Posts Tagged ‘1099’
Do Non-US Residents Need to Receive 1099s? How to File 1099s For Non-US Resident Contractors (And Why It’s a Must)
Updated in 2024. Form 1099 confuses a LOT of business owners. Who gets them, who doesn’t, who has to file them, and what happens if you don’t. Basically, independent contractors receive 1099s. This means people who earn non-payroll wages on services rendered (non-employees). Where it gets even more confusing is knowing how to file 1099s…
Read MorePractical Strategies To Reduce Tax Liability (That You Can Implement NOW)
Updated in 2022 Is it too soon to start talking about next year’s taxes? I know, You’re probably busy enough getting through THIS tax season right now, never mind what your tax bill might look like this time next year. Why should you think about how to reduce your tax liability for next year? But the…
Read MoreHow To Lower Your Tax Bill (Without Slashing Your Cash Flow)
Updated for 2022 In my first few years in business, I turned a good size profit. That was the good news. Unfortunately, there was a catch to the early success that I had. I didn’t realize that with a good size profit there is often a good size tax bill. A tax bill, it turns…
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