Informational Return

1099’s & W2’s

This year, all 1099-Misc’s & W2’s must be filed by Jan 31. The penalty for filing a late 1099 can be as much as $550 per return with no limitation and the penalty for filing a late W2, is $50 per occurrence and up to $187,500 for small businesses. This means an employer or small business owner may incur significant penalties is and hinder the success of your business. If you need assistance issuing and filing your informational returns , hire us to do it for you.