by Sarah Boehle Pool | Jul 27, 2020 | Latest News
Businesses: Get ready for the new Form 1099-NEC There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation. Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation, to report any payment of $600 or...
by Sarah Boehle Pool | Jul 23, 2020 | Latest News
6 key IT questions to ask in the new normal The sudden shutdown of the economy in March because of the COVID-19 pandemic forced many businesses to rely more heavily on technology. Some companies fared better than others. Many businesses that had been taking an...
by Sarah Boehle Pool | Jul 22, 2020 | Latest News
After you file your tax return: 3 issues to consider The tax filing deadline for 2019 tax returns was extended until July 15 this year, due to the COVID-19 pandemic. After your 2019 tax return has been successfully filed with the IRS, there may still be some issues to...
by Sarah Boehle Pool | Jul 20, 2020 | Latest News
Steer clear of the Trust Fund Recovery Penalty If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty” because it applies to the Social Security and income taxes required to be withheld...
by Sarah Boehle Pool | Jul 7, 2020 | Latest News
Launching a business? How to treat start-up expenses on your tax return While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses are being...
