Infographic for Form 1099K from Outright

Outright.com is an online business financial resource that has displayed an innovation and expertise ahead of the competition in their particular industry. Online small business owners are being introduced to a new tax change with form 1099K which affects $385 billion dollars in taxes for the online sales business industry this year. Countless small business owners are wondering specifically does this means for them. Outright has answered their call for an answer with a wonderful online infographic for the form 1099K on their website.

The tax form 1099K is being introduced to the small businessman with a bang. Via the Housing Assistance Act of 2008 the government is attempting to close a tax gap which could account for an estimated $385 billion. Small businessmen that use online sites such as Amazon or Etsy which have produced 200 transactions along with $20,000 in sales will receive a form 1099K. The tax form 1099K will come from their third party network, sites like PayPal, reporting the total income submitted to the IRS on their behalf.  Outright has taken this opportunity to show the ins and outs of the form 1099K and the effect on the finances of a small business owner.

Outright.com also provides forums and other resources that are extremely useful. These are platforms where Outright.com users can come together to share extremely useful information, ask questions and get detailed answers to common inquiries shared by all users. Outright is business accounting online made easy.

Outright.com is an online service that can boast each of their clients can be assured their company business financial data is safe and secure by using the identical measures found with online banking. Additionally, there are currently over 100,000 business customers that use Outright.com for their online accounting needs at this time. Finally, it is extremely easy to get the process started. There is no trial period, no credit card required and no complicated account set up. Outright.com is free to use. Get to where your company should be, ahead of the competition, by using Outright.com for your business accounting needs.