Why TIN Matching Is Critical To 1099 Compliance
Posted on July 12, 2021
It is common to report an incorrect Tax Identification Number (TIN) or name when filing 1099 forms with the IRS. Sometimes it could be a typo, or it could be because the vendor provides their business name with their social security number (SSN), or vice versa. To prevent the IRS from issuing penalties for inaccurate reporting, it is recommended that you verify the accuracy of the recipient's Tax Identification Number (TIN) before filing 1099 forms.
Category: News and Announcements
Millennials In The Workplace: 14 Ways To Attract and Keep Them
Posted on July 12, 2021
Millennials currently account for more than a third of all American workforce participants. They are the largest generation in the US labor force. It is critical that employers strive to make their workplaces conducive to these early to mid-level career professionals. This generation will continue to consume much of the job market in the coming years. This group is large and highly diverse. It is important that employers avoid making assumptions about candidates and employees based only on th…
Category: News and Announcements
23 Changes To 2nd Quarter 941
Posted on July 02, 2021
The IRS Announces 23 Changes To 2nd Quarter 941. Aatrix has updated the 941 Form to include 10 new lines and the 13 revised or renumbered lines. Aatrix has tested the new form, and it's ready for 2nd quarter filing.
Category: News and Announcements
eFiling Thresholds Lowered for 2021
Posted on June 10, 2021
The Taxpayer First Act reduces the threshold that triggers the electronic filing requirement for the combined filing of most information returns to the IRS, including Forms W-2, Wage, and Tax Statement, and the Form 1099 series.
Category: News and Announcements
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