New Form 1099-NEC

SUGGESTED

What, if anything, do I need to do for the reporting of Independent Contractor(IC) pay on  the new form 1099-NEC that will be required to be filed in 2021? Currently the IC's are set up in the Other tab for Box 7 of form 1099. Will Aatrix be able to use the Box 7 selection to automatically apply these vendors to the new form?

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    SUGGESTED

    Stevenra-

    At this time we are aware of the changes and are in the progress of working with Aatrix to make the changes that need to be made in Sage BusinessWorks to accommodate the Form 1099-NEC.    I would recommend to follow Knowledge Base article #103125 "How is Sage BusinessWorks going to handle the changes to the 2020 1099? (103125)".  We will be updating that article as more information becomes available.  In addition, I would also suggest to sign up for alerts and notifications from Sage City as well - article #95513 - "How can I get updates about product releases, alerts and notifications (95513)"

    Sincerely,

    Coleen