A 1099-MISC form is used to file information on compensation paid to various individuals and entities in the previous calendar year. This form is NOT to be used for wages and salaries paid to employees. Due Dates:1099s are to be mailed to your vendors and sub-contractors, post-marked by January 31st each year. The IRS portion of the 1099-MISC must [...]
“I HATE ACCOUNTING ! ” Not many business owners tell me how much they ‘love’ accounting. In fact, it’s usually quite the opposite. People who own a business typically are in love with their trade and often loath the numbers part of running the business. The hard truth is, you simply can’t minimize the importance [...]
With the new tax year under way and the 2010 tax returns due just around the corner, it is a great time for contractors of all types to take a closer look at their business practices where independent contractors, payroll and other day-to-day operations are concerned. Doing so can protect your company in the event of a tax [...]
