As careful as your finance team is when filing 1099s, even tiny errors can lead to costly penalties from IRS and time-consuming corrections.
Once year-end responsibilities die down, your A/P department can finally focus on its agenda for the rest of the year.
Good news for your finance team: The Service’s new online platform for filing 1099s is coming along nicely.
The hectic 1099 season is fast approaching, and filing deadlines will be here before your finance team knows it.
In today’s dispersed and remote world, credit cards are an efficient payment method for business purchases. But not every employee needs a corporate card, meaning many use their own personal credit cards.
Get ready to have a serious case of deja vu! The FY 2021 per diems look a lot like FY 2020’s rates. In fact, the standard CONUS rate will hold steady for the year beginning October 1. That number: $151, broken out as $96 for lodging and $55 for meals and incidental (M&IE) expenses. There’s […]
Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timely tech topic. Of course, as with anything with the Taxman, there are conditions. Here’s how to reimburse for home […]
Right now, as many companies deal with remote work and resulting process changes, the clarity of your A/P policies becomes even more important.
Your master vendor file can help simultaneously boost compliance, monetary savings, payment accuracy and business relationships.