As the mid-October/November timeframe approaches, it’s essential to kickstart your vendor file preparations for a successful 1099 season. Why begin now? The primary goal is to eliminate late-night headaches. One crucial task is validating Employer Identification Numbers (EINs). By taking this step in advance, you’ll spread out the workload, reducing the risk of errors. Starting […]
Although not all businesses need new EINs when they start a new company in another state, the same cannot be said for LLCs. If you’re considering relocating your existing LLC to a different state, there’s no need to obtain a new EIN. You will, however, need to update information associated with your company like the […]
In the fast-paced world of finance and tax management, efficiency and precision reign supreme. For those in the accounts payable or accounting industries, tax season brings with it the formidable challenge of preparing a multitude of 1099 forms, where the tiniest error can have significant repercussions. This is where the powerful tool of batch matching […]
When it comes to starting and running a partnership, there are various administrative tasks to tackle, and one of the essential items on your checklist should be obtaining an Employer Identification Number (EIN) for your partnership. As a partner in your company, you must ensure that you are up to date with all the legal […]
If you run a business or are investigating ways to navigate the IRS tax system, you may be asking yourself, “How many EINs can I have?”. The short answer is that one EIN is allowed per legal business entity. This means if you have a company with multiple business entities, you can have as many […]
When it comes to filing tax returns with the IRS, there are several pieces of information the IRS requires depending on the capacity under which you are filing. You can get one tax ID number (TIN) per entity, however, there are various types of TINs that each serve different purposes, so it’s important that you […]