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cover of episode 38:  Understand How The 1099K Impacts Your Future Whether You Are Starting A Business, You Are Self-Employed, A Solopreneur, Entrepreneur, Small Business Owner, Virtual Bookkeeper Or Virtual Assistant

38: Understand How The 1099K Impacts Your Future Whether You Are Starting A Business, You Are Self-Employed, A Solopreneur, Entrepreneur, Small Business Owner, Virtual Bookkeeper Or Virtual Assistant

2021/7/21
logo of podcast Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Side Hustle, Accounting, Cash Flow, Solopreneur, Strategy, Tax, Virtual Assistant Marketing Mindset QuickBooks

Mastering Your Small Business Finances ~ Money Management, Bookkeeping, Entrepreneurship, Side Hustle, Accounting, Cash Flow, Solopreneur, Strategy, Tax, Virtual Assistant Marketing Mindset QuickBooks

Shownotes Transcript

If your business involves selling items on amazon, eBay or your business accepts payments from credit cards, debit cards, or other third-party processors, you will more than likely receive a Form 1099K.  Knowing what this form is and how it will impact your business is important to know.  The rules for the 1099K are changing in 2022 and understanding these new rules as well as the impact it will have in your business is important.  In today’s episode, I will be going over what all the hype is regarding the 1099K form so that you know exactly what to expect in the coming year and how it may impact your income tax return.  I’ll even be covering what the difference is between the 1099 MISC, 1099 NEC and the 1099K so there is no confusion between the three of these forms.  This episode is going to be helpful for you whether you are getting ready to start your small business, you’re a solopreneur, entrepreneur, small business owner, virtual online bookkeeper or virtual assistant and you accept any payments via credit card or debit card…

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