Should you file a 1099-NEC or 1099-MISC form this year?

Should you file a 1099-NEC or 1099-MISC form this year?

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...
Must-have Tax Preparation Checklist For Your Business

Must-have Tax Preparation Checklist For Your Business

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...
4 Strategies to Get Your Business Through Tax Season Unscathed

4 Strategies to Get Your Business Through Tax Season Unscathed

Taxes, taxes, taxes. It seems like that’s all we talk about these days, but that’s because we have seen and felt the pain of companies unprepared. A survey from TaxSlayer discovered that 28 percent of Americans think it would be easier to go without a cellphone for a...