Nancy McClelland, LLC

DECEMBER 26, 2023

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to change, and the rules have become more specific… but the basics remain the same. NEC” stands for “non-employee compensation”.

bookkeeping 52

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Nancy McClelland, LLC

DECEMBER 26, 2023

As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to change, and the rules have become more specific… but the basics remain the same. NEC” stands for “non-employee compensation”.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Nancy McClelland, LLC

APRIL 11, 2023

What does filing an “extension” do? • An extension is a form filed with the IRS to request additional time to file your federal tax return. Schedules K-1, corrected Forms 1099, etc.) Am I more likely to be audited if I extend? What does this mean? My note: In others, you must file a state extension.

Tax 98

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ThomsonReuters

APRIL 18, 2023

For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. In fact, a 2022  “ Future of Payroll” survey by Ceridian found that 85 percent of respondents have problems with their payroll technologies and 69 percent said they have payroll data issues. What are common payroll errors?

payroll 107

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ThomsonReuters

APRIL 23, 2021

Whether you’re looking to branch out and start your own firm, or you’re a current small firm owner, the idea of continuing to evolve and design your tax and accounting firm is a constant in your mind. In this next chapter of Small Talk with Heather Walker , I am once again joined by Paul Miller, Founder and Owner of Business by Design.

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LyfeAccounting

NOVEMBER 2, 2020

In other words, we’re going to debate a 1099 vs W2 and which one may be best for your business. Now I know a lot of guys out there, especially when you’re in the early stages of starting up, are wondering how to bring on their first employees. So i just want to take a moment to congratulate you. Things get real.

payroll tax 52

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LyfeAccounting

JANUARY 25, 2021

And it could be extremely stressful if you don’t know what you’re doing. Determining how much to pay your employees. I’ve been through it all, from trying to figure out how to do payroll for my very first employee, to figuring out how much I should pay my employees. I’ve lost employees.

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