This is the last weekend to process and mail those 1099s. We discuss some of the changes in the reporting requirements and the increased penalty for each 1099 you do not file. What is a 1099K and how will that affect you? If you paid by credit card, debit card or a service such as PayPal you will need to exclude those amounts from the 1099-Misc forms as they will be reported on the 1099K.
We partner with entrepreneur by going beyond bookkeepers to provide cash flow strategy to help them find the money in their business. Our mission is to provide an effective means for cash flow improvement. Remember: Knowledge and Power around your Cash Flow are the Keys to your Dreams of Success, Freedom and Peace of Mind. Take Action Today for Success in your Future! If you would like more information about our topic today or to schedule a Cash Flow Consultation go to www.CashFlowStrategist.com or www.TheVirtualBookkeepers.com.
Have a great week!