EP08 | The 1099 Contractor Tax Rules Small Business Owners Need to Know

This episode of "Beyond the Receipts" (Small Business Tax & Finances) is all about a topic that's about to sizzle in a few months, and we're here to provide you with a two-month head start for the sizzle-fest. We're talking about the nitty-gritty of reporting payments to independent contractors or navigating the labyrinth of the 1099-NEC (Nonemployee Compensation) form. You see, many small business owners might not be losing sleep over it right now, mainly because they're in the throes of closing out the year. However, it's time to give you the lowdown, straight from a fellow business owner's perspective, especially if you're a rookie in the entrepreneurial arena. Links: Follow The Tax Minded Bookkeeper on Instagram: https://www.instagram.com/taxmindedbookkeeper/ Follow The Tax Minded Bookkeeper on Facebook: https://www.facebook.com/bbizsolution Check out the website: https://bbizsolution.com/ Tax Resources & Free Downloads: https://bbizsolution.com/resources IRS 1099-NEC Info: https://www.irs.gov/forms-pubs/about-form-1099-nec IRS Form W-8 BEN Info: https://www.irs.gov/forms-pubs/about-form-w-8-ben The Tax Minded Bookkeeper CEO Tax & Bookkeeping Membership: https://bbizsolution.com/membership