First let's start by addressing the name change, a 1099-nec and 1099-misc are not the same thing however until 2020 the 1099 misc was used for reporting non- employee compensation where as now the 1099-NEC is used for this purpose.
Now that we have that all cleared up who gets a 1099- NEC? Any individual not on the payroll on a contract to complete a project or assignment, who was paid more than $600.00
So in plan English what this means is if you made an individual more than $600.00 to do graphic design, social media manager, design your website, update your SEO, ETC, and they are not an S-corp or C- corp you would issue them a 1099- NEC.
Do you have to have a contact? NO, this is just a way of saying that you agreed on a task and price, however they are not an employee because you did not provide set hours or specifications on how they must complete this task.
Do you have an affiliate program ? If you paid one of your affiliates more...
We’re halfway through 2019’s fourth quarter! Can you believe it? It’s hard to believe that in just a few short weeks we will be heading into 2020.
I personally have had a blast this year. In addition to running my husband’s business, I have started my own! I launched two courses and have helped dozens of creative small business owners figure out their marketing strategies and finances. As much as I have accomplished, it’s time to think about what the next year holds.
When we talk about new goals that coincide with January 1st, people often call them “New Year’s Resolutions.” New Year’s Resolutions also have a reputation for falling through. So as you create your list, make sure to call them something else, so you don’t trick your brain into failing. I like to call them my Level-Up Goals!
Before we get into the nitty-gritty of what goal to set, I want to share some tips on how to create good goals. First, I...