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 | Oct 2, 2023 | Running a Business |
If you don’t 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 | Jul 31, 2023 | Running a Business |
I was on a webinar regarding risk and the issue of a cyber insurance policy was given. So, I contacted my agent to see what kind of coverage I had. Apparently, I only have an endorsement that is very limited in scope on my main package that covers data breach...
by Leif Jensen | Jul 24, 2023 | Retirement, Running a Business |
The deadline to have a retirement plan has either passed or coming due shortly for IL businesses. Employer registration deadlines State law now requires every Illinois employer with five or more employees to offer their own retirement program or facilitate Secure...
by Leif Jensen | Jun 19, 2023 | Running a Business |
Franchises were slapped hard by the pandemic; it is expected that franchises will have only a modest 2023. The industry recovered most of its losses from the pandemic in 2021, but growth slowed in 2022, as franchises faced several headwinds, such as inflation and...
