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IRS Form 1099-NEC Regulations in 2020

The IRS has, for years, used the 1099-MISC for all payments made to non-employees. In the 2021 tax year, they are making changes. The new IRS form 1099-NEC will be the new way to report non-employee compensation for payments made…

Start Mileage Tracking in 2020

One of the best ways to save money in tax deductions [as a small business owner] is to track your business miles driven. Self-employed individuals have access to the highest deduction rates as well as the fewest restrictions with mileage…