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1099-K Threshold Drops to $5,000: What Every Small Business Owner Needs to Know

Not Your Dad's CPA 17,978 3 months ago
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More changes are here for 1099-K reporting! The threshold for 2024 dropped from $20,000 to $5,000. Supposedly it will be $2,500 in 2025, and finally down to $600 in 2026. What does that mean for you? Take a look! 👉 Join the RESELLER TAX ACADEMY Waitlist here: https://www.resellertaxacademy.com/ 1) SUBSCRIBE to learn how to get a handle on your business! https://www.youtube.com/channel/UCV9ns78ekwpojACIGmXXDnw?sub_confirmation=1 2) FREE GUIDE: "Business Starter Guide for Resellers" https://notyourdadscpa.com/business-starter-guide-for-resellers/ 3) COME JOIN THE FREE GROUP! Accounting for Online Sellers free Facebook group: https://www.facebook.com/groups/accountingforsellers/ 4) READY TO DITCH THE TAX ANXIETY? Reseller Tax Academy: https://www.resellertaxacademy.com/ Bookkeeping Basics for Resellers: https://notyourdadscpa.com/bookkeepingforresellers/ Reseller Finance eBook: https://notyourdadscpa.com/reseller-finance/ 5) LET'S CONNECT! Follow for tips on Instagram! https://www.instagram.com/notyourdadscpa/ Facebook: https://www.facebook.com/notyourdadscpa Website: https://www.notyourdadscpa.com 6) NEED TAX HELP? Join my signup list here: https://notyourdadscpa.com/tax-season/

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