Tag irs

IRS Form 1099-NEC Regulations in 2020

The IRS has, for years, used the 1099-MISC for all payments made to non-employees. When you file taxes in 2021, this will be different. The IRS form 1099-NEC will be the new way to report non-employee compensation for payments made…

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…