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1099-NEC vs. MISC: How to Prepare for Next Week’s New IRS Deadline

AvidXchange

For a deep dive into this year’s 1099 forms, check out our recent webinar below: Form 1099-NEC vs. Form 1099-MISC: What’s the difference? Pay independent contractors with credit cards As you prepare this 1099-NEC form, remember that you only need to report payments made by checks, cash and direct deposits. Still have questions?

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Tax Deadline Extended, IRS Yet to Confirm

Cloud Accounting Podcast

Million of Stock After Reassuring Public About Coronavirus Preparedness 26:38 - Some webinars re: Food Service and Accounting During This Crisis Five Crisis Numbers for Food & Bev - YouTube Now What? I went to two webinars this week that are really focused on restaurants who are struggling with cash flow, obviously.

Tax 40
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Intuit Launches QuickBooks Cash

Cloud Accounting Podcast

A federal credit union told the Justice Department that 59 out of 60 SBA deposits it received appeared to be fraudulent. David Leary: [00:20:22] Because it's Intuit's account, you connect your merchant service to it; do instant deposits. You can get instant deposits to that account free of charge. They have a cashflow planner.

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Tax Day is July 15. Still

Cloud Accounting Podcast

So, if they don't file the returns, if the deadline doesn't stick, and it gets extended again, then clients aren't gonna turn in their paperwork, and the firm is not gonna be able to collect the cash. Did you know you could be using Synder to automatically do this for you? Head over to cloudaccountingpodcast.promo/smansha.

Tax 40
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PPP loans over $150,000 to be made public

Cloud Accounting Podcast

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. Because the IRS isn't coming after them.

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Employers Responsible for Trump Payroll Tax Deferral

Cloud Accounting Podcast

A2X posts tidy summaries of sales, returns, and fees from Shopify and Amazon directly into QuickBooks, or Xero that will exactly match the deposits that appear in your bank account. We've also got Batch-Create Bank Deposits. Now, you can reduce the time spent entering multiple individual bank deposits.

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Is the U.S. Tax Code Racist?

Cloud Accounting Podcast

The Liscio app allows you and your clients to communicate via built-in real-time messaging, share files, collect e-signatures on documents, digitally capture images, and track any tasks that your team or the client needs to complete so nothing ever gets lost in the shuffle. At least 1,020 duplicate deposits were issued for PPP.

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