Does Your Business Need to File Forms 1099-NEC or 1099-MISC?
Business, Tax TipsArticle Highlights:
1099-NEC Filing Requirements
Independent Contractor Filing Threshold
Form W-9
Form 1099-MISC
If you use independent contractors to perform services for your business, for each one that you pay $600 or more…
Businesses Have 60 Days to Notify the IRS of Changes in Contact Information and Responsible Party
BusinessArticle Highlights
Employer Identification Numbers (EINs)
Contact Information
Update Responsibilities
ID Theft and Fraud Issues
Responsible Party
Filing Tips
Updating Individual Contact Information
Blog: The Internal…
Customers Paying Late? How to Create Statements
Business, Small BusinessThere are many ways to encourage delinquent customers to pay. QuickBooks Online’s statements may be effective for you.
After the year-plus you’ve just experienced, the last thing your small business needs is customers who are behind on…
June 2021 Individual Due Dates
Business, Tax PlanningJune 1 - Final Due Date for IRA Trustees to Issue Form 5498
Final due date for IRA trustees to issue Form 5498, providing IRA owners with the fair market value (FMV) of their IRA accounts as of December 31, 2020. The FMV of an IRA on the last…
7 Different Types of Income Streams for Your Business
Business, Business Development, Small Business7 Different Types of Income Streams for Your Business
No matter what type of business you operate, you rely on having a predictable flow of income to keep your bills paid. If you only have a single source of income and it suddenly falters,…
How to Evaluate Your Business Idea Before Diving In
Business, Business Development, Entrepeneurship, Small Business, StartupThey say that everybody has at least one good novel in them, and many people feel the same way about ideas for a successful business. If you are considering diving into the world of entrepreneurship, it’s a good idea to pause for a moment,…
Loan Application Period for the Paycheck Protection Program Extended
Business, COVID-19, Paycheck Protection ProgramArticle Highlights:
Loan Application Period Extended
Paycheck Protection Program
Qualifying Expenses
Loan Forgiveness
If you missed the opportunity to apply for a Paycheck Protection Program (PPP) loan before the program…
The July 15th Deadline Is Fast Approaching, and it Isn’t Just for the 2019 Individual Tax Return
2020 Tax Laws, Business, COVID-19The July 15th Deadline Is Fast Approaching, and it Isn’t Just for the 2019 Individual Tax Return
Article Highlights:
Extensions
Contributions to IRAs
Estimated Tax Payments for the First Two Quarters of 2020
Individual…
3 Ways to Receive Payments in QuickBooks Online
Accounting, Business, Payments Recording customer payments is one of your more pleasant accounting tasks. Depending on the situation, you can choose from multiple ways to do this using QuickBooks Online.
If you made New Year’s resolutions this last January, you’ve…
Paycheck Protection Program and Health Care Enhancement Act: What’s In It?
2020 Stimulus Package, Business, CARES Act 2020PPP & The CARES Act
Following the passage of the $2.2 trillion CARES Act stimulus package at the end of March, one of the most talked about provisions was the Paycheck Protection Program (PPP). The CARES Act had earmarked $349 billion…