xendoo

JANUARY 31, 2022

The update set a new minimum requirement for filing a Form 1099-K by third party payment apps: business owners who collect payments of $600 or more will now receive Form 1099-K from the payment apps they use, in order to disclose their mobile app earnings to the IRS. . They are available when you need them, all year long. .

Tax 105

Tax bookkeeping tax return business tax 105

xendoo

JANUARY 6, 2022

While the salary is subject to self-employment taxes, the distributions are exempt, which allows S-Corps to avoid double taxation. . It is always best to speak to a small business tax accountant. They will get to know your business, and determine if S-Corp Election is right for you. . April 18, 2022.

Tax 59

Tax bookkeeping income tax business tax 59

xendoo

DECEMBER 6, 2021

The end of the year is a bustling time for small business owners. Between skyrocketing holiday sales, extended hours, and juggling multiple duties, it can be difficult to find a moment to stop and think about preparing for 2022. . What steps can be taken to effectively prepare your business for the new year? .

bookkeeping 98

bookkeeping financial statements tax preparation online accounting 98