19 02, 2020

IRS Form 1099-NEC Regulations in 2020

By | 2020-02-21T10:03:58-07:00 February 19th, 2020|IRS, Tax|0 Comments

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 in 2020. Keep reading to learn more about what counts for the IRS form [...]

3 12, 2019

IRS In-Person Visits: Everything You Need to Know

By | 2019-12-03T13:22:41-07:00 December 3rd, 2019|IRS, Uncategorized|Comments Off on IRS In-Person Visits: Everything You Need to Know

As of November 2019, the IRS is authorized to make unannounced in-person visits. Why are IRS in-person visits happening? And what to do if you get one? Keep reading to learn more. The IRS has started to make home visits to individuals to help solve tax compliance issues. You will [...]

3 12, 2018

Independent Contractors and Employees: How They’re Different

By | 2018-12-03T03:56:59-07:00 December 3rd, 2018|1099, Accounting, Billing, Blog, Business Advice, Income, IRS, Monthly GAB, new business owner, New employees, Our Services, Small Business GAB, Starting a new business, Startups, Tax, tax refund, taxes, The Tax GAB, time to hire|Comments Off on Independent Contractors and Employees: How They’re Different

As your business grows over time you will probably want to expand and hire people for different roles. Luckily, there are many options available for companies who need to find talented workers. As an employer, there are two main types of workers: employees and independent contractors. What’s the difference you ask? For a new [...]

8 10, 2018

How to Fill out a 1099

By | 2018-10-08T18:52:53-07:00 October 8th, 2018|1099, Accounting, Billing, Business Advice, Financial, Income, IRS, new business owner, Our Services, Tax, taxes|Comments Off on How to Fill out a 1099

In a previous post, we discussed who gets a 1099, and now you need to know how to fill out a 1099. Documents like this can be intimidating at first glance, but when you break them down it is quite simple. Here is our guide, box by box, of how to fill out a [...]

10 09, 2018

Who Gets a 1099?

By | 2018-09-10T17:08:13-07:00 September 10th, 2018|1099, Accounting, Business Advice, IRS, new business owner, Tax, tax refund, Uncategorized|Comments Off on Who Gets a 1099?

1099's have proven to be a point of confusion for many clients, so we’ve compiled a list of all the people you need to send a 1099 as a point of reference. Feel free to use this blog as a reference as your prepare to send these out in just a few short months. [...]

22 06, 2018

Got a Letter from the IRS? Don’t Panic.

By | 2018-06-22T23:35:58-07:00 June 22nd, 2018|Blog, Business Advice, IRS, Our Services, Tax, Uncategorized|Comments Off on Got a Letter from the IRS? Don’t Panic.

If you received an envelope from the Internal Revenue Service (IRS) that does not contain a refund check, your heart rate likely increased. Before you fret, remember that most of the issues in these letters can be dealt with simply and painlessly. There are a number of reasons the IRS might send you a [...]