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IRS Announces Form 1099-K Reporting Relief

IRS Announces Form 1099-K Reporting Relief

In the past, individuals and businesses would only receive a 1099-K form under certain circumstances. This includes when there were over 200 transactions or gross payments totaling more than $20,000 received through payment apps or credit card processors.

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How to Improve Your Construction Company’s Profitability

How to Improve Your Construction Company’s Profitability

Improving your construction company’s profitability is vital as profit reflects a company’s stability. Higher levels of profitability encourage continuous growth and sustainable expansion.Improving profitability can be achieved by adopting effective strategies and...

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How Will the SECURE Act 2.0 Impact Individuals?

How Will the SECURE Act 2.0 Impact Individuals?

The SECURE Act 2.0, was signed into law on December 29, 2022. The legislation calls for several changes, including an increase in the RMD age, distributions for federally declared disasters, early distributions for terminal illnesses, and changes to catch-up contribution rules.

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Ways Outsourced Accounting Can Benefit Your Business

Ways Outsourced Accounting Can Benefit Your Business

In recent years, business owners have faced higher expectations regarding financial transparency and government compliance. Many businesses struggle to juggle the day-to-day responsibilities alongside more complicated tasks such as accounting, compliance, finance, and risk management.

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Year-End Payroll Guide

Year-End Payroll Guide

Year-end is the time to finish out one year while planning for the next. As the end of 2021 approaches, we want to remind you of various payroll and Form 1099 related changes, as well as other items to consider when processing your year-end forms.

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