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Avoiding Penalties is Key to W-2/1099 Reporting.(Reviews for Your Firm)
CPA Technology Advisor, The, October, 2009
Avoiding Penalties is Key to W-2/1099 Reporting
BY ISAAC M. O'BANNON, TECHNOLOGY EDITOR
Despite all of the advances made in business accounting technology over the past decade, many small businesses and household employers still lack a system that provides year-end wage and information reporting. Whether this is because the company uses "shoebox" bookkeeping practices or is running a program without those capabilities (or with one but not the other), the fact remains that each year these businesses face the time-consuming and penalty-laden tasks associated with W-2 and 1099 compliance.
And although these two tasks are distinctly separate (one is payroll, the other AP), they remain tied together, at least in the minds of those charged with...
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