small business owners

Congress examines new 1099 impact on operators

The impending rule would require companies to file a Form 1099 on every business with which they spend at least $600 a year.

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PIB TIP: PROFIT AND LOSS STATEMENT. Your settlement statements and receipts should be sorted into like categories to add up for a total at month’s end. Then your operating information should be incorporated into a consistent format called a profit and loss statement, which should include how many miles you drove, your revenue, your costs and how much money you made during the month. The Partners in Business program is produced by Overdrive and the ...

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