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- Your Annual Reminder to File Worker 1099s
- This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are required to issue each one a Form 1099-NEC after the end of the year to avoid facing the loss of the deduction for their labor and expenses. The 1099s for 2022 must be provided to workers no later than January 31, 2023.
- Tax Consequences of Employee Holiday Gifts
- It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a fair market value so low that it is impractical and unreasonable to account for it, the gift’s value would be treated as a de minimis fringe benefit. As such, it would be tax-free to the employee, and its cost would be tax deductible by the employer.
- 5 QuickBooks Online Tasks You Should Do Before January 1
- It’s probably your busiest month of the year. But there are things you can do to make your return from the holidays less stressful.
- Video Tips: Giving Tuesday Is Coming; Now Is A Good Time to Review Tax Benefits for Charitable Giving
- Watch this video for beneficial tax tips if you are planning to make donations on Giving Tuesday.
- December 2022 Business Due Dates
- Here are the December 2022 Business Due Dates