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Make Your Bookkeeping More Efficient
I hate to sound like an attorney and respond, “it depends”, so I’m going to give that same answer in a much longer way.
Links to My Facebook Live Videos
The New Tax Reform Act's Impact on the Self-Employed
New IRS Mileage Reimbursement Rates for 2018
The 2018 mileage reimbursement rates have gone up by 1 cent to 54.5 cents per businesses mile for 2018. For the federal per diem rates for travel around the US, check out their website: https://www.gsa.gov/travel/plan-book/per-diem-rates/per-diem-rates-lookup.
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...
