Why You Should Find A CPA After Forming An LLC

Why You Should Find A CPA After Forming An LLC

After forming your LLC (limited liability company), you need to hire a CPA (certified public accountant). Hiring an accountant for a new business is a necessity, especially if this is your first business. Having a certified accountant on board will ensure all taxes and finances are taken care of properly. Employing an accountant frees up…

What is the 1099-NEC Used and Filed With My Personal Tax Return?

What is the 1099-NEC Used and Filed With My Personal Tax Return?

One of the most significant updates that taxpayers of 2020 received was the reintroduction of the 1099-NEC form. Whether you are a payee or taxpayer, knowing what 1099-NEC is essential for you. This becomes important, especially for businesses who hire freelancers, independent contractors, and self-employed people. 1099-NEC form is used by non-employees, meaning independent contractors…