deadlines are overwhelming even for seasoned businesses. Federal and State...
