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1099-NEC vs. MISC: How to Prepare for Next Week’s New IRS Deadline

AvidXchange

If your business paid an independent contractor more than $600 this year for services provided to your company in 2020, you’ll need to file a new Internal Revenue Service (IRS) tax form by Feb. For other types of payments your company made in 2020, you can continue to report them on Form 1099-MISC.

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How Straight Through Processing Automates Delivery and Receipt of Payments for a Busy Small Business  

AvidXchange

When apartments turn over at the beginning and end of each school year, we may process more than one hundred checks in a single day, manually entering, reconciling and depositing them for payment,” said Clark. The company’s credit card transactions were equally cumbersome and time consuming, not to mention costly due to high transaction fees.

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Intuit Launches QuickBooks Cash

Cloud Accounting Podcast

Just for the listeners of The Cloud Accounting Podcast, Smansha is offering its fully functional unlimited-companies license for free until August 31, 2020. A federal credit union told the Justice Department that 59 out of 60 SBA deposits it received appeared to be fraudulent. Head over to cloudaccountingpodcast.promo/smansha.

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Wave Makes Waves by Becoming a Bank

Cloud Accounting Podcast

Just for listeners of The Cloud Accounting Podcast, PayPie is offering its fully functional unlimited-companies license for free until August 31, 2020. No account minimums, no monthly fees, free instant payouts, built-in bookkeeping, mobile check deposit. billion in deposits in the Cash App?

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Tax Day is July 15. Still

Cloud Accounting Podcast

Blake Oliver: [00:10:40] I don't think this was listed in the blog post about the reasoning for not moving the deadline, but I did hear some speculation that the big reason managing partners wouldn't wanna move the deadline is that they collect payment from clients when they file returns. This is not unique to you, and I, Blake.

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Employers Responsible for Trump Payroll Tax Deferral

Cloud Accounting Podcast

A2X posts tidy summaries of sales, returns, and fees from Shopify and Amazon directly into QuickBooks, or Xero that will exactly match the deposits that appear in your bank account. We've also got Batch-Create Bank Deposits. Now, you can reduce the time spent entering multiple individual bank deposits.

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No "Mo" PPP Loan Forgiveness for Reality Star

Cloud Accounting Podcast

In response to the impact that COVID-19 has had on your firm and your clients' businesses, the team at BQE has let us know that Cloud Accounting Podcast listeners will now receive three months of BQE Core for free with an annual subscription package purchased on or before May 31, 2020. He rerouted that into his own accounts.

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