Effective for tax year 2020, the IRS has changed guidelines for reporting non-employee compensation on form 1099. The government has brought back form 1099-NEC to report non-employee compensation. If you need to file both the 1099-NEC and the 1099-MISC, you may need to update your chart of accounts in QuickBooks. Please review this post for detailed steps you must complete prior to completing 1099 forms for tax year 2020.
Peak Advisers works with many outstanding organizations to implement systems specifically designed for their needs. We help make their businesses operate more efficiently, saving both time and money. In the case of Esler Companies, they are now able to spend more time analyzing data, and less time obtaining it. (Esler Companies employees photo courtesy Esler Companies)
Eteam’s global CFO, Jagadesan Balakrishnan talks about his business, the time consuming data entry issues they faced and how Peak Advisers created and implemented an automated solution that saves the worldwide company impressive time and money.
