IRS Introduces Form 1099-NEC for Nonemployee Compensation
Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation, to report any payment of $600 or more to a payee.
Author: Andrew Litchford
Posts by Andrew Litchford
Landmark CPAs Manager Chase Haynes Selected for Prestigious National Leadership Academy
Chase D. Haynes, CPA, CFE, was one of only 30 CPAs honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy’s 12th graduating class.
How the SECURE Act Could Affect Retirement Planning
The Setting Every Community Up for Retirement Enhancement (SECURE) Act will make it easier to save money for a financially secure retirement.
What is the Trust Fund Recovery Penalty? Am I at Risk?
If you own or manage a business with employees, you may be at risk for a severe tax penalty called the “Trust Fund Recovery Penalty.”
Landmark CPAs Names New Members and Directors
Landmark CPAs is pleased to announce the promotion of Michael Pierce, Nathan Poston and Greg Walker to members, effective July 1, 2020.
Cash Flow Series: 8 Tips to Improve Cash Flow
Below are eight tips that business owners can use to improve cash flow, even when there is a cash crunch.
Four CARES Act Tax Relief Provisions for Business Owners
The Coronavirus Aid, Relief and Economic Security (CARES) Act, which passed earlier in 2020, includes some retroactive tax relief for business taxpayers.
Cash Flow Series: Three Common Cash Flow Mistakes Small Business Owners Make
Managing cash flow requires business owners to observe not just cash balances on hand, but the flow of cash. Here are some common missteps.
Cash Flow Series: Cash Flow Best Practices
Business disruptions and market downturns are likely to influence your short-term cash strategies, but they should not change cash flow best practices.
Recordkeeping is Key for Tax Deductions
If you operate a small business, or you’re starting a new one, you probably know how important recordkeeping is.