Key Takeaways

• Form 1099-K includes the annual gross amount of all reportable payment transactions made through a payment card or third-party payment network.

• Third-party network settlement organizations generally include banks or other organizations that process credit card transactions for a merchant.

• These organizations also include services like PayPal, Venmo, and CashApp, which settle payment card transactions.

• