New and Expanded Reporting Requirements That Apply to All Businesses

Not only am I appreciative of their capabilities in business valuation but also of their desire to be honest and straight forward.

Jim Myers

Because of their expertise in estates and trusts, I have total confidence that all filings are correct and that they can handle any complex situation.

Jennifer White, Attorney

Their attitude, knowledge, and ideas are the driving forces to our success.

Kim Falcon, President, Graphica

I deem the services of Fitchitt, Benedict & Clark to be a vital piece to the success of my business.

Kristine Donovick, Kristine Donovick Interior Design, Inc.

They are adept at providing financial statements that stand up to buyer scrutiny, tax saving strategies, valuation services and advice on how to best structure a transaction to meet their clients objective.

Paul Keller, ASG Partners, A Merger and Acquisitions Advisory Firm

Their knowledge, capabilities and sense of urgency were truly tested and greatly appreciated.

Larry Reed, DVM, Covington Veterinary Hospital

We have been able to implement these practices into our weekly and monthly focuses, giving us a clear picture of where we want to go.

Randy Haworth, Surftech Finishes Co., Inc.

FB&C has handled to my fall satisfaction not only the tax returns, but also was an outstanding support in finalizing the estate problems of my late husband, and was very professional in the transaction regarding my financial matters abroad.

Dorothee Maas

We have been very satisfied with our association with Fitchitt, Benedict & Clark, PS., Inc. They provided us with timely reports that satisfied our needs at a reasonable cost. I would recommend this firm to any who have challenging valuation projects.

Harold Warren, Aiken & Sanders Inc. PS

Fri, 06/11/2010 - 09:14 | by Mary Prukop

In 2011, there is a new 1099-K aimed at tracking credit card payments and receipts. Financial firms that process credit or debit card payments will be required to send their clients and the IRS an annual form documenting the year's transactions for any merchant that has at least 200 payment transactions totaling $20,000 or more.

In 2012, all business payments or purchases that exceed $600 in a calendar year will need to be accompanied by a 1099 filing. This 1099-MISC applies to all buisness payments or purchases including payments to the giant retailers.

New and Expanded Reporting Requirements That Apply to All Businesses

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