Update QuickBooks desktop software now for tax form 1099-NEC

Update QuickBooks desktop software now for tax form 1099-NEC

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.

Action required for tax form 1099 filers

Action required for tax form 1099 filers

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 Intuit to get your business paid faster and reduce costs

Peak Advisers works with Intuit to get your business paid faster and reduce costs

One of the great things about being a QuickBooks Solution Provider is that Peak Advisers is always in contact with Intuit and the people at the top who know the most about making QuickBooks products work in the best and most cost effective ways for your business.

Ecommerce presence mandatory now as online sales grow rapidly

Ecommerce presence mandatory now as online sales grow rapidly

U.S. consumers who were under stay-at-home orders because of the pandemic shopped heavily online during the 2nd quarter of 2020. The numbers are impressive, making it more important for businesses selling products and services to have an ecommerce presence.

QuickBooks tip: How to clear QuickBooks customer "recon" payments

QuickBooks tip: How to clear QuickBooks customer "recon" payments

From time to time downloads from Intuit Merchant Services are duplicated. The QuickBooks Customer transaction cannot be deleted. But you can eliminate the transaction.

See what's new in QuickBooks 2021

See what's new in QuickBooks 2021

QuickBooks 2021 is here. QuickBooks Desktop 2021 brings both new and improved features to help you get paid faster, while making the data your employees see more effective for their role in your company.

Cloud hosting: Quality of systems, customer service critical for remote work

Organizations small and large are turning to tools that allow them to work remotely more easily quicker than ever. But they must have certain requirements from their cloud hosting provider to make remote work properly. It’s something that’s necessary for any company to look at in these changing times that COVID-19 has brought to us.