Day 13: What to Know About 1099-NEC & Contractors: A Simple Guide for Businesses and Freelancers

๐Ÿงพ Day 13: What to Know About 1099-NEC & Contractors: A Simple Guide for Businesses and Freelancers In today’s flexible work landscape, hiring independent contractors can be a smart move—offering agility without the long-term commitments of traditional employment. But with this freedom comes responsibility, especially when it’s time to tackle tax forms like the 1099-NEC . Let’s break down what you need to know about using this form and working with contractors, without the tax jargon overload. ๐Ÿ“Œ What Is the 1099-NEC? The 1099-NEC (Nonemployee Compensation) is an IRS form used to report payments made to nonemployees for services. It replaced the old use of Form 1099-MISC for service payments starting in 2020 . You’ll need to issue this form if you paid: $600 or more in the calendar year To an individual or business not classified as an employee For services (not products or rent) Who is not incorporated—i.e., a sole proprietor or LLC taxed as such It goes to both t...

How to Change Your Corporation’s Business Address in California

 

๐Ÿข How to Change Your Corporation’s Business Address in California

Changing your business address as a California corporation? Great! Just don’t forget: you’ll need to update it with multiple government agencies to stay compliant — not just one.

Here’s a step-by-step guide to make sure your new address is properly recorded with the California Secretary of State, the IRS, and other important state and local agencies.

Let’s break it down ๐Ÿ‘‡


๐Ÿ›️ Step 1: Update Your Address with the California Secretary of State

Every California corporation is required to file a Statement of Information (SOI) — and that’s the easiest place to update your business address.

✅ File Form SI-550 (or SI-CID, if applicable)

  • Domestic stock corporations should file Form SI-550

  • Common Interest Developments (like HOAs) should use Form SI-CID

You can update:

  • Your principal business address

  • Your mailing address

  • Your officer/director addresses

  • Your agent for service of process (optional)

๐Ÿ“Œ File Online Here:

๐Ÿ‘‰ https://bizfileonline.sos.ca.gov

๐Ÿ’ฐ Filing Fees:

  • $25 if you’re doing your regular annual filing

  • FREE if you're just updating the address between annual filings


๐Ÿฆ Step 2: Notify the IRS

The IRS needs to know about your move too — especially since they send important notices and tax documents by mail.

✅ File Form 8822-B

  • This is the official Change of Address or Responsible Party form for businesses

  • Must be signed by an authorized corporate officer

๐Ÿ—“️ Deadline:

File within 60 days of your address change

๐Ÿ“ฌ Where to Mail:

  • It depends on your state (California businesses usually send it to Ogden, UT)

  • Full instructions are included on the form

๐Ÿ“„ Download it here:
๐Ÿ‘‰ Form 8822-B (PDF)


๐Ÿ›️ Step 3: Confirm with the California Franchise Tax Board (FTB)

While the FTB often picks up changes from the Secretary of State, it’s still smart to proactively confirm your address has been updated.

๐Ÿ“ž Option 1: Call

  • FTB Business Hotline: 800-852-5711

✍️ Option 2: Send a Written Notice

Include:

  • Your business name

  • EIN

  • Old and new addresses

  • A signature from an authorized person

Mail to:
Franchise Tax Board
PO Box 942857
Sacramento, CA 94257-0500


๐Ÿงพ Step 4: Update with Other Agencies (If Applicable)

Depending on the type of business you run, you might also need to notify:

๐Ÿง‘‍๐Ÿ’ผ Employment Development Department (EDD)

If you have employees:

๐Ÿ›️ California Department of Tax and Fee Administration (CDTFA)

If you have a seller’s permit or collect sales/use taxes:

๐Ÿ™️ Your Local City or County

  • Most cities (like Los Angeles, San Francisco, San Diego) require you to update your business license (BTRC or similar) when you move

  • Check your city or county’s business tax office website


✍️ Quick Summary Checklist

✅ Step๐Ÿ“Œ Task๐Ÿงญ Method
1️⃣File Statement of Informationbizfileonline.sos.ca.gov
2️⃣File IRS Form 8822-BMail to IRS
3️⃣Confirm with Franchise Tax BoardCall or mail a letter
4️⃣Update with EDD, CDTFA, city/countyOnline or via form, depending on agency

Final Thoughts

Changing your business address isn’t difficult — it just takes a little coordination. By checking off the agencies above, you’ll avoid missed notices, penalties, or compliance headaches later on.

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