As we celebrate Small Business Month in May, it’s the perfect time to recognize the immense contributions that small businesses make to our nation’s economy and communities. Small businesses represent the entrepreneurial spirit that has long defined the American dream, from neighborhood coffee shops to home-based businesses. This is a time to shine a light […]
Celebrating Small Businesses Read More »
This week, the IRS announced they are delaying implementation of a rule change that would have required more 1099-Ks to be issued to small businesses, gig workers and those with side hustles earning $600 or more. This is big news for all tax filers who receive business income for their goods and services via payment
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A big announcement was released 12/23/2022. The IRS delays the new 1099-K reporting requirements previously announced for all Venmo, PayPal, Stripe, and other cash app payment sites. This rule applied to any transactions, including part-time work, side hustles and anyone selling goods. Earlier in 2022 it was announced that transactions made through cash app payment sites over
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Last call! Taxes must be filed by Monday April, 2022 in the US! If you are one of the 15 million Americans who’ve yet to file taxes, here is some information for you from a Fast Company article posted 4-15-22. DO I NEED TO FILE AN EXTENSION BY MONDAY? If you’re not ready to file
Last Call – Taxes! Read More »
Heads up! If you missed it, there is a new 1099 IRS Rule for PayPal, Venmo and CashApp transactions starting in tax year 2022. This rule impacts small businesses and self-employed people. Reading an article covering this information in Entrepreneur.com this week, I was reminded how important it is to stay alert and start documenting
New 1099 IRS Rule for PayPal and Venmo Transactions Read More »
