2021 Tax Forms You May Need
Your tax forms are coming soon. Make sure you receive everything you need for your 2021 return. What tax forms to expect when tax season comes. Your tax documents for the 2021 return should have arrived, or will soon.
W-2 or 1099-NEC: Which Form Should Your SMB Use for Which Workers?
Every business must file annual wage reports. But whether to use a W-2 or 1099-NEC depends on which earners are employees & which are independent contractors.
Your Annual Reminder to File Worker 1099s
This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are required to issue each one a Form 1099-NEC after the end of the year to avoid facing the loss of the deduction for their labor and expenses. The 1099s for 2020 must be provided to workers no later than February 1, 2021. The forms are normally due January 31, but since it falls on a Sunday in 2021, the due date is extended until February 1.