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Tax Prep Great Experience for Accounting Students

A large portion of college students have decided to take a break until this pandemic is under control. Accounting students should train to work as tax preparers to get hands-on experience.

COVID-19 Has Permanently Changed U.S. Economy

COVID-19 has permanently changed the U.S. economy. People have been forced to learn to live differently out of necessity. “We’re recovering, but to a different economy,” was recently expressed by U.S. Federal Reserve Chairman Jerome Powell. So, what has changed?

New IRS Form 1099-NEC

There is a new IRS form meant for business taxpayers to utilize when they pay or receive nonemployee compensation. The 1099-NEC is being reinstated for tax year 2020 and beyond. The “NEC,” stands for Non Employee Compensation.

California Proposition 22 Passed

California Proposition 22 passed leading to new benefits for app-based drivers, including some guarantees. In this article we will be breaking down the new benefits that are now available to app-based workers operating as independent contractors.