Business Taxes

Quarterly Estimated Tax Payments for Business Owners: How Much Should You Pay?

Business Taxes / By

Most business owners are familiar with the idea that the IRS has quarterly tax requirements, but we’re often asked about how much should be paid. Our answer is – it depends. Business owners are usually in different situations, and we have explained the three options that we see individuals choose: Option 1: Pay the minimum …

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IRS FAQ: Does My Business Need to Issue any 1099-MISCs or 1099-NECs by January 31?

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As a general rule, businesses that pay an individual or another business over $600 a year in cash, check, or other transfer (excluding credit card payments) should issue a 1099. There is a penalty per 1099 that is not correctly and timely issued. In recent years, the IRS has been more aggressive in pursuing these …

IRS FAQ: Does My Business Need to Issue any 1099-MISCs or 1099-NECs by January 31? Read More »