Mar 3, 2025 | GTM Business Blog isolved
Your browser does not support the audio element. No business wants to receive an audit notice from the IRS. While some audits are random, many are triggered by inconsistencies, red flags, or errors in tax filings. By following best practices in tax compliance and...
Mar 22, 2021 | GTM Business Blog isolved
The Internal Revenue Service and the Treasury Department announced last week that due to ongoing financial hardships resulting from the pandemic, the federal 2020 individual tax filing and payment deadline has been extended to May 17, 2021. The previous deadline was...
Sep 16, 2020 | Consulting Services
The IRS has released form 1099-NEC (Non-Employee Compensation) for reporting money a business pays to independent contractors. This new form will replace box 7 on the 1099-MISC form. Most businesses will have to file two separate forms, as employers will still need to...
Sep 1, 2020 | GTM Business Blog isolved
On Aug. 8, 2020, President Donald Trump ordered the U.S. Department of Treasury (the Department) to defer collecting certain payroll taxes from wages earned between Sept. 1 and Dec. 31, 2020. On Aug. 28, 2020, the Internal Revenue Service (IRS) issued Notice 2020-65...
Mar 16, 2020 | GTM Business Blog isolved
House of Representatives Passes Coronavirus Relief Bill The U.S. House of Representatives overwhelmingly voted to pass a coronavirus relief bill – the Families First Coronavirus Response Act – in the early morning hours of Saturday, March 14, 2020. President...
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