Independent Contractors

https://www.irs.gov/pub/irs-pdf/p334.pdf

The above link will take you to the IRS guide for 2019 for Schedule C small business filers.

Charity deduction for Individual Filers 2020

Under new Sec. 62(a)(22), for tax years beginning in 2020, eligible individuals (those who do not itemize) may deduct up to $300 in qualified charitable cash contributions. Cash contributions are any contributions paid with “cash, check, electronic fund transfer, payroll deduction, etc.” (IRS Publication 526, Charitable Contributions). 

1099s are needed for your subcontractors~

If you have workers or helpers that you have paid more than $600.00 to this past year you will need to issue them a 1099.  Please call the office if you have questions.