Tag: small business administration

Newest 1099-Okay reporting guidelines difficult small enterprise taxes

Senang
(iStock) Tax season is getting extra difficult for the smallest companies, Inc. experiences. The minimal reporting threshold for peer-to-peer fee platform transactions has decreased from $20,000 (or 200 transactions) to simply $600 due to a provision within the American Rescue Plan Act of 2021. That implies that companies that use platforms like Venmo, Money App, PayPal, and even storefronts like Etsy and eBay can count on to obtain 1099-Okay kinds for the 2022 tax yr. To be clear, companies have at all times been obligated to report their revenue to the IRS—however this new regulation could open up extra companies…Continue Reading

Turn out to be a Higher Small Enterprise Chief With These 3 Easy Steps

Senang
Opinions expressed by Entrepreneur contributors are their very own. One of many largest challenges that small enterprise homeowners face can be the one largest factor that may guarantee their success: management. No matter business, the vast majority of small enterprise homeowners I work with have comparable backstories: They’re good at what they do, they hated their job/boss, and so they really feel that they will do higher on their very own. Typically, they’re proper. But, when that very same small enterprise proprietor desires to scale and attain new ranges of success (as a result of everyone knows that there’s a…Continue Reading