When it comes to paying employees, Federal and State regulations have made the payroll function a time-consuming nightmare for the small to mid-sized business owner.
Eliminate the risks of calculating and filing your own payroll taxes by having professionals do it for you. Federal, state and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date?
Gurian CPA Firm offers 1099 & W2 form consulting and advisory services. Using Gurian PLLC for your payroll needs allows you to be worry-free, knowing that we have the expertise to prepare and process 1099s and W-2s properly and on time so you can avoid penalties.
A 1099 form is a series of Internal Revenue Service tax forms used to file an information return. The form 1099 will help people with their tax returns.
There are different types of the 1099 forms for reporting payments or transactions. Usually, you will receive 1099 tax forms in the mail from different types of income you received for the year. Below, is a list of the different types of 1099 forms available.
The IRS requires employers to report wage and salary of their employees on a W-2 form. It also shows the federal, state and other taxes withheld from your pay. The employee’s personal information and the employer’s contact information will be on the form W2. It is important to double-check the social security number, name and address to make sure everything is correct.
The Federal law requires employers to send the W2 form out by January 31. Employers will also file a copy to the IRS.