What Business Owners Need to Know About Sending Out 1099 Tax Forms
Business owners can often feel intimidated by tax forms, and the 1099 form is no exception. Often, business owners are left puzzled by the changes to rules and regulations, so they tend not to bother filing them. As this can lead to significant costly penalties, it poses a serious problem for entrepreneurs. However, things are […]
Why Do Commission and Bonus Checks Get Taxed Higher?
Are you a straight up salary kind of guy or gal or do you get paid by commission checks or bonus checks? Or do you have a base salary and love it when the commission checks roll on it? Perhaps you are salary and get a bonus check every so often. Whatever your case may […]
A Few Words About Check Issuing To a Deceased Person…
Sorry to end this week on such a morbid note, but this is a question we get a lot, so I figured I would provide some insight into how to handle check writing outsourcing to a deceased person. Normally this is a situation when there has been a death in the family and there are […]
How to Avoid Common Payroll Disasters
We understand that managing or running a business is a major responsibility, even if you have waited for years to become the boss. On many days, your desk will be piled high with paperwork and other tasks that need attention. Sometimes, you may be able to adjust your schedule and move some things around, but […]
FAQ: What Is a 1099 Tax Form? Do I need a 1099 Tax Form?
The question might seem simple, but this basic form can sometimes be confused or even overlooked, leading to penalties and even the threat of jail time. Staying organized and keeping up with your 1099 tax forms as a contractor is essential to your business’ well being. When you are a contractor, your lifeblood is carved […]