Year End 1099 Preparation & Reporting
Meet the annual 1099 submission deadline.
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The Business Start-up's Guide to Bookkeeping
Tips to Get You Started In the Right Direction
Whether you're a business start-up, or an established business, you'll find these tried and true bookkeeping basics important to tuning up your business accounting and setting your bookkeeping on a sound and sustainable foundation.
Complete the form below, begin your business bookkeeping tune-up immediately!
Feature Article:
Getting Your Accounting Files Ready for Tax Time
For some small business owners there is nothing more difficult than getting your accounting files ready for tax time. Here are some tips to make the process easier! Learn more...
Free Consultation:
30min 5-point Analysis of Your Current Business Bookkeeping
Do you know the strengths and weaknesses of your current business bookkeeping practices? You will come out of this consultation with at least 3 valuable ideas for tuning up your bookkeeping.
Call Now: (203) 980-8699
Email: kmpepe@compacct.com
Does your business enlist the services of 1099 contractors?
If you're business engages the services of an independent contractor, then you are required to furnish that contractor with a Form 1099.
Form 1099 reports monies paid to the independent contractor throughout the calendar year to the IRS. Proper setup of your independent contract vendors in will enable you to print your 1099's right from Quickbooks - an incredible timesaver, especially if you have a lot of 1099 recipients.
Meet the annual 1099 submission deadline.
Form 1099 MUST be furnished to the recipients no later than January 31st following the end of the previous calendar year and reported to the IRS no later than February 28th. Our service provides the preparation, mailing and reporting of 1099's.
Should your re-classify your 1009 contractor as an employee?
Do you know if the independent contractor you are paying is really classified by the IRS as an 'employee'? If not, then take a look at this IRS Tax Tip on Independent Contractors vs. Employees. I can't begin to tell you the number of businesses who are paying services to individuals who think they are independent contractors, when really they are classified by the IRS as employees. If you are ever audited and it is determined that the independent contractor you've been paying all along are really 'employees', the back payroll taxes, penalties and interest levied upon you can be devestating.
Cost-effective Payroll Systems for Employees
If it is determined that any of your 1099 contractors are 'employees', we will set you up with a cost effective payroll system.
