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Bimonthly Newsletter

Volume 2, Issue 5 | September 2022

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Our office will be closed on Monday, September 5 in observance of Labor Day. 

What businesses need to know about reporting nonemployee compensation and backup withholding to the IRS

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When a business hires an independent contractor, the employer is generally not responsible for withholding income taxes, Social Security, or Medicare taxes from their compensation. However, by law, business taxpayers who pay nonemployee compensation of $600 or more must report these payments to the IRS.



Nonemployee compensation reportable on Form 1099-NEC is subject to backup withholding if a payee has not provided a Taxpayer Identification Number to the payer or the IRS notifies the payer that the payee provided a TIN that does not match their name in IRS records.



For more information on Nonemployee Compensation and Backup Withholding, click here.

IRS online account makes it easy for taxpayers to view their tax info anytime

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Did you know that the IRS offers an online platform for taxpayers to check their account information including balance, payments, tax records and more?  



Visit the link below to login or register for your online account.  It is the most simple and secure way to get your information fast!



IRS Online Account

Other Important Announcements & Deadlines

⭐Dental Fee Surveys

Dental Clients -  Completed survey forms are due back to us by a final deadline of 9/15!  Contact Allison G. with any questions.

⭐Tax Extension Deadline

October 17th is the tax extension deadline for all individual returns.  Be sure to file before then to avoid interest and penalties!

⭐Year End Letter

Help our analysts to update your accounting records more efficiently and timely this year! You will be receiving your year end letter with any requested items from us by 9/30!

⭐Staff Spotlight⭐

Leanne Brame

Account Analyst

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Leanne has been with PMHCC for 7 years.  She provides monthly accounting services as well as compiling financial statements for her clients.



Leanne graduated from East Carolina University in 2001 with a Bachelor’s Degree in Business Administration where she was also a 4 year soccer scholarship recipient. She worked for a CPA firm for 7 years before joining PMHCC in 2015.  A native of Raleigh, Leanne is married and has a son and a daughter. She enjoys spending time with her family and friends and taking trips to the NC and SC coasts.

"I love being able to help my clients in any way that I can. My wonderful colleagues and the overall environment here at PMHCC make it a great place to be!"

Helpful Resources

Client Referral Program

Contact your consultant today to learn how you can earn $500 cash for referring a friend or colleague to us! *Reward contingent upon referee maintaining PMHCC services for 3 months minimum.

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Professional Management Healthcare Consultants, Inc

Raleigh Office

9207 Baileywick Road

Raleigh, NC 27615

Phone (919) 876-9711

Wilmington Office

(By Appointment Only)

1213 Culbreth Drive, Suite 116

Wilmington, NC 28405

Phone (910) 798-6000

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisors. Before making any decision or taking any action, you should consult a professional advisor who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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