2014 has begun, and for me, and most other accountants, that means the start of busy season. This is because we are assisting our business clients with year-end issues – and sometimes “assisting” turns to “fussing at”. With a smile, of course.
So, what do I need to fuss about the most? Here are two things (out of many) that an accountant wants you to know and do regarding year-end business issues.
What I am referring to here is Form 1099-MISC. This form is an information return that you as the business owner are required to give to certain vendors. The rules change from year to year, but for now, here’s who gets one: