Does Your Business Need Bookkeeping?

It is no secret to any business owner that keeping accurate financial records is a key aspect of operating a company. Recordkeeping can often go overlooked among all the work …

NEW for the 2020 Tax Year: Form 1099-NEC

The IRS changes Form 1099 for 2020 Tax Year!
For the 2020 Tax Year, the IRS is requiring a new form, the 1099-NEC to report nonemployee compensation. The 1099-NEC is a whole form dedicated to BOX 7 (nonemployee compensation) formerly on the Form 1099-MISC.