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It depends on the structure of the firm, if it is incorporated or not, whether the payer is required to send a 1099. However to be safe, many companies will send a 1099 regardless. There is no penalty for sending a 1099 if it's not required (assuming of course that it's otherwise correct).
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Why would one need the services of a tax consulting firm?
Tax consulting firms help reduce capital tax burdens. They also help customers maximize their tax benefits as well as reduce the amount they pay tax legally.
What kind of services does a typical consulting firm offer?
Consulting Firms offer a range of services, from a team of experts in a specific field for a fee. Their services include - Finance, Legal services, Information Technology, Management, Human Resources and Hospitalitly Services.
What services do public accountants offer in addition to accounting?
In addition to accounting and auditing, public accounting firms provide other services, such as tax advisement and management consulting.
How are pension funds administered?
While many fund sponsors hire outside consulting and investment firms to assist with investment of their pension reserves, most also have fund managers in-house, or within their organization.
Whole salers are firms that sell driectly to the consumer?
Retailers are firms that sell directly to the consumer, wholesalers are the firms that supply the retailers goods to sale to the consumers.
