It's that time of year again! We hope you had a great 2019 and are looking forward to 2020.
Regarding 1099's, as of the writing of this newsletter there are no programming changes necessary.
Instructions for running 1099's are listed below for your convenience.
However, for next year, there are major changes to the 1099 filing process which will now break out non-employee compensation (box 7) on a new separate form. There will be a second form for Miscellaneous Income. More information on this will be forthcoming and you can check our web page for blog articles regarding this as well.
The deadlines for filing W-2s and 1099s, are the same as last year, please see below for more information.
For year end, we have some sample knowledge base entries that you may find helpful and have added our holiday schedule for 2020.
Also, there is a new form W-4 for this coming year.
And lastly, we have included 2020 Federal Wage Limits and 2020 Retirement Plan Contribution limits.
Wishing you the best this New Year!