Where Did Box 7 go?

Where Did Box 7 go?

There’s no time like the present to prepare for the 2020 tax filing season. A great place to start is to become familiar with the new IRS form for reporting non-employee compensation. Beginning with tax year 2020, businesses are to use Form 1099-NEC to report any...
What’s Next

What’s Next

As if being a business owner isn’t hard enough – this year presented a number of usual challenges. However, here we are in late summer and so many small businesses have found ways to keep going and doing so in a (somewhat) profitable way. Way to go!As is often said on...