This video will walk you through the 2020 filing season, so in 2021 new, the 1099 NEC, 1099 Non-Employee Compensation. This form replaced 1099 Miscellaneous, or Misc. So if you have contractors, subcontractors, independent contractors, whatever you want to call them, people who are not employees, not on regular payroll, you're going to need to fill out this form to report what you paid them if it was over $600. So I figured the best thing would be to go ahead and let's walk through it together.
IRS Form 4868 – 2019 Version
Bette Hochberger, CPA, CGMA2020-12-01T00:23:14-05:00Because of the novel Coronavirus, COVID-19, the IRS moved tax deadlines to July. This may create challenges for quarterly payments, since your business results are likely different than in the past.
PPP Info: WTF to do with PPP??
Bette Hochberger, CPA, CGMA2020-12-01T00:29:48-05:00The PPP Program evolved into the largest part of the COVID-19 Stimulus program. While the SBA has continued to tweak rules, this historic video advises on how to implement your PPP Program.
COVID-19 – STIMULUS AND LOAN APPLICATION SUPPORT
Bette Hochberger, CPA, CGMA2020-12-04T00:02:50-05:00CARES Act, the Stimulus Act for the COVID-19 novel Coronavirus, had a lot of moving parts. This was Bette's summary from May 22, 2020.
COVID-19 Stimulus Webinar
Bette Hochberger, CPA, CGMA2020-12-01T02:54:17-05:00Part of the COVID-19 Webinar series, advising on how to maximize your COVID-19 Stimulus benefits.
2020 COVID Stimulus Options
Bette Hochberger, CPA, CGMA2020-12-01T02:55:39-05:00April 3rd CARES Act / COVID-19 Stimulus options. Reviewing the PPP - Paycheck Protection Program, EIDL - Emergency Injury Disaster Loan, and more.
The Difference between Income and Cash
Bette Hochberger, CPA, CGMA2020-12-01T01:30:15-05:00One of the biggest challenges for small business owners is understanding the difference between Income, an Accounting Concept, and Cash, the money that they actually take out of their business. https://www.youtube.com/watch?v=UD5-cYWwa3o One particular thing that I had a discussion about multiple times in the last two months is income versus cash. Now most of my [...]
Form 4868 – Filing an Individual Extension
Bette Hochberger, CPA, CGMA2020-12-01T01:34:47-05:00Tax Extensions are a safe, legal, and reasonable way to get more time to file without paying penalties. You can quickly fill out Form 4868 and get a tax extension. Note, in 2020, because of COVID-19, the deadline was shifted, which had some implications. IRS Form 4868 - 2019 Addition. https://www.youtube.com/watch?v=BSOsxGfHEA0 We're getting close to [...]
How to fill out 1099-Misc Forms
Bette Hochberger, CPA, CGMA2020-12-03T23:29:45-05:001099-Misc forms, the bane of every January. There are many 1099 forms, but the most common business one is the 1099-MISC form. The IRS has really been cracking down on these forms and the reason is because their matching system lets them track who isn't paying taxes if they're being paid under the table. It's [...]