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Accounting for 1099 Employees: A Comprehensive Guide for Businesses
By: Sarah Chen, CPA, MST – Sarah Chen is a Certified Public Accountant with over 15 years of experience specializing in tax accounting and small business management. She holds a Master of Science in Taxation and is a frequent speaker at industry conferences on topics related to independent contractor compliance.
Published by: Tax & Compliance Insights – Tax & Compliance Insights is a leading publisher of authoritative resources for tax professionals, businesses, and individuals. For over 20 years, we've provided reliable, up-to-date information to help navigate the complexities of tax law and compliance.
Edited by: Mark Olsen, CA – Mark Olsen is a Chartered Accountant with extensive experience in editing financial and tax publications. His expertise ensures accuracy and clarity in our articles.
Introduction:
The rise of the gig economy has significantly impacted how businesses operate, leading to a surge in the number of independent contractors classified as 1099 employees. Understanding the nuances of accounting for 1099 employees is crucial for businesses to maintain compliance, avoid penalties, and manage their finances effectively. This comprehensive guide will delve into the key aspects of managing 1099 workers, highlighting the implications for your business and offering practical advice.
H1: Understanding the 1099 Classification
Before diving into the accounting specifics, it's critical to accurately classify workers. The IRS uses strict guidelines to distinguish between employees (W-2) and independent contractors (1099). Misclassifying workers can lead to significant penalties, including back taxes, interest, and even legal action. Key factors considered include the level of control the business exercises over the worker, the worker's investment in their business, and the permanence of the working relationship. Accurate classification is the cornerstone of proper accounting for 1099 employees.
H2: Record-Keeping for 1099 Employees
Meticulous record-keeping is paramount for successful accounting for 1099 employees. You need to maintain detailed records of all payments made to 1099 contractors, including:
Date of payment: Precise dates ensure accurate reporting.
Amount paid: This includes fees, expenses reimbursed, and any other payments.
Description of services: A clear description helps with tax categorization and audits.
Contractor's identifying information: Accurate Taxpayer Identification Number (TIN) is essential for accurate 1099 reporting.
H3: Tax Implications of 1099 Payments
Unlike W-2 employees, businesses are not responsible for withholding taxes from payments to 1099 employees. However, businesses are required to file Form 1099-NEC (Nonemployee Compensation) reporting all payments exceeding $600 annually to each independent contractor. Failure to file correctly can result in hefty penalties. Understanding these tax implications is a crucial part of accounting for 1099 employees.
H4: Software and Tools for 1099 Management
Efficient accounting for 1099 employees often requires leveraging specialized software. Several accounting platforms offer features for tracking 1099 payments, generating Form 1099-NEC, and managing related tax obligations. Investing in such software can streamline the process and reduce the risk of errors. Research different options to find the best fit for your business's needs.
H5: Avoiding Common Mistakes in 1099 Accounting
Several common pitfalls can lead to complications with accounting for 1099 employees. These include:
Misclassifying workers: As mentioned earlier, this is a serious issue.
Inaccurate record-keeping: Poor record-keeping makes compliance difficult and increases audit risk.
Failing to file Form 1099-NEC on time: Late filing attracts penalties.
Incorrectly reporting payments: Errors in reporting can lead to adjustments and penalties.
H6: The Impact of 1099 Employment on Business Strategy
The decision to utilize 1099 contractors significantly impacts business strategy. While offering flexibility and cost savings, it also requires diligent management and adherence to regulatory requirements. A comprehensive understanding of accounting for 1099 employees is vital for strategic decision-making.
Conclusion:
Proper accounting for 1099 employees is a critical aspect of running a successful and compliant business. By understanding the regulations, maintaining meticulous records, and utilizing appropriate tools, businesses can navigate the complexities of managing independent contractors effectively. Failing to do so can have serious financial consequences. This guide provides a strong foundation for navigating this increasingly important area of business accounting.
