Taxpayers may not like receiving IRS Forms 1099. Businesses may not like sending them out. In fact, perhaps no one likes IRS Forms 1099 except the IRS. The tax agency loves them because they easily allow the matching of data against tax returns. Here are key facts you need to know about IRS Forms 1099. Generally, businesses must issue the…
With the arrival of tax reporting season, many small businesses that offer health insurance to employees must file documents detailing the coverage with the IRS, and must also give copies to their staffers. A look at the requirements: Companies with 50 or more staffers are required to offer insurance to staffers and their dependents. They…
NEW YORK (AP) — Each year, business owners can count on changes in tax law and other rules. For 2017, small businesses are getting a bigger deduction for equipment purchases, and those that aren’t required to provide health insurance will have an option to help staffers pay for coverage. Many companies have new filing deadlines…
