Beware of these tax penalties

Posted Leave a commentPosted in Accounting, Small Business, Taxes

Yesterday my attention was drawn to several small business tax penalty issues. 1099-MISC Several situations came to my attention where small businesses and especially home-based businesses are not aware of their requirement to file form 1099-MISC for payments they made last year. Heed this basic rule: If your business pays $600 to an individual or […]