FAQs:
1. What is the difference between a W-2 employee and a 1099 employee?
2. What is Form 1099-NEC, and when is it required?
3. What are the penalties for misclassifying a worker?
4. What software can help with 1099 accounting?
5. How can I ensure accurate record-keeping for 1099 payments?
6. What are the key factors the IRS considers when determining worker classification?
7. How do I file Form 1099-NEC?
8. What if I make a mistake on my 1099-NEC filing?
9. Can I deduct expenses related to 1099 contractors?
Related Articles:
1. Understanding Independent Contractor vs. Employee Status: A detailed guide explaining the key distinctions between the two classifications.
2. The IRS's 20-Factor Test for Worker Classification: An in-depth look at the criteria the IRS uses to determine worker status.
3. Avoiding Penalties for 1099 Misclassification: Practical strategies for preventing costly mistakes.
4. Best Accounting Software for 1099 Contractors: A review of popular accounting platforms and their features.
5. Streamlining 1099 Reporting with Automation: Exploring tools and techniques for efficient 1099 processing.
6. Tax Implications for 1099 Contractors: A comprehensive guide to the tax responsibilities of independent contractors.
7. The Impact of the Gig Economy on Business Accounting: Analyzing the broader implications of the rise of independent contractors.
8. Managing 1099 Contractor Relationships: Tips for building strong working relationships with 1099 employees.
9. Year-End Tax Planning for Businesses with 1099 Contractors: Strategies for optimizing tax outcomes at the end of the year.
| accounting for 1099 employees: Nonprofit Bookkeeping and Accounting For Dummies Sharon Farris, 2009-05-04 Your hands-on guide to keeping great records and keeping your nonprofit running smoothly Need to get your nonprofit books in order? This practical guide has everything you need to know to operate your nonprofit according to generally accepted accounting principles (GAAP) — from documenting transactions and budgeting to filing taxes, preparing financial statements, and much more. You’ll see how to stay organized, keep records, and be prepared for an audit. Begin with the basics — understand common financial terms, choose your accounting methods, and work with financial statements Balance your nonprofit books — set up a chart of accounts, record transactions, plan your budget, and balance your cash flow Get the 4-1-1 on federal grants — find grants and apply for them, track and account for federal dollars, and prepare for a grant audit Stay in good standing with Uncle Sam — set up payroll accounts for employees, calculate taxes and deductions, and complete tax forms Close out your books — prepare the necessary financial statements, know which accounts to close, and prepare for the next accounting cycle Know what to do if you get audited — form an internal audit committee, follow IRS rules of engagement, and keep an immaculate paper trail Open the book and find: The difference between bookkeeping and accounting How to maintain a manual or computer record-keeping system Ten vital things to know when keeping the books Do’s and don’ts of managing federal grant money How to prepare for an audit of your financial statements IRS Form 990 good practices The most common errors found during nonprofit audits How to figure out employee payroll deductions and taxes |
| accounting for 1099 employees: Audit and Accounting Guide: Employee Benefit Plans AICPA, 2016-11-21 Considered the industry standard resource, this guide provides practical guidance, essential information and hands-on advice on the many aspects of accounting and authoritative auditing for employee benefit plans. This new 2016 edition is packed with information on new requirements — including the simplification of disclosure requirements for investments in certain entities that calculate net asset value per share (or its equivalent), the simplification of disclosures for fully benefit-responsive investment contracts, plan investment disclosures, and measurement date practical expedient, and a new employee stock ownership plans chapter that includes both accounting and auditing. |
