Payroll

[James Leone]

Again, very good feedback.

James Leone



alspach at math.okstate.edu wrote:

>In addition to payments to actual employees,
> in the U.S. a business must also report to the IRS and state
>various payments to unincorporated entities, e.g., independent
>contractors, on 1099's. Being able to generate the information and print
>it on forms for the independent contractors and the IRS each January is
>a real convenience.
>
>The computation part is simple:
>The vendor needs to be tagged as a candidate for a 1099 and his
>EIN/SS number recorded. Some of these have thresholds, e.g., $600
>for payments to an independent  contractor for services. At the
>end of the year the software just needs to add up the payments
>per vendor eligible;
>check that it exceeds the reporting threshold; if so, print the
>individual form in the required number of copies; add the amount
>to the summary for the tax agency. 
>
>I would not try to do the whole range of these, but concentrate
>on the 1099 miscellaneous. Most of the others are for investment
>and banking operations and not likely to be needed by a gnucash
>user.
>
>Dale Alspach
>_______________________________________________
>gnucash-user mailing list
>gnucash-user at lists.gnucash.org
>https://lists.gnucash.org/mailman/listinfo/gnucash-user
>  
>

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