HR & Payroll

Overview:

This webinar will cover the latest updates businesses need to be aware of with the 1099-NEC and 1099-MISC. This includes changes in the American Rescue Plan relating to Form 1099-K, which in turn affects the 1099-NEC and 1099-MISC. We will also cover topics such as: how (or if) you report payments made to contractors through Venmo. We also cover the basics, in the beginning, such as what is 1099, who gets 1099, what are "medical payments" and what are "legal payments"?

Session Highlight:

·       A look at the 2023 versions of the 1099-NEC and 1099-MISC

·       What is 1099?

·       Who gets the 1099?

·       When do corporations get 1099s? A review of medical payments and legal payments

·       How to file 1099s

·       Form 1099-K: updates and interactions with the 1099-NEC

·       Form W-9 updates and discussion

·       Dealing with reimbursements to contractors

·       Who exactly is a contractor?

Benefits For Attending:

Form 1099 reporting has always been tricky, and changes in 2022 and 2023 continue to increase the reporting burden. Tucked away in the American Rescue Plan was a change to reporting on a form called a 1099-K, which has an interaction with contract labor reported on the 1099-NEC. More and more contractors are taking payment via apps such as Venmo - how are those payments reported? Or are they reported at all? These are among the things you’ll learn in this fast-paced webinar.

Who Should Attend:

·       Business Owners

·       Senior Management

·       CFO & Controllers

·       CPA’s & EA’s

·       Tax Preparers

·       Human Resources professionals

·       Payroll Professionals

·       Compliance professionals

·       Information Reporting Professionals

·       Accountants

·       Bookkeepers

·       Tax Professionals

·       Auditors

·       Office Managers

·       Managers & Supervisors

Ask your question directly from our expert during the Q&A session following the live event.