When you’re running a business, especially with employees, you may have encountered the terms EIN and TIN. You may also have heard about two different services: EIN search and TIN matching. While there are undeniably some similarities, too many companies see these two as the same when they aren’t. We want to ensure you have […]
1099 forms are used to report to the IRS the different types of income paid to non-employees, specifically independent contractors. They are part of various tax regulations, and failing to file them results in huge penalties. An EIN is a special business identifier used in the tax process including the 1099 fillings. It is important […]
You may be somewhat surprised if you have received an EIN and did not request it. However, there is no need to panic, as there is more than likely a reasonable explanation. Below, we’ll look into how you may be in this situation and what to do if it happens to you. Why you may […]
Businesses need to understand the differences between an Employer Identification Number (EIN), Social Security Number (SSN), and Individual Taxpayer Identification Number (ITIN) in order to remain tax compliant. These unique identifiers serve a distinct purpose, from identifying business entities to tracking personal earnings and years employed. In this guide, we will take a look at […]
We know there are several benefits to getting an EIN, so you may be asking yourself whether you need to have a registered business to get one. Here’s everything you need to know about getting an EIN, even if you don’t have an officially registered business. Do you need to be registered as a business […]