Are 1099 Forms Issued For Goods And Supplies?

Question I’m a staff accountant for an S Corporation. We need to issue 1099 forms to LLCs and contractors. As an S Corporation, do we need to issue a 1099 for goods and supplies? Answer Please note that the 1099-MISC form is generally issued for payment of services provided. However, if the goods and supplies […]

A New Way To Record Payroll in QuickBooks

Staff accountants and bookkeepers using payroll in QuickBooks can record all of their entries to wages and taxes payable, while also grossing up payroll as infrequently as once a month, quarter, or year. This can be a significant time saver, especially when the month to month reporting is not needed. However, when reporting on a […]