by Tiffany Mellow | May 1, 2024 | 1099's, Bookkeeping, Business Accounting, Business Taxes, Non-Profit Accounting, Non-Profit Taxes
For existing businesses, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024, and imposes a brand-new federal filing requirement on most corporations, limited liability companies, and limited partnerships and on certain other business entities. No...
by Tiffany Mellow | Jan 29, 2018 | 1099's, Business Accounting, Business Taxes
A Form 1099 Misc should be filed for every unincorporated vendor or contractor who you paid $600 or more during the calendar year 2017. The amounts to be reported are for services only. If you paid someone for products and services, only the labor charges are to be...
by Tiffany Mellow | Jan 4, 2017 | 1099's, Business Taxes, W-2's, Your Questions Answered - Business Accounting
QUESTION: Dear Taxman – I have a small business and I am not sure if I should give my workers 1099’s or W-2’s. Can you tell me how to determine which way to go? ANSWER: Dear Reader – It’s not uncommon for small business owners to be...
