New from the IRS: Form 1099-NEC By: Cheryl Lanese The IRS has officially unveiled the new 1099-NEC form. Beginning with tax year 2020, filers must use Form 1099-NEC to report any non-employee compensation. This form replaces form 1099-MISC Box […]
Good records are the key to tax deductions and trouble-free IRS audits By: Cheryl Lanese If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses. In particular, you should carefully […]