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

Nancy McClelland, LLC

(Law firms and attorneys have so many specialized 1099 issues, they get their own blog post.) (**) There’s a lot of confusion over Venmo and PayPal, because there are personal-use “Friends & Family” versions as well as business versions of both platforms.

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

Nancy McClelland, LLC

(Law firms and attorneys have so many specialized 1099 issues, they get their own blog post.) (**) There’s a lot of confusion over Venmo and PayPal, because there are personal-use “Friends & Family” versions as well as business versions of both platforms.

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How to Set Up Accounting for a New Business: A Full Guide

xendoo

As any established business owner will tell you, you need to treat your business as a separate entity to yourself. This means separating your business and personal finances. In fact, it is a legal requirement of LLCs and corporations to manage their business incomes in separate bank accounts. Canceled checks.

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The Best Online Accounting Software for Small Businesses

xendoo

It ultimately contributes to your small business’s overall health and success because having a clear and accurate picture of your financial records is absolutely key. Xendoo syncs up with partner software platforms Quickbooks and Xero to save time, improve accuracy, and keep your books up to date.