It is important that you know what information you need before you begin to prepare for ACA reporting. We’ve identified the following 7 key topics that may help you to correctly and timely complete your ACA filing with our Step-by-Step Guide. Continue reading Prepare for ACA Reporting: A Step-by-Step Guide
Preparing Forms 1099-NEC can be difficult, but we are here to help simplify things!
- Determined who must receive a Form 1099-NEC;
- Collected your business taxpayer information;
- Sent for and retrieved your payee information through a completed W-9 form;
- And finalized and collected the payment amounts from your accounting system.
Sounds like you are good and ready to complete and file your 1099-NEC forms.
However, before you press that print or e-file button, take a moment to review your information and forms for accuracy in order to avoid potential penalties or other problems. Continue reading Common Errors for Form 1099-NEC – TY2020
Form 1099-NEC is used specifically to report payments to non-employees. A non-employee is defined as a person or business who is not employed by your company, such as independent contractors, freelancers, or outsourcing companies.