| accounting for 1099 employees: Forensic Accounting For Dummies Frimette Kass-Shraibman, Vijay S. Sampath, 2011-01-13 A practical, hands-on guide to forensic accounting Careers in forensic accounting are hot-US News & World Report recently designated forensic accounting as one of the eight most secure career tracks in America., Forensic accountants work in most major accounting firms and demand for their services is growing with then increasing need for investigations of mergers and acquisitions, tax inquiries, and economic crime. In addition, forensic accountants perform specialized audits, and assist in all kinds of civil litigation, and are often involved in terrorist investigations. Forensic Accounting For Dummies will track to a course and explain the concepts and methods of forensic accounting. Covers everything a forensic accountant may face, from investigations of mergers and acquisitions to tax inquiries to economic crime What to do if you find or suspect financial fraud in your own organization Determining what is fraud and how to investigate Whether you're a student pursuing a career in forensic accounting or just want to understand how to detect and deal with financial fraud, Forensic Accounting For Dummies has you covered. |
| accounting for 1099 employees: Self-employment Tax , 1988 |
| accounting for 1099 employees: Not-for-Profit Accounting, Tax, and Reporting Requirements Edward J. McMillan, 2004-03-29 Learn how to apply for tax-exempt status, handle IRS audits, set up a wholly owned taxable subsidiary, and anticipate tax implications of lobbying expenses with this step-by-step guide. Complete with checklists, sample letters, and illustrative charts, this easy-to-understand reference is an important resource for every not-for-profit executive who deals with financial issues. Order your copy today! |
| accounting for 1099 employees: Radically Simple Accounting Madeline Bailey, 2005-10-03 Radical Accounting introduces a new way of learning accounting that businesspeople-from students to stars-find engaging. This easy-to-learn system works with all accounting software, all types of private businesses, and individuals who are a business of one.Accounting is a way to keep score in business. One rule in private business is that everyone keeps track of his or her own score. Whether you do the bookkeeping yourself, or manage a bookkeeper, don't you want to know if you are wining, or losing. . .if your financial advisors are making sense, or nonsense? This is the primer!Finally, something new and different in accounting! The first user-friendly accounting book. Did you know that if you set up, or customize, your software chart of accounts according to your way of doing business, you'll easily understand your Profit and Loss Report and Balance Sheet-your scorecards with the world of business?Toss out those antiquated accounting books. Jump into a book you'll cherish. With humor and grace, you'll be guided to victory in your quest to gain control of your finances and make more profit!Contains QuickBooks® Accounting Software Tips. |
| accounting for 1099 employees: Laws Relating to the Navy, Annotated United States, United States. Laws, statutes, etc, 1929 |
| accounting for 1099 employees: Impact of Independent Contractor Reclassification on Small Business United States. Congress. House. Committee on Small Business. Subcommittee on Exports, Tax Policy, and Special Problems, 1992 |
| accounting for 1099 employees: Bookkeeping Kit For Dummies Lita Epstein, 2012-01-09 The easy way to get a handle on bookkeeping Accurate and complete bookkeeping is crucial to any business owner, but it's also important to those who work with the business, such as investors, financial institutions, and employees. Bookkeeping For Dummies provides the easy and painless way to master this critical skill. You'll get clear and concise information on keeping track of transactions, figuring out balance sheets, keeping ledgers or journals, creating financial statements, and operating accounts for businesses, along with practices and examples to hone your skills. Plus, the bonus CD includes samples of bookkeeping forms, working papers, letters, resources, and spreadsheets. Keeping track of transactions Figuring out the balance sheet Keeping a ledger and journal Creating financial statements Operating accounts for businesses Recognizing assets and liabilities Up-to-date tax information Changes in small business regulations Additional and complementary examples Demonstration problems True/false and multiple-choice questions and scenarios Whether you're a professional or a student looking to expand your skills, Bookkeeping Kit For Dummies is a one-stop resource for anyone interested in this ever-growing occupation. |
| accounting for 1099 employees: QuickBooks Consultant's Reference Guise - Version 2005-2006 (Printed Book) Questiva Consultants, 2006-04 |
| accounting for 1099 employees: The White Coat Investor James M. Dahle, 2014-01 Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a Backdoor Roth IRA and Stealth IRA to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place. - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research. - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books This book should be in every career counselor's office and delivered with every medical degree. - Rick Van Ness, Author of Common Sense Investing The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk. - Joe Jones, DO Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis. - Dennis Bethel, MD An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust. - Greg E Wilde, M.D Scroll up, click the buy button, and get started today! |
