ThomsonReuters

MARCH 5, 2024

For federal income tax withholding, the TCJA adjusted the tax brackets, the supplemental and backup withholding rates, and the use of allowances on an employee withholding certificate. However, preparation could prove to be a more difficult task since Congress is examining certain provisions of the TCJA for continuation.

Tax 98

Tax payroll Expense Reimbursements Gaming 98

Nancy McClelland, LLC

DECEMBER 26, 2023

WHAT’S NEW (or isn’t) FOR 2023: – Beginning in 2022, the 1099-NEC was made so that it’s no longer year-specific; there are no changes to the form for 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.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52

Nancy McClelland, LLC

DECEMBER 26, 2023

WHAT’S NEW (or isn’t) FOR 2023: – Beginning in 2022, the 1099-NEC was made so that it’s no longer year-specific; there are no changes to the form for 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.

bookkeeping 52

bookkeeping tax return Non-Profits Tax 52