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Whereas businesses have historically been able to distribute 1099 and W-2 copies and file with the IRS or SSA by March 30th, the deadline has been pushed up to January 31st this year. That’s an entire two months less of time than businesses have had in the past. Gathering that many business owners might be scrambling to meet this new deadline, Fast Casual rounded up some tips to help businesses get taxes settled in time.

For one, Fast Casual warns business owners that there will be higher fines this year for missing deadlines. According to the publication, the penalty for not filing the correct returns by the due dates is based on when the correct forms are filed. Anothing thing to consider is double checking your information to avoid making typical mistakes, like dollar amounts, name spelling and Social Security numbers.

The final tips Fast Casual offers is to take advantage of cloud-based e-file services, which streamline the filing process.

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Nick Powills

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Nick Powills

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Nick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.

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