BLS Insights

Discover the depth of BLS knowledge and information.

Month: December 2020

COVID-19 Relief Bill – What we know so far

December 28, 2020

On Sunday, December 27, President Trump signed into law $900 billion in COVID-19 Relief and $1.4 trillion in government funding. The over 5,500-page bill combines financial relief for individuals, businesses, and nonprofits and includes many new provisions that are important for our clients and friends to be aware of. The full legislative text can be … Continued

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Form 1099-NEC Additional Clarification

December 10, 2020

Earlier this week, we sent a communication to our clients regarding Form 1099 and W-9 Reporting Requirements. From that communication, we received questions specific to the Internal Revenue Service’s introduction of Form 1099-NEC for use beginning with tax year 2020 to report non-employee compensation. We wanted to share the following information with you regarding the … Continued

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