COVID-19 Relief Bill – What we know so far

Posted by Jonathan A. Patterson, CPA, CVA and Michael D. Kelly, CPA On Sunday, December 27, President Trump signed into law $900 billion in COVID-19 Relief and $1.4 trillion in government funding. The over 5,500 page bill combines financial relief for individuals, businesses, and nonprofits and includes many new provisions that are important for our clients and friends to be … Continued

Form 1099-NEC Additional Clarification

Posted by: Jonathan Patterson, CPA, CVA Earlier this week, we sent a communication to our clients regarding Form 1099 and W-9 Reporting Requirements. From that communication, we received questions specific to the Internal Revenue Service’s introduction of Form 1099-NEC for use beginning with tax year 2020 to report non-employee compensation. We wanted to share the following information with you regarding … Continued