by dudley | Feb 26, 2026 | Bookkeeping, Taxes
Receiving an incorrect 1099 form can create tax headaches, but knowing the right steps to correct it early helps you void mismatches with your records and potential IRS notices. As the new year begins, you’re going to start getting various tax forms, including...
by Maya Weinreb | Jan 22, 2021 | Bookkeeping
Understanding the difference between an employee and a contractor is essential for proper payroll, tax withholding, and compliance with labor laws. An employee is someone who works for your business, and you pay them payroll and you pay payroll taxes on that money...
by Maya Weinreb | Jan 14, 2021 | Bookkeeping, Taxes
Because 1099s are due by January 31st, businesses should prepare early and verify recipient information to prevent costly IRS penalties. When you are paying an independent contractor (not an employee) and you paid them more than $600 in that calendar year, you are...
by Maya Weinreb | Sep 24, 2020 | Bookkeeping, Contractors
When you are paying an independent contractor (not an employee) and you paid them more than $600 in that calendar year, you are required to issue them a 1099 by Jan 31 of the following year.1099s have various federal and state guidelines. For instance, California has...
Recent Comments