In this installment of 5 Good Minutes mcaConnect’s very own Chad Carnes shows how to navigate workspaces in the recently released Microsoft Dynamics AX7 and how to present those workspaces using his XBOX One controller, Surface Pro 4 and the cloud-based AX7.
Easy 1099 filing with Dynamics 365 for your independent contractors, get step-by-step instructions for Dynamics AX 2012.
The IRS requires businesses to file 1099s whenever an individual is paid more than $600 in a tax year, whether the payment is for:
- Or any other miscellaneous payment
The exceptions are that you don’t have to file 1099s for your own employees or for money you pay to another corporation.
Filing Deadlines & Penalties
You don’t want to miss a deadline in filing 1099s or sending the 1099s to your independent contractors. You also don’t want to have to do a ton of legwork and paperwork in the beginning of the year to stay in compliance with the 1099 rules.
Use Dynamics 365 to Manage Vendors
Sending out your 1099s can be a breeze if you have your vendors configured properly in Dynamics 365. Each invoice can automatically reflect the proper 1099 amount, and be automatically sent to your contractors and electronically filed with the IRS.
How to set up vendors and generate 1099s in Dynamics AX 2012.Watch the Recording
Author: Stacy Black
Stacy Black, Sr. Financial Consultant for MCA Connect, shares her tips and walks through the vendor setup and 1099 generation procedures in Microsoft Dynamics AX 2012 during this on-demand session.