This past January saw changes to filing deadlines for W-2s and some 1099s. While most of the change-over ran smoothly, it is always a good idea to review these changes and why they are important.
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Tax Preperation
In our first chapter we saw the horrors that can befall your company when collecting W-9s falls through the cracks. Now let’s examine how to handle them to turn your worst nightmare into sweet dreams.
It’s was a dark and stormy night. There, hunched over the table, was a small business owner furiously trying to figure out his 1099 situation. What a nightmare! All kidding aside, we don’t want this to be you this January when 1099 season arrives.
Keeping accurate business records is part of creating a successful business. Inside you will find our Free Guide on what is important to keep and for how long.
Ever feel like this when processing payroll, especially when trying to determine what is taxable income? You are not alone. This is one of our frequently asked payroll questions.
Knowing what is and what is not 1099’d can be very confusing. Then comes the difficulty of making sure you have all the important information about that vendor on file. Here are some tips to make this upcoming season a success for your small business.