Currently, third-party networks that process payments—banks, PayPal, and the like—must provide Form 1099-K to merchants with more than 200 transactions that totaled more than $20,000. Under the American Rescue Plan Act of 2021, the threshold drops to $600 in 2022 and beyond. This aligns the threshold with the one used for payments to independent contractors receiving Form 1099-NEC. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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It's important to take care of ourselves and take steps to nourish ourselves--body, mind and soul. We may have to do this in different and creative ways now that many of us are staying at home. It's still important that we take time for ourselves. #selfcare #Health