Sovos, the always-on compliance company, today announced the launch of 1099 Professional, a new solution designed to simplify tax information reporting for small and medium sizes businesses (SMBs).

This tax reporting change will be implemented in phases. It could be delayed again, but freelancers should plan ahead.

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

If you pay independent contractors $600 or more annually, you must report those payments to the IRS on Form 1099-NEC. The process is fairly simple if you only need to send one or two, but it gets ...

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