If you pay $600 or more to an independent contractor in a year or $10 in royalties to an individual, the Internal Revenue Service (IRS) requires that you send a MISC-1099 form. The form must be postmarked by January 31 to cover any miscellaneous income or royalties from the previous calendar year. Businesses typically issue MISC-1099 statements to individuals and sometimes partnerships. Other Situations that Require IRS Form 1099 Reporting In addition to royalties and money paid to independent contractors,…
Jefferson City’s Business Advisors
We’re more than a business advisor. Our Founder Bert Doerhoff started our firm with one goal in mind, to provide a comprehensive approach to business advisor and accounting services. One of the most important assets of our firm is our staff. After years of searching the firm has assembled a team of caring, compassionate individuals with unique expertise to help every client achieve the goals they went into business to achieve. Business owners require a tailored approach to tax strategy, business growth advice and wealth building. We can help you plan and implement the tactics that will take your business growth and personal wealth to the next level.
Our business advisor provides what the small business owner really wants and needs. We offer a unique set of services that fill the gap and support the business owner. Some call it small business accounting, bookkeeping service, outsourced accounting, CFO services, income tax savings, Quickbooks help, etc. We call it a unique customized package of services designed specifically for you and your business.