Changes to Forms 1099
The most significant change to Form 1099 in 2020 is the breakout of NEC from Box 7 of Form 1099-MISC to its own Form 1099-NEC. NEC still includes payments of …
2020 Tax-Planning Checklist
It’s never too early to start organizing information for your tax return. However, fall is a great time to really focus on this effort. One thing we recommend is to …
Does your workforce live and work in separate states?
Now is the time to prepare for how COVID-19 could impact your state tax payments come tax-return time. The tax nexus is based on where employees physically perform services (though …
Important Updates
May 2021 May 20: IRS begins correcting tax returns for unemployment compensation income exclusion May 17: Monthly Child Care Tax Credits Begin Mar. 2021 March 25: Paycheck Protection Program (PPP) …
Tax Extension FAQs
I’ve heard people talk about getting a tax extension, but I’m unsure why. What are the benefits? And, will I be audited if I do extend? Here are the frequently …