When deciding on a payment processor for your business, it’s important to consider several key factors.
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 …
A QuickBooks Pro license is good for three years, after which Intuit drops support for the product. You can still use the software after the three years are up, but the Intuit team won’t be able to …
In the final months of the year, there are only a few options left to you to lower your taxable income and reduce your tax bill. This is the #1 topic for financial planners assisting their clients.
The W-9 is critically important for businesses to collect from anyone to whom they will make payments for services. The W-9 is required in order to issue Form 1099-NEC, a new form required by the IRS for the 2020 tax year.
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.