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Podcast: B2B Vault: The Biz To Biz Podcast
Episode: B2B Vault Episode 39: Breaking News - IRS & $600 Business Transactions
Description: Today's podcast talks about another tax on small and medium-sized businesses! We have seen a bunch of new taxes that are pointed directly at smaller private companies.
The current administration is making it harder and harder for smaller companies to stay competitive! In the latest announcement - if you are using Venmo, Cash App, Paypal, etc., and you are receiving more than $600 per year, those services will report that to the IRS in the form of a 1099.
So if you own a business and have funds from those transactions hitting your bank account and you...