Big news for business owners: The IRS raised 1099 reporting thresholds, making end-of-year paperwork way simpler! You’ll now only need to file a 1099-NEC or MISC for contractors when payments reach $2,000: up from the old $600 minimum. Less paperwork means more time for your business, and fewer headaches come tax season. But don’t wait to get updated! Rules around payment processors and state requirements can still trip up busy entrepreneurs.
MD ADVISORY LLC uses cloud-based tax software and expert guidance to help clients keep track and avoid costly mistakes. We’ll review your process and get you compliant, so you don’t miss a beat. Curious how these changes affect you? Book a free consult with us here: https://calendar.app.google/5TRWbQTzNtmajoiFA. Try our cloud tax software: https://pro.taax.app/Image/maria%20d35410/img1. #mdbizllc
