When deciding to issue a Form 1099 to an individual who performed services for your business, it’s just as important, if not more important, to know the consequences of your decision than to know all the rules behind what constitutes a 1099 vendor. If you choose to issue a Form 1099 to an individual but […]
Piemonte & Liebhauser LLC is a full-service business management and tax preparation firm dedicated to providing unparalleled support and first class service for entrepreneurs, performing artists, small business owners, athletes, and high net worth individuals.
The firm provides business management and bookkeeping services, as well as cash management, budgeting and financial reporting for individuals, trusts and commercial enterprises. We also offer a full suite of custom services such as real estate, investment and insurance management, business plan and financial projections preparations, and international business support.
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I constantly get the question from people that are self- employed “Do I have to make estimated payments?” The answer is a resounding YES; unless you like paying penalties and interest. That’s right boys and girls penalties and interest. If you do not make estimated payments throughout the year you are considered underpaid. Therefore, you […]