| accounting for 1099 employees: Financial Management Regulation United States. Assistant Secretary of Defense (Comptroller), 1995 |
| accounting for 1099 employees: Accounting Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, 2010-12-01 With this fourth edition, accountants will acquire a practical set of tools and the confidence they need to use them effectively in making business decisions. It better reflects a more conceptual and decision-making approach to the material. The authors follow a macro- to micro- strategy by starting with a discussion of real financial statements first, rather than starting with the Accounting Cycle. The objective is to establish how a financial statement communicates the financing, investing, and operating activities of a business to users of accounting information. This motivates accountants by grounding the discussion in the real world, showing them the relevance of the topics covered to their careers. |
| accounting for 1099 employees: Laws Relating to the Navy, Annotated United States, 1922 |
| accounting for 1099 employees: Payroll Accounting Bernard J. Bieg, 2002-11 This market-leading Payroll Accounting text/workbook illustrates the calculation of payroll, payroll taxes, and the preparation of records and reports that form the foundation of a payroll system. |
| accounting for 1099 employees: Wiley Pathways Small Business Accounting Lita Epstein, 2008-08-25 When it comes to operating a small business, it doesn't matter how good the idea is if the accounting behind the operations isn't solid. Now readers have a resource that covers the accounting tools and strategies that will help them run a successful company. They'll gain a strong foundation in basic accounting and then progress to accounting strategies for service businesses. They'll also learn about basic accounting procedures and find ways to utilize accounting techniques for a merchandising business. |
| accounting for 1099 employees: Financial Management Regulation: Nonappropriated funds policy and procedures United States. Assistant Secretary of Defense (Comptroller), 1994 |
| accounting for 1099 employees: Federal-state Reference Guide United States. Internal Revenue Service, 2002 |
| accounting for 1099 employees: Management Accounting , 1998 |
| accounting for 1099 employees: QuickBooks 2005 For Dummies Stephen L. Nelson, 2004-12-13 Here's what you need to become your own accountant! If you love running a business, but despise keeping the books, this is the book for you! Revised throughout to cover the latest updates and enhancements made to QuickBooks, Quickbooks 2005 For Dummies covers the basics, walks you through the software installation, and guides you step-by-step through various accounting functions, including: Creating invoices and credit memos Tracking accounts receivable and payable Paying bills Monitoring and managing inventory Balancing the books Printing checks or paying with plastic Doing your banking online Processing payroll Written by Stephen Nelson, the author of more than 100 books, including all editions of QuickBooks For Dummies, Quickbooks 2005 For Dummies takes you beyond everyday accounting tasks and helps you use information to boost your productivity and profits by: Generating and sharing financial reports Building budgets Efficiently estimating, billing, and tracking jobs To expedite your bookwork and grow your business by the numbers, you don’t have to hire expensive consultants or become a CPA; just become a QBE—a QuickBooks Expert. With this book and your QuickBooks software, everything you need to know is at your fingertips! |
| accounting for 1099 employees: Decisions and Orders of the National Labor Relations Board United States. National Labor Relations Board, 1985-04 |
| accounting for 1099 employees: Your Federal Income Tax for Individuals United States. Internal Revenue Service, 1997 |
| accounting for 1099 employees: Contractor's Guide to QuickBooks Pro 2003 Karen Mitchell, Craig Savage, Jim Erwin, 2003 Easily master QuickBooks Pro 2003 and quickly learn how to generate reports to help you analyze your company's progress. Includes a FREE CD-ROM with preconfigured construction company files for QuickBooks Pro, including one for Canada. Just drag the company file onto your hard drive and then fill it in with your vendors, subs, and customers. Also included is a complete estimating program with a cost database to help you estimate your jobs, and a unique translation tool to transfer the estimate to QuickBooks Pro for job costing. Includes 40 FREE construction forms. |
