Wednesday Nov 15, 2023

Ep 45 ~ What to expect when filing your W-2’s and 1099’s this year

  1. Check your W-4 information - make sure have all required information on all current and past 2023 EE’s and update if needed
    1. This is also a good time to update your EE files with any new information or missing info incl. I-9’s
  2. Beginning January 2024, the IRS has issued final regulations for filing paper return and you now have to file electronically if you have only 10 or more W-2 OR 1099’s to file.
    1. W-2’s SSA.gov/BSO = you will have to create a new login through either ID.Me or  Login.gov
    2. I use track1099 to file my 1099 forms  
      1. Can either email or print and mail to contractors
      2. Make a list of all your contractors and make sure you have the info needed 

If you're ready to get serious about learning church finances, you can join the Bookkeepers Inner Circle which is my paid private coaching community for all things church finances where you will have access to me each month for a LIVE Q & A session along with monthly training videos. To check it out go to, www.bookkeepersinnercircle.com and join today! 

xo,

Michelle

Next Steps:

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https://churchfinances.ck.page/6steps    biz owners

https://churchfinances.ck.page/guide   everybody

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