Steven W Seiden CPA

Steven W Seiden CPA The firm’s founder, Steven Seiden, has over eighteen years of successful experience in tax and accounting for small businesses.

When small business owners and other small-business owners come to me, I re-examine their past three years of tax returns and 82 percent of the time, I find lots of mistakes, missed deductions, overpayments and “red flags” that attract audits. These are all made by ordinary accountants who do not intimately and completely understand YOUR business. At the end of the day, that means money out of you

r pocket. Money that you could put away for your financial nest egg so you can retire sooner … money you could use for a new house, a new car, hobbies that you enjoy … money that gives you that financial security and lifestyle you deserve. You work hard, the Government shouldn’t be paid a single penny more than what it is legally entitiled to.

01/05/2014

Hi,
Happy New Year! On behalf of the entire team at Steven W Seiden CPA, I want to wish you a happy, healthy and prosperous New Year.
One of the questions that my office has been receiving in the past few days has been:
"Who should I send a 1099 to?" With the Jan 31 deadline for Form 1099's rapidly approaching, I thought it will be helpful if I shared the salient points surrounding 1099's.
Form 1099MISC is used to report compensation to those who are NOT your employees. If you paid such compensation, then you must provide them Form 1099MISC and file Form 1096 with the federal government if the following four conditions are met:
1. You made the payment to someone who is not your employee;
2. You made the payment for services in the course of your trade or business (including government agencies and nonprofit organizations);
3. You made the payment to an individual, partnership, LLC, or estate; and
4. You made payments to the payee of at least $600 during the year.
There are various penalties for not filing a 1099 or filing an incorrect one. If you are not sure whether a 1099 is required for a service provider or need help preparing 1099s, please don't hesitate to contac
us

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917-968-1832

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2475 Ocean Avenue, # 2
New York, NY
11229

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+19179681832

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