Remove blog accounting is-my-business-tax-exempt
article thumbnail

Accounting Tips for Start up Freelancers

Cheap Accounting

The one downside is dealing with the bureaucracy and regulation that running a business brings. Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. As soon as you start to trade or operate your business you’ll need to register with HMRC.

article thumbnail

Payroll trends to watch in 2022 (Part 2)

ThomsonReuters

In part 1 of my blogpost on 2022 payroll trends , I was recalling a recent weekend getaway from Hoboken, New Jersey to Miami Beach, Florida and how prevalent payroll is in our day-to-day lives. After checking into my hotel, I went for a walk to get a bite to eat. On the way, I saw a few businesses that had closed.

payroll 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Illinois Secure Choice Retirement Means for Your Small Business or Non-Profit

Nancy McClelland, LLC

There have been rumblings in the news for quite some time now about small businesses being required to provide retirement plans for their employees — but most owners seem to be turning a deaf ear, presuming that their small size exempts them from the requirement. Why Is Illinois Making Small Business Owners Do This?

article thumbnail

What Illinois Secure Choice Retirement Means for Your Small Business or Non-Profit

Nancy McClelland, LLC

There have been rumblings in the news for quite some time now about small businesses being required to provide retirement plans for their employees — but most owners seem to be turning a deaf ear, presuming that their small size exempts them from the requirement. Why Is Illinois Making Small Business Owners Do This?

article thumbnail

Rules for When To Issue a 1099 Form to a Vendor – Updated for 2023

Nancy McClelland, LLC

The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099. – The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns. Here’s a crash course for each type of form, followed by an FAQ.

article thumbnail

Rules for When To Issue a 1099 Form to a Vendor – Updated for 2023

Nancy McClelland, LLC

The most important point is that only businesses need to issue 1099s — if you paid someone for personal purposes, you are not (yet) required to send them or the IRS a Form 1099. – The IRS launched IRIS, a new free online portal , for businesses to file 1099 returns. Here’s a crash course for each type of form, followed by an FAQ.

article thumbnail

Year-End Reminders For Chicago Small Business Owners

Nancy McClelland, LLC

Chicago businesses should take a moment to review upcoming changes before year-end. It applies to any business or individual that employs at least one “employee” and has a facility within Chicago’s city limits (though Cook County followed suit a few months later and has a similar requirement). for employers with 21 or more workers.