End of Year Considerations
This year could not come to an end any sooner for most and yet there is much to be done before it’s over! Get things filed before the start of Q1 and wrap up those transactions to put a bow on 2020 and send it off.
Business Taxpayers See New IRS Form
For those business taxpayers paying or receiving non-employee compensation (aka contractors), there is now a new IRS form that you must use in your reporting. Payers must report any payment of $600 or more to a payee in the calendar year by completing Form 1099-NEC (Non-employee Compensation).
Bright Light Ahead
It has felt like a trial of sorts over the past 3 months of our lives. A trial to see how well we come together over the hurdle of a microscopic problem. This hurdle in comparison would put Mount Olympus to shame. We were asked to abandon our everyday lives and adapt to a new way of life.
Guiding a Company Through a Crisis
ANY CRISIS results in a financial impact on the business & affects the company’s financial health. Ensure you have pieces in place to mitigate any loss. Contingency planning is crucial.
Do This Before the New Year
Q4 is quickly coming to an end! Review the end-of-year checklist to ensure all proper corporate due diligence obligations are handled
Monitor This
Stay informed on changes that you can capitalize on. Through our monitoring services, information becomes power.