As we close out the year, it is a great time for some small business housekeeping tasks to make sure you are ready to close out the year and also start next year strong! Read on to dive into each of the checklist steps.  Your Small Business Year End Checklist: 1.       Reconcile All Accounts  The #1 …

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2021 is kicking off with some changes to the “Non-Employee Compensation” (NEC) 1099 forms. For the calendar year 2020, the requirements for reporting all NEC will include a new form, the 1099-NEC. The 1099-NEC form was created to separate the 1099-MISC, Box 7 forms. Businesses will need to be prepared to use the new form …

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