Integrated Labels are one of the best and easiest ways to ship orders by combining the invoice and packing slips into one. This is an economical and time saving tool that can be used for all your personal and business needs. No matter what sort of business you run integrated labels will be incredibly helpful particularly to those working in businesses that require a lot of shipping. Print your single order shipments on a single sheet containing only one shipping label with the tear away section being only plain paper. These single self–adhesive shipping label with convenient cut away receipt, requires no cutting and works on both laser and ink jet printers. They keep your business organized and these shipping labels are clearly legible, this is no small feat.
Monday, May 10, 2021
Wednesday, September 23, 2020
Make your own DIY business cards!
Many Businesses’ started
printing their own Business Cards as they come out to be very cheap and yet
they look extremely professional. Quality Forms sells Business Card Paper Also
Called Card Stock, for an affordable price so that it’s a must for every company
that wants to bring their company to a next level. Enhance your company’s
professionalism, just customize your cards with your business logo or any other
graphics.
Tuesday, September 22, 2020
1099-NEC Form vs 1099-MISC Form
1099-NEC Form, is a form that solely reports nonemployee compensation. 1099-NEC is not a replacement for the 1099-MISC Form, it only replaces the use of 1099-MISC Form for reporting independent contractor payments.
Prior to 2020, you would include nonemployee compensation in Box 7 on Form 1099-MISC. In 2020, Box 7 on Form 1099-MISC will turn into “Payer made direct sales of $5,000 or more of consumer products to a buyer (recipient) for resale,” and nonemployee compensation must be reported on Form 1099-NEC instead.
Again, use Form 1099-NEC to report nonemployee compensation. Nonemployee compensation includes the following payment types to independent contractors:
- Fees
- Commissions
- Prizes
- Awards
- Other forms of compensation for services
If you pay an independent contractor nonemployee compensation, separate nonemployee compensation payments from all of your other Form 1099-MISC payments. Starting up again in 2020, fill out Form 1099-NEC if you have any workers you paid $600 or more to in nonemployee compensation.
Where do you send Form 1099-NEC?
Like Form 1099-MISC, there are multiple copies of Form 1099-NEC you must distribute. Check out each copy and its recipient below:
- Copy A: The IRS
- Copy 1: State tax department, if applicable
- Copy B: Independent contractor
- Copy 2: Independent contractor
- Copy C: Keep in your business records
When filling out Form 1099-NEC, include the following information:
- Business’s name, address, and phone number
- Business’s TIN (Taxpayer Identification Number)
- Recipient’s name, address, and TIN
- Total nonemployee compensation
- Federal and state income tax withheld
What is the due date for Form 1099-NEC?
Not only do employers have to keep the new Form 1099-NEC on their radars, but they also need to mark their calendars for a new nonemployee compensation due date. Starting in 2021, send copies of Form 1099-NEC to workers you paid nonemployee compensation to during the year by February 1.
Also file Copy A with the IRS by February 1 each year.
1099-MISC Form, Miscellaneous Income, is an information return businesses use to report payment types, such as payments made to independent contractors. You can also use Form 1099-MISC to report other payments, like royalties and rents.
Form 1099-MISC is like Form W-2 but for independent contractors. Independent contractors use Form 1099-MISC to make tax payments based on what businesses paid them during the year. Send Form 1099-MISC to any contractors you paid $600 or more to throughout the year. Also, file Form 1099-MISC if you make any of the following payments over $600:
- Royalties
- Rent
- Fishing boat proceeds
- Medical and health care payments
- Substitute payments in lieu of dividends or interest
- Crop insurance proceeds
- Excess golden parachute payments
- Gross proceeds paid to an attorney