CK Bookkeeping LLC wants to Know:
The IRS 1099-K $600 reporting threshold involving payment for goods and services through networks like Venmo, PayPal, Amazon, Square, and Cash App will apply for 2023.
This is important especially for contractors and small businesses that use these networks for payments.
Work with your bookkeeper to be sure you accurately record all transactions, including payments and payment methods, and business expenses that can reduce your tax burden. https://loom.ly/_B3RoOI
Call Cathy direct at 860-849-5704 or You can email her at:
Or visit the website – ckbookkeepingllc.net
