When it comes to managing finances, especially around tax season, the concepts of tax write-offs and charitable donations often come with...

When it comes to managing a business, whether or not the owners are on the payroll or if the business needs to have a payroll system can...

Payroll taxes and compliance represent a crucial area for any business, whether it's a small startup or a large corporation....

Facing an audit can be a daunting experience for any business. Whether it's an IRS audit, a financial audit by external auditors, or even...

The Importance of Securing a W-9 Form Before Making Payments Legal Compliance and Accurate Reporting At its core, the W-9 form (Request...

It's crucial to understand the principle of "constructive receipt" as it pertains to the IRS rules. Constructive receipt means that...

Tax season brings with it a lot of forms and one of the key players in this annual ritual for non-employees is the Form 1099-NEC. This...

As tax season rolls around, understanding the intricacies of the 1099 form becomes crucial for many businesses and independent...

a. File a 1099 without a TIN: This is generally not the best option, but it can be done if necessary. The IRS requires the payer to make...