by Leif Jensen | Dec 6, 2023 | Running a Business |
For 2023 employers need to electronically file their 1099’s if they are issuing 10 or more! Most vendor charge a $3 fee per form for submission, but you have to retype in all the information. The final regulations reflect changes made by the Taxpayer First Act (TFA)...
by Leif Jensen | Dec 4, 2023 | Running a Business |
For 2023 employers need to electronically file their W-2’s if they are issuing 10 or more! Most vendor charge a $3 fee per form for submission, but you have to retype in all the information. The information also has to be retyped to send to IL as well. Regulations...
by Leif Jensen | Nov 29, 2023 | Running a Business |
If you did not collect new W-9 from vendor’s regularly, you should start collecting them now. A W-9 has all the relevant information to determine if you need to or not issue a 1099-M or 1099-Nec to your vendor. The IRS requires businesses to report payment of...
by Leif Jensen | Nov 27, 2023 | Taxes |
The IRS has issued Brokers guidance on how to comply with reporting rules on digital assets. A 2021 law requires brokers to report the sales price, tax basis and other information on digital asset trades. The rules were scheduled to first take effect for digital...
by Leif Jensen | Nov 20, 2023 | Rant |
Do you use a budget for your Thanksgiving meal? I know I don’t, I feel I would be afraid to gather all of the costs. I am sure I would be unpleasantly surprised. Each year, I start gathering ingredients early, especially those that are canned and difficult to locate,...
