With the holidays fast approaching no one really wants to think about taxes just yet, but businesses and business owners are always aware of the tax implications of what they do and who they hire. Businesses and business owners also try to stay abreast of the all of the annual changes to the ever growing tax code.
One of the new and most contentious forms for businesses is the 1099K. If not filled out correctly it can create a myriad of issues, but filling it out correctly can in and of itself be a mystifying process. What is a business to do?
Check out the wonderful infographic at outright.com. They have de-mystified the 1099K and they provide many essential bookkeeping services for business. You can also take a look at the infographic here: