Day: September 24, 2020

The new IRS Form 1099-NEC (non-employee compensation) will be used strictly for reporting 2020 independent contractor payments of $600 or more in the course of your trade or business. You will still be required to use the 1099-MISC…

What you need to know or what we don’t know?  The President’s Executive Order came out on August 8, 2020 with the following: Employee only paycheck of social security 6.2% tax can be deferred between 9/1/2020 and 12/31/2020.…