Now is the time to review annual payroll reporting requirements. In this post, we’ll cover 1099 reporting and fringe benefits.
Annual Payroll Reporting Requirements for 1099s and Taxable Fringe Benefits
![](https://www.landmarkcpas.com/wp-content/uploads/2022/12/Payroll-Reporting-Requirements-1024x640.jpg)
Now is the time to review annual payroll reporting requirements. In this post, we’ll cover 1099 reporting and fringe benefits.
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation (Form 1099-NEC), and it’s due soon.
For taxpayers who’ve turned to gig work this year it’s critical to understand the income tax responsibilities for gig workers.
The classification of workers as independent contractors or employees has significant implications — both tax and nontax — for all businesses.
A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and others.