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2019 Mileage Rates for Business and Nonprofit Work
2019 mileage rates have been issued from the IRS with a 3.5 cent increase for business travel.
The New Tax Reform Act's Impact on the Self-Employed
Did you know that 43 percent of the U.S workforce will do some form of freelancing by 2020? Are you one of these Uber drivers, multi-level marketing distributors, online sellers, or freelancers? The Tax Cuts and Jobs Act (TCJA) has provisions favorable to the self-employed, but many in the gig economy may not qualify if they aren't careful.
Free 1099 Forms from the IRS-Independent Contractors
You can receive free 1099-MISC forms from the IRS to send to your independent contractors. If you paid an individual who was not an employee more that $600 in 2017, you may need to file the 1099-MISC forms and the transmittal Form 1096 to the IRS by the end of January 2019. For detailed information on who is an independent contractor, check out Church Accounting-The How-To Guide for Small & Growing Churches. The forms received from the IRS are the manual type with several layers. If you have more than a dozen to send, you may prefer the computer type...
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