| accounting for 1099 employees: Contractor's Guide to Quickbooks Pro 2002 Karen Mitchell, Craig Savage, Jim Erwin, 2002 According to a recent national survey, more construction contractors use QuickBooks Pro and QuickBooks than all other accounting programs combined. And for good reason. QuickBooks Pro excels at all the routine paperwork in a construction office: writing checks, keeping track of your bank balance, sending out invoices and statements, creating up-to-the-minute profit and loss statements for the month, year or by job, writing payroll checks, paying suppliers and subcontractors, tracking job costs, comparing estimated and actual costs for each job, and much more. But there's a lot to learn in QuickBooks Pro. And converting to a new accounting system can be a complex and confusing task, even if you have a strong background in accounting and plenty of time to install the new system. That's why this book was written -- because most construction pros aren't accounting experts and have more important work to do at the job site. |
| accounting for 1099 employees: Blackwell's Five-Minute Veterinary Practice Management Consult Lowell Ackerman, 2013-08-13 Blackwell’s Five-Minute Veterinary Practice Management Consult, Second Edition has been extensively updated and expanded, with 55 new topics covering subjects such as online technologies, hospice care, mobile practices, compassion fatigue, practice profitability, and more. Carefully formatted using the popular Five-Minute Veterinary Consult style, the book offers fast access to authoritative information on all aspects of practice management. This Second Edition is an essential tool for running a practice, increasing revenue, and managing staff in today’s veterinary practice. Addressing topics ranging from client communication and management to legal issues, financial management, and human resources, the book is an invaluable resource for business management advice applicable to veterinary practice. Sample forms and further resources are now available on a companion website. Veterinarians and practice managers alike will find this book a comprehensive yet user-friendly guide for success in today’s challenging business environment. |
| accounting for 1099 employees: Your Federal Income Tax for Individuals , 1997 |
| accounting for 1099 employees: Learning QuickBooks Step-by-Step - QuickBooks Fundamentals - Version 2006 Sleeter Group, Incorporated, The, 2006-08 |
| accounting for 1099 employees: QuickBooks 2007 On Demand Gail Perry CPA, 2002-12-06 QuickBooks 2007 on Demand is the ultimate reference for people who really want to learn how to use the most popular accounting program. Using a friendly seeit/do-it technique, QuickBooks 2007 on Demand gives you illustrated, full color, step-by-step explanations that put you in charge of your finances. Whether you keep this book right next to your computer for quick reference or use it to train others, you’ll find this is an indispensable resource. SEE HOW TO Produce and customize reports that show exactly how your company is doing Schedule transactions so you’ll never forget a due date again Bill time and expenses directly to customers Use the new QuickBooks features for 2007, including a redesigned Payroll Center and the new Accountant’s Copy that lets you keep working while your accountant reviews your books Create and use a budget Reconcile your bank account to the penny without waiting for the bank statement to come in the mail Keep detailed records of fixed asset acquisitions Protect your financial information with the latest in security techniques Send customized mailings to your customers and vendors 1. Setting Up Your Company Accounts with the EasyStep Interview 2. Setting Up and Using Payroll Features 3. Adding or Changing Information After the Interview Is Completed 4. Invoicing and Collecting Income 5. Making Purchases and Recording Payments 6. Collecting and Paying Sales Tax 7. Using Timesaving Features 8. Job Cost Estimating and Tracking 9. Tracking Time New! 10. QuickBooks Tips and Tricks 11. Using the QuickBooks Online Features 12. Preparing Income Tax Returns 13. Security 14. Using Inventory Features 15. Recording Your Assets 16. Recording Owners’ Equity 17. Recording Liabilities 18. Preparing the Top Ten QuickBooks Reports New! Features Index |
| accounting for 1099 employees: QuickBooks 2008 All-in-One Desk Reference For Dummies Stephen L. Nelson, 2008-01-22 Your key to success with QuickBooks 2008, a one-stop guide to successful small business financial management. |
| accounting for 1099 employees: QuickBooks 2006 For Dummies Stephen L. Nelson, 2006-01-13 Do a quick take on QuickBooks and you’ll wonder where it’s been all your life. If you’re running a small business, you need an accounting system that monitors profits, losses, and expenses without costing an arm and a leg. And if you’re running your own business— when you’re trying to do everything, including things like, well, actually selling something—you need a good solid software system that stays one step ahead of you. QuickBooks 2006 is that software. Record invoices, pay bills—QuickBooks will crunch the numbers and keep you on track. Now you can add another member to your team: QuickBooks 2006 For Dummies. This helpful book is loaded with the latest information, features, and expert advice you need to make the best use of the software. Pop open the book, and you’ll quickly start getting the basics in plain English. Written for those of us who aren’t CPAs, this down-to-earth guide explains how to: Create invoices and credit memos Produce income statements and financial reports Process payroll and simplify tax preparation Estimate, bill, and track expenses Author Stephen Nelson not only has an MBA, a CPA and expertise in teaching the rest of us about QuickBooks, he also teaches other CPAs how to teach the rest of us about QuickBooks. You’ll feel like you’ve got a knowledgeable and humorous buddy at your side as you learn how to: Streamline bill paying with online banking and electronic checks Set up a workable chart of accounts and a good working budget Keep track of inventory, fixed assets, and vehicle mileage Handle selling a depreciable asset—and nine other “Tricky Situations” Figure out your break-even point—and nine more “Secret Business Formulas” Install QuickBooks in ten easy steps If you handle the financial parts of your business like a pro, you’re free to concentrate on what you do best. QuickBooks 2006 For Dummies is the fun and easy way® to get started! |
| accounting for 1099 employees: QuickBooks 2009 Solutions Guide for Business Owners and Accountants Laura Madeira, 2008-12-22 QuickBooks 2009 Solutions Guide This is the definitive, must-have reference for every business owner, entrepreneur, accountant, and bookkeeper who relies on QuickBooks 2009. Not a beginner’s guide, it’s a high-productivity resource for solving the problems that intermediate-to-advanced QuickBooks users encounter most often. Author Laura Madeira is superbly qualified to write this book: she has twenty years experience training professionals on Intuit products and has been selected by Intuit to introduce its new releases to accountants and entrepreneurs. Here, she offers real solutions for every QuickBooks accounting module, helping readers achieve their true goal for QuickBooks: a clear, up-to-date understanding of where the business stands, and where it’s headed. Thoroughly updated for QuickBooks 2009, this book brings together indispensable, start-to-finish techniques for troubleshooting QuickBooks data files and fixing QuickBooks mistakes wherever they occur. Drawing on her unsurpassed experience, Madeira offers expert advice on every facet of QuickBooks accounting: data files, banking, A/R, undeposited funds, employee advances, inventory, A/P, sales tax, payroll, reporting, sharing data with accountants, and much more. This book will help you : • Quickly set up accurate charts of accounts — or improve existing ones • Use QuickBooks reports to understand the most important trends in your business • Correct data errors in any balance sheet account, from A/R and A/P to taxes and inventory • How to use the New for 2009! Client Data Review feature for accountants. • Properly review your payroll data and avoid expensive mistakes • Efficiently share business data with your accountant • Troubleshoot beginning balance differences, reconciliation errors, and many other problems • Learn to use the Intuit Statement Writer tool, New for 2009! Laura Madeira is founder of ACS, Inc., located in the greater Dallas, Texas area and an Intuit Solutions Provider that specializes in on-site and Internet-assisted accounting software implementation, set-up, training and troubleshooting. She has over twenty years of experience helping companies maintain accurate and timely accounting and financial information through one-on-one consulting, group classes, and web-based training. Madeira currently writes technical documentation and presentations for the QuickBooks product line as a member of the Intuit Accounting Professionals Trainer/Writer Network. She has also served on Intuit’s Accountant and Customer Advisory Council and was a guest speaker for the QuickBooks Developer Network. Her “QuickBooks at Year-End” document has been distributed by Intuit at several national events and is one of Intuit’s most requested training and presentation documents. Her expertise with QuickBooks and other Intuit software has been featured nationally in an Advisor Spotlight and widely-distributed promotional literature. She holds Intuit's Advanced Certified, Point of Sale Certified designations, as well as a bachelor of science in accounting from Florida Atlantic University. Category Business | Finance Covers QuickBooks 2009 User Level Intermediate—Advanced |
| accounting for 1099 employees: QuickBooks 2014 on Demand Gail Perry CPA, Michelle Long, 2014-04-11 Need answers quickly? QuickBooks 2014 on Demand provides those answers in a visual step-by-step format. We will show you exactly what to do through lots of full color illustrations and easy-to-follow instructions. Numbered Steps guide you through each task See Also points you to related information in the book Did You Know alerts you to tips and techniques Illustrations with matching steps Tasks are presented on one or two pages Inside the Book Learn everything you need to know to quickly start using your QuickBooks financial software Produce and customize reports that show exactly how your company is doing Schedule transactions so you’ll never forget a due date again Bill time and expenses directly to customers Use the new QuickBooks features for 2014, including Income Tracker, Bank Feeds, and Rules Create and use a budget Reconcile your bank account to the penny without waiting for the bank statement to come in the mail Keep detailed records of fixed asset acquisitions Send customized mailings to your customers and vendors Learn tips and shortcuts to help make your QuickBooks experience more efficient and to customize your program to fit your style Process transactions the right way by following the accounting rules interspersed throughout the book Includes Hundreds of the Most Essential QuickBooks 2014 Tasks Workshops Easy Setup Procedures Reporting Techniques Visit the authors’ websites: http://longforsuccess.com http://www.cpapracticeadvisor.com Bonus Online Content Register your book at queondemand.com to gain access to online files such as a video on “Using the Sample Data File.” |
| accounting for 1099 employees: Employment Classification Issues United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight, 1997 |
| accounting for 1099 employees: Bookkeeping for Nonprofits Murray Dropkin, James Halpin, 2012-06-27 BOOKKEEPING FOR NONPROFITS Bookkeeping for Nonprofits is a hands-on guide that offers nonprofit leaders, managers, and staff the tools they need to create and maintain a complete and accurate set of accounting records. This much-needed resource provides those with little or no bookkeeping experience with practical advice in a highly accessible format. Written by Murray Dropkin and Jim Halpin, Bookkeeping for Nonprofits is a step-by-step introduction to keeping accounting records, which form the foundation for a nonprofit organization's financial reports, tax returns, budgets, cash forecasts, and grant proposals. Using this volume as a guide, nonprofit leaders and staff will be able to set up books with or without accounting software and ensure that the records meet the needs of their organization. Bookkeeping for Nonprofits is a comprehensive resource that Discusses how transactions provide day-to-day information for tracking cash balances and cash requirements Shows how transactions provide information to management and the board of directors for budgeting and other essential tasks Explains basic bookkeeping concepts, such as the accounting equation, the chart of accounts, and income and expense tracking Guides readers through the nuts and bolts of recording a transaction Provides an overview of alternative recordkeeping methodologies and how to choose among them Designed to be easy to use, the book is filled with illustrations and checklists. Bookkeeping for Nonprofits is the remarkable new guide for a new generation of accounting challenges bookkeepers face every day. —Frances Hesselbein, chairman and founding president, Leader to Leader Institute Bookkeeping for Nonprofits provides a rare combination of consummate professionalism and clear, accessible writing. Underlying the wealth of technical information lies a great deal of wisdom. The authors have found a way to translate their enormous, on-the-ground experience into usable, actionable policies, procedures, and practices. It is a book that gives all you need to create a fiscally responsible agency with the bonus of helping you become a better manager and a wiser person. —Peter Block, business consultant and author of Flawless Consulting and The Empowered Manager Bookkeeping for Nonprofits provides an excellent understanding of the practical application of bookkeeping in the real work environment. —Ron Werthman, vice president, finance/treasurer and CFO, Johns Hopkins Health System, The Johns Hopkins Hospital This is a wonderful book that every bookkeeper in a nonprofit organization should have. —Eusebio David, fiscal director, Federation of Multicultural Programs, Inc. |
| accounting for 1099 employees: Real-resumes for Administrative Support, Office & Secretarial Jobs Anne McKinney, 2004 Those who seek jobs in the office support field will find this book to be a valuable resource! Office managers, administrative assistants, executive aides, and other office support personnel have a lot of common when they create a resume, and this book shows resumes and cover letters of individuals who want to find work ranging from office management to clerical. No matter what industry or type of work medical, manufacturing, nonprofit, and other environments this book will provide a competitive edge to those who seek employment which involves admin support, executive support, clerical, and secretarial responsibilities. For those who seek federal employment, theres a special section in the book showing how to create federal resumes and government applications. |
| accounting for 1099 employees: Tax and Financial Guide 2010 Dan Busby, 2010-01-31 The Zondervan 2010 Church and Nonprofit Tax and Financial Guide is the most accessible, complete, and easy-to-follow tax and financial guide of its kind, explaining complex tax concerns in plain language. |
| accounting for 1099 employees: Microsoft Office Accounting Express 2007 Starter Kit Pamela Pierce, 2007-05-16 Microsoft Office Accounting Express 2007 Starter Kit Set up Microsoft® Office Accounting Express 2007 quickly and painlessly! Microsoft Office Accounting Express 2007 will help you improve the way you manage your finances by reducing the time spent accounting for eBay sales and PayPal receipts, taking the worry out of payroll filing with ADP Payroll, and improving your bottom line by using Equifax credit profiles. Microsoft® Office Accounting Express 2007 Starter Kit provides clear and easy instructions on using Microsoft Office Accounting Express 2007 for all your daily business transactions–from invoicing to check writing. Introduction Chapter 1 A Microsoft Accounting Products Comparison Chapter 2 Downloading and Installing Chapter 3 Registration and Setup Wizard Chapter 4 Importing Data Chapter 5 Company Setup Chapter 6 Basic Accounting Transactions Chapter 7 Accounting Reports Chapter 8 End of Period Chapter 9 Advanced Features Appendix A Troubleshooting Glossary Author Bio Pamela Pierce is certified through Microsoft Professional Accountants’ Network (MPAN) in Microsoft Small Business Accounting. She has been interviewed for articles on Microsoft Accounting 2007 in magazines such as Accounting Technology and Accounting Today. She is the owner of Empowering You!, a company that has been transforming businesses through technology since 1993. She is a college instructor in PC repair and maintenance and was one of the first Microsoft Partners and Microsoft Certified Solution Developers. www.quepublishing.com CD Info The full version of Microsoft Office Accounting Express 2007 is included on the accompanying CD! You’re ready to start setting up and managing your accounting processes the minute you open the Starter Kit. · Shows how to use Microsoft Office Accounting Express 2007 with other Microsoft Office products, including Word, Excel, Access, and Outlook Business Contact Manager. · Provides clear and easy instructions on invoicing, deposits, check writing, and much more. · Shows how to customize forms and reports to fit your unique business. · Provides valuable setup tips. Set it up right, and you’ll love it! Set it up incorrectly, and you’ll have problems from the start. · Explains the import process from Intuit QuickBooks, Microsoft Money, and Microsoft Excel. · Includes a chapter on troubleshooting, plus many insider tips, notes, and cautions throughout all chapters. · Shows you how to use the Internet to move transactions into and out of Microsoft Office Accounting Express 2007. Category Business Finance Covers Microsoft Office Accounting Express User Level Beginning–Intermediate |
| accounting for 1099 employees: Accounting and Office Manual for Labor Unions Harry C. Fischer, 1979 |
| accounting for 1099 employees: Business Taxpayer Information Publications , 2002 |
| accounting for 1099 employees: EY Tax Guide 2015 Ernst & Young, 2014-10-29 Everything you need to prepare your 2014 tax return--Cover. |
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