1099-NEC The 1099 threshold has been a topic of discussion for a while in our post-COVID era. It feels as if each administration changed what its predecessor did about the reporting requirements. The One Big Beautiful Bill made changes to the 1099-NEC filing requirements. These changes went into effect on January 1, 2026. This article is to clarify what your reporting obligations are if you paid non employees compensation during 2025. Not complying can result in hefty IRS civ

163,765 US businesses closed as of August 31st due to the pandemic, according to Yelp . They also reported that of those businesses closed, 60% or them were permanently closed. 300 of those businesses were right here in Louisville, KY with the restaurant and retail industries being hit the hardest.