Businesses Must Electronically File Form 8300, Report of Cash Payments Over $10,000, Beginning Jan. 1, 2024

This article was published by the IRS.  The Internal Revenue Service has announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Businesses that [...]

W-2s, W-3s, 1099-NEC, Information Returns Due Date: January 31

If you are an employer, here is an important filing deadline reminder. The law requires you to file a copy of the W-2 forms you give to your employees by January 31st. You are also required to file the W-3 forms. Remember, you need to send these forms to the Social Security Administration. In addition, if [...]

IRS Launches Paperless Processing Initiative

This article was published by the IRS. Taxpayers will have the option to go paperless for IRS correspondence by 2024 filing season, IRS to achieve paperless processing for all tax returns by filing season 2025 IRS paperless processing initiative will eliminate up to 200 million pieces of paper annually, cut processing times in half, and expedite [...]

How to create 1099s in QuickBooks Online

You can quickly prepare 1099s and make managing your team easier with QuickBooks Payroll. Create 1099s in QuickBooks Online to send to your contractors and e-file with the IRS. This video goes over how to prepare your 1099s and where you can e-file them after January 1st with QuickBooks Online.

How to File a Return and Remit a Contribution for Paid Family and Medical Leave​

This video tutorial shows an employer how to file and pay a Paid Family and Medical Leave return in MassTaxConnect. Follow the step-by-step instructions to learn how to navigate the online system. Paid family and medical leave (PFML) is a program designed to help people in Massachusetts take paid time off of work for family or [...]

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