In this episode, I discuss the essential aspects of the 1099 form, particularly the 1099 NEC, which is crucial for independent contractors and freelancers. I explain the differences between the 1099 and W-9 forms, the responsibilities of business owners in issuing 1099s, and the importance of accurate tax reporting. The conversation also covers common FAQs, best practices for tax compliance, and resources available for business owners to navigate tax season effectively.

Is your business ready for tax season? This episode provides essential tips for entrepreneurs to organize their Quarter 4 business finances and prepare for the upcoming tax season! Learn about key tax deductions, common financial mistakes to avoid, and state compliance requirements to keep your business in good standing. Download the free Tax Prep Checklist to get started today!

In this episode, Sonja Jones discusses the Beneficial Ownership Information (BOI) form, which is a requirement under the Corporate Transparency Act. She addresses common misconceptions, filing requirements, deadlines, and answers frequently asked questions about the form. The episode aims to educate entrepreneurs on the importance of compliance and provides guidance on how to navigate the filing process effectively.