IT'S HERE!!! The New Year is HERE. And So are the Important Tax Deadlines and Compliance Dates.
It's that Time of the Year to Mail Out 1099s and W2s to your Employees and Contractors. And Also File the Forms 1099 and W2 with the IRS. Remember the Deadline is January 31st 2023. Save Yourself a Lot of Headache before the Deadline. Ensure that Everyone of your Contractors complete their W9 as this will facilitate the 1099 Processing.
These are Other Important Days to Remember in the Month of January:
* January 17th 2023 - Last Date to Pay your Final Installment Payment for your 2022 Individual Estimated Tax Payment.
* January 31st 2023 - Last Date for Employers to File Form 941, Employers Quarterly Federal Tax Return for the 4th Quarter of 2022.
* January 31st 2023 - Employers Must Also File Form 940 Employer's Annual Federal Unemployment Tax Returns for the Year 2022.
* January 31st 2023 - Last Date to Furnish Form 1099-NEC Information Returns to Payees of Non-Employee Compensation and File Returns with the IRS.
All Businesses Must Give Annual Information Statements to Recipients of Certain Payments they made in the Year 2022.
As Tax Season Approaches, It is important to note that W-9 is your Best Friend. Giving out a W-9 to your Vendors, Contractors and SubContractors is the Smartest Move to make at this Time of the Year. Make Sure, you get these Forms back from them before the End of this Month, so that the Preparation for the 1099-NEC and 1099-MISC can be a Smooth One.
At Rosyan Bookkeeping & Accounting Services, We are committed to helping you with your W-2s, W-3s and 1099 Filings, as well as furnishing you with helpful information regarding your Tax Filings. Feel Free to Reach Out to us, if you need any Clarification.
We Would gladly assist you.
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