New 1099 Form for 2021

The craziness of 2020 isn’t over, despite the date change on the calendar. There’s a new 1099 form for contractors you paid in 2020. Here’s what you need to know. Any person or company to whom you paid at least $600 for services in 2020 should receive a 1099.  This includes all individuals, partnerships, Limited Liability Companies (LLC), or Limited Partnerships (LP) to whom you paid $600 or more over…  Read more

5 Tax-Cutting Strategies to Implement in Before the Year-End

With just 2 weeks left in 2020, now is the time to act if you want to save on your taxes.  If you’re like most agency owners, you’re not making the best decisions for your business taxes: You’re not optimizing owner pay You’re set up in the wrong entity structure You’re leaving deductions on the floor Or worse, you don’t have a tax plan at all. You’re trusting your CPA…  Read more

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