---
title: "1099s and Year-End Books Cleanup for NJ Small Businesses"
description: "Year-end cleanup for small businesses: books reconciled through December, contractors sorted against the new $2,000 1099-NEC threshold for 2026 payments, W-9s…"
url: "https://mcc-solutionsnj.com/bookkeeping/1099-and-year-end-books-cleanup"
---

Year-end, for small businesses

# Get the books and 1099s done before February 1

For payments made in 2026, the 1099-NEC threshold rose from $600 to $2,000. The forms are due February 1, 2027. We clean up the year, sort out who gets a 1099, and hand your accountant books that are ready for taxes.

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## What changed for 2026

- **1099-NEC:** required for contractors you paid $2,000 or more in 2026 (it was $600). Due February 1, 2027. ([deadline details](/bookkeeping/deadlines/1099-nec-and-w-2-due-date))
- **1099-K:** payment apps and processors file only above $20,000 and 200 transactions.
- Payments by card or through apps are generally reported by the processor on a 1099-K, not by you on a 1099-NEC.

## What we do

- Reconcile every bank and card account through December 31
- Clear uncategorized transactions and fix miscategorized ones
- List every contractor and total what you paid each, by payment method
- Collect missing W-9s before the deadline crunch
- Prepare 1099-NECs for those at $2,000 or more, for your review
- A year-end package for your accountant: statements, reconciliations and the 1099 list

## The calendar

November and December: W-9s and reconciliation through November. First week of January: close December. By mid-January: 1099s to you for review. February 1: filed and sent.

[Catch-up bookkeeping](/bookkeeping/catch-up) · [1099 preparation](/bookkeeping/1099-preparation)

## Questions

**Do I still send a 1099 to a contractor I paid $1,500 in 2026?**

Not for 2026 payments, under the new $2,000 threshold. Keep their W-9 and records anyway, and confirm unusual cases with your accountant.

**When are 1099s due?**

February 1, 2027 for 2026 payments, because January 31 falls on a Sunday.

**Do you file my taxes?**

No. We get the books and 1099s ready and hand your accountant a clean package. They prepare and file the tax return.

## Beat the February rush.

Get a quote[Call (908) 444-6373](tel:+19084446373)