When it comes to tax compliance, businesses often wish for a predictable, static set of rules to make planning easier. However, IRS regulations are dynamic and complex, requiring businesses to…[...]
For the 2024 tax year, the IRS requires businesses to use Form 1099-NEC to report nonemployee compensation. Previously, businesses used Box 7 of Form 1099-MISC for this purpose. Both forms may be needed,…[...]
Hiring independent contractors can be a smart move as part of your growth strategy. Independent contractors often represent some of the best talent in today’s economy, offering expertise in areas…[...]
Before 2020, if your business hired contracted workers or freelancers then you issued 1099-MISC Forms Online. Now Form 1099-NEC Filing can be done for reporting independent contractor income, what is…[...]
As the year's end draws near, many tax payable departments are gearing up to complete their annual Form 1099 filings. For 2021, a new form, Form 1099-NEC Online, will be…[...]
Whew…2021 is behind us and there is no denying the fact that it affected all strata of society. As we look forward to 2022 with hope and optimism, it is…[...]
As part of your growth strategy, you may have decided to hire independent contractors to be included in your business solution. Good idea – some of the best talent in…[...]
Affordable Care Act(ACA) Form 1095-B includes the type of coverage the individual has, dependents covered, and the period of the coverage. IRS Form 1095-B Online is used to verify on…[...]
