Make your 1099 Reporting EASY with tips from a CPA
ฝัง
- เผยแพร่เมื่อ 30 ก.ย. 2024
- 1099 reporting can be really laborious if you haven't set yourself up for success early on. In this video, Hannah Smolinski, CPA, walks you through a few ways to make your life EASIER when it comes to reporting 1099 labor to the IRS.
Make sure you check out this video on who needs a 1099-NEC: • Who needs a 1099? {109...
In this video we also talk about a bunch of software solutions for 1099 reporting. Those are all listed below!
Don't get hit with penalties for misunderstanding and underpaying your taxes. Save money and stress by getting this right every year!
---------------------------------------------------------------------------------------------------------------------------------------------
💲 Need an accounting system? We use Quickbooks Online with clients and recommend it as the best accounting system for small businesses. Sign up to get a discounted subscription for 12 months! claracfo.com/QBO
🙋♀Got Employees? Need a payroll company that knows what small businesses need? We recommend Gusto as the best small business payroll provider. Sign up for $100 gift card after you run your first payroll: claracfo.com/g...
💸Pay vendors any way they want and get paid faster! Accept credit cards without paying merchant fees! Melio is a fantastic payments solution for every small business! claracfo.com/m...
(As an affiliate or referral partner for these companies, I may earn rewards from qualifying purchases)
Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at claracfo.com/
Disclaimer: This video is intended for educational purposes and
should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience.
Love your videos!!! Keep them coming :)
Thanks for watching! Will do!
Thank you for the useful information. I'm definitely going to be trying out Melio. That sounds like the best option for me. Glad you took the time to make this video. Some of us are actually paying attention.
I am so glad you found it helpful! 😊 Melio is definitely a great option for folks!
I did not know about the credit card loophole to avoid 1099s. The less hoops in the obstacle course the better. Thanks for all of the information. Also, to maybe add some value, I’m sure that payments through a facilitator such as PayPal also relieves you of having to deal with 1099s, which is similar to how selling strictly through a marketplace facilitator like Amazon relieves you of dealing with sales tax.
Why does paying a vendor with a credit card obviate issuing a 1099 to them?
Thanks Clara.. Pls keep sharing .. It helps me a lot..
Will do! Thanks for watching!
Thanks for the video. It is really helpful!!