Important Features for the Best Small Business Payroll Software
If you are running a small business, you are constantly evaluating necessity versus excess. That distinction is important when it comes to finding the right payroll software. Knowing which features are essential is the key to finding the right software. Advanced Micro Solutions offers both a reliable and powerful payroll software. Its accounting capabilities make […]
What are the Employer Benefits of 1099 vs W2?
The benefits of 1099 vs w2 is a question that remains slightly confusing, with valid arguments on both sides. It has also become even more relevant in the past year, especially given remote work’s rise. The question remains: Is it more beneficial to input workers in your payroll system or to seek independent contractors? Ultimately, […]
Everything You Need to Know About 1099 OID Refund Fraud
The 1099 OID is an increasingly common form. Also known as the Original Issue Discount, it is used to report income generated from specific forms of interest. This applies to the following cases: For any person for whom an individual withheld and paid any foreign tax on OID If the original issue discount includible in […]
Windows Update Causing Printing Issue
Microsoft has released the following information, which explains what needs to be done in order for the customer to see if their issue is the same as the reported printing issue and possibly fix it, was taken from https://docs.microsoft.com/en-us/windows/release-health/status-windows-10-20H2. Uninstall the Window’s Update KB5000802 The only thing that we have found to work is uninstalling […]
How to Locate and File a 1099 B Form 2018
The 1099-B form, also known as the Proceeds from Broker and Barter Exchange Transactions form, is used to report certain types of payments. Brokers and barter exchanges should distribute forms for each transaction in which they sold stocks, options, forward contracts, regulated futures contracts, foreign currency contracts, securities futures contracts, debt instruments, or commodities for […]
What You Need to Know About the 2020 Nanny Tax Threshold Increase
In 2019, the Social Security Administration announced that the 2020 nanny tax threshold would increase by $100. That increase brings the coverage threshold to $2,200. The federal government requires household employers to pay the nanny tax. This specific tax pertains to people who work in a home setting with a prescribed set of duties determined […]
Make Finding Free Fillable 1099 MISC form 2016 Easier to Find
If you are expected to distribute a free fillable 1099- MISC form 2016 and feel nervous about keeping all the back-filing in order, there is a solution. Back-filing can be made easier with the help of tax software. Advanced Micro Solutions offers tools to help keep tax information, past or current, organized and accessible. […]
What to Know About SSA 1099 2020
If you receive Social Security benefits, the SSA 1099 2020 form should be on your radar for this tax season. We put together this guide to give you the relevant details, like when you should expect to receive the form and what to do if you have not received it. While you do not have […]
When Can You 1099 an Employee?
The answer to, “when can you 1099 an employee,” is a complicated one. The differences between 1099 and W-2 workers aren’t always obvious, and new legislation is changing previous classification. In general, a 1099 worker provides a service for a limited period. A W-2 worker is a formal employee and on the company’s payroll. In […]
The Significance of 2017 MISC 1099 Forms
The Internal Revenue Service is known to update its tax forms. All business owners should pay attention to any updates as tax deadlines approach, or even for future tax seasons. One of the most notable changes is to the Form 1099-MISC. For 2017 misc 1099 forms, there are multiple reasons why you may have filed […]