How do I correct a 1099 that has already been accepted by the IRS through Quickbooks? I submitted a 1099 for a contractor and he alerted me that it was missing a payment. I need to add that payment, but do not know how to correct a submitted 1099. QuickBooks O...
Wondering how to hire the best employees who go the distance? A well-designed hiring process does more than just help you find qualified candidates — it sets the stage for long-term success by improvingemployee retentionfrom the get-go. ...
In tax year 2020, the IRS reintroduced Form 1099-NEC for reporting independent contractor income, otherwise known as nonemployee compensation. If you’re self-employed, income you receive during the year might be reported on the 1099-NEC, but Form 1099-M
With an index on EmployeeID, you should be able to get the rows you need for your result set fairly quickly. It's the sequence number thing that's dragging us down. Longtime subscribers know that I'm not a huge fan of temp tables, but let me clarify my position: I only don'...
I have an employee on a TN Visa. She is waiting for her SSN (applied for it last week). I'm about to process payroll and will need to pay her. I'm unable to add her as an employee since she doesn't have an SSN yet. Our lawyers said tha...
Bestselling author Gretchen Rubin has provided one framework called "The Four Tendencies" that proves helpful for professional audiences, especially when introducing change and new information. As OKR Champions do both, this is a particularly powerful framework to know....
A cash advance to an employee is usually a temporary loan by a company to an employee. In other words, the company is the lender and the employee is the borrower. The cash advance needs to be reported as a reduction in the company’s Cash account and an increase in an asset account ...
Form W-2, which you receive from your employer (if you are an employee). This reports your income and the taxes already paid by your employer on your behalf Form 1099-NEC(non-employee compensation), which you should receive if you earned more than $600 working for a non-employer entity...
An independent contractor is aself-employed personor entity contracted to perform work for—or provide services to—another entity as a non-employee. Independent contractors must pay their ownSocial SecurityandMedicaretaxes. In addition, an entity that uses the services of an independent contractor is...
If your expenses are less than your income, then your budget is balanced. (At least for now. If you encounter a major expense, that might change.) If your expenses are more than your income, on the other hand, you'll need to do one of two things: raise your income (delay retirement...