Contractor VS Employee Part 1 (Costs)

Many business have looked at the cost of hiring an employee versus a freelance worker and have decided to classify them as a 1099 worker to save money.  Unless the worker actually qualifies under IRS and state guidelines, I don’t recommend you do this.  The IRS...

Important 1099 Information – How To Fill Out Forms

In the last post, I discussed the exceptions to the 1099 rules.  If you missed the post, you can read it here: https://affordablebookkeepingandpayroll.com/?p=982. Today I’m going to explain how to properly fill out the forms required by the IRS.  There is a lot...

Important 1099 Information – Exceptions

In the last post, I shared some basic information on who is subject to report, as well as who is subject to receive form 1099-MISC.  If you missed that post, you can find it at https://affordablebookkeepingandpayroll.com/?p=976. There are exceptions to the rules...

Important 1099 Information – Who Should Receive?

As business owners, we are required to file 1099 forms for vendors we’ve paid if the purchases and those who have been paid fall into certain categories.  These forms are due to the recipient by January 31, and to the IRS by February 28 (if filing paper...

What to Expect for IRS Refunds in 2013

Although I do not prepare income tax returns for clients, I like to share important information regarding tax issues.  Here is one I think you may find quite interesting considering all of the talk of the fiscal cliff we’re headed toward. The IRS is taking...

Happy New Year!

Can you believe it is already December 31st?  I don’t know how it is possible.  Time seems to be going faster and faster for me.  I don’t know if it’s because I have so much I’m involved with that the time just flies, or that I’m older...

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