KELLER CPAs

Certified Public Accountants & Business Advisors
(208) 887-9541 2361 S. Titanium Pl, Ste# 100
Meridian, ID 83642
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Keller CPAs invites you to a FREE “QuickBooks Essentials” class!

This class will help you discover several areas in QuickBooks that may lead to overpayment of taxes, increased audit risk, and general QuickBooks frustrations.  This class is designed to eliminate QuickBooks headaches for the business owner and the bookkeeper.  Both are cordially invited to attend. This class is normally $79.

If you are ready for someone to turn to when you have questions sign up today!

Seats are limited and these classes fill up quick so register now. Please contact Robb at robb@kellercpa.net for class dates.

IRS + New 1099 Rules = Horribly Bad Idea

The IRS just keeps getting more and more efficient and making things easier for taxpayers… NOT!

Anyone renting a house to someone else is now responsible to send 1099’s to anyone who does work for them on the home.  For example:

  • Have a plumbing repair?  …prepare to send out a 1099 to the plumber
  • Hiring a property management company so you don’t have the hassle of a rental?  …prepare to send out a 1099 to the management company
  • Having the carpets cleaned for a new tenant moving in?  …prepare to send out a 1099 to the carpet cleaner

 

Just wait – it gets better…

Anyone who has a business will now be required to send out a 1099 to anyone they pay money to in the course of their business…  What does that mean? 

  • Going to Office Depot for supplies?  …prepare to send out a 1099
  • Hiring someone to do a roof repair?  …prepare to send out a 1099
  • Buying materials from a supplier?  …prepare to send out a 1099

 

Now look at it from the other side…  Anyone who writes a check to you in the course of your business will be required to send YOU a 1099. 

  • Cleaning someone’s carpets?  …prepare to receive a 1099 from every business you deal with
  • Selling supplies or materials to someone’s business?  …prepare to receive a 1099 from every business you sell to

 

Bottom line is, you will now be required to track every dollar you spend and send a form to almost every vendor you deal with and receive a 1099 in return from almost every business you do work for.  Lots more red tape and paperwork for no additional benefit… Good job IRS!

Certified Public Accountants & Business Advisors – Keller CPA - Serving Boise, Meridian, Eagle, Kuna, Nampa, Idaho and beyond
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