New Credit Card Reporting Requirement Will Impact Small Businesses

New Credit Card Reporting Requirement Will Impact Small Businesses

There’s a new 1099 reporting form that looks like it may have a big impact by capturing unreported income earned by small businesses., Form 1099-K, Merchant Card and Third Party Network Payments. The form is the result of compliance reporting requirements for some credit card and PayPal payments.  By requiring compliance reporting by credit card companies … Continue reading New Credit Card Reporting Requirement Will Impact Small Businesses