Haven’t File Your 1099s? Deadline Is This Week!

With January coming to an end, this means tax deadlines are coming close! Speaking of deadlines,  the 1099 forms are due at the end of this month! Not to mention, the IRS created a new form tied to 1099 filing, which is 1099-NEC. Now, you will need to figure out what is the difference between 1099-MISC and 1099-NEC. Do not worry, because we have a video to help you know the difference between the two!

But instead of stressing out, would you like some assistance in filing your 1099s now?

Great News, PPP 2 Is Open! Do You Qualify?

The second round of the PPP is now available to apply. Now is the perfect opportunity to apply for it! Do you qualify for the Second round of PPP? Here is what you need to know:

  • Employers who have no more than 300 employees.

  • Business Owners who previously got the PPP must have used up all of the 1st PPP funds entirely before applying.

  • In at least any quarter in 2020, your gross receipts must be at least 25% less than the same quarter in 2019.

Avoid Underpaying Taxes This Friday Or Expect IRS Troubles!

Don't underpay taxes today!

While many of us are getting busy preparing for making it a great year, we are working hard to prepare you as well with a week into the new year! Most importantly, tax season is right around the corner and Estimated Quarterly Taxes are due this week! If you don’t know how much you owe, you could get in trouble with the IRS, which can be very scary, huh?

Don't Wait Till Last Minute, Do This Before 2020 Ends!

We're already halfway through December and before you know it, the new year will be here! While we are all excited for the new year, you need to get your 1099 Forms prepared early so you can get your W-9 Forms as soon as possible to have an easy start for 2021. 

Year-End Checklist For 2020 and Beyond!

So the year is almost over, but before it is over, now is the perfect opportunity to plan for the next year for your business. Although 2020 has been absolutely unpredictable, 2021 doesn't have to be that way. If 2020 has taught us anything, it is to be ready for the unexpected so your business will continue to thrive even during tough times.