Peak Advisers encourages you to update your QuickBooks Desktop software. The newly released update includes the highly anticipated 1099-NEC form to file the informational IRS return regarding Nonemployee Compensation paid to Contractors.

This is a new form for 2020. The 1099-Misc is also available as you may need it. If you would like to learn more this link will take you to the IRS webpage.

Please remember that this update needs to be installed on all of your workstations. This is a significant update that will only work for QB Desktop versions 21, 20, 19, and 18.

For those of you who prefer to manage and control updates, you can follow this link to download your specific update.

It’s important to remember to close QuickBooks before starting the update.

Then select your product version. After that, select “Search.”

Next: Get your update download—

After downloading, open or double click the downloaded file.

This is a significant update so your PC and/or server will need to restart after the installation to take effect. 

If you have any difficulties or you wish assistance, Peak Advisers are here for you. Call us at (303) 801-4772 or send us an email info@peakadvisers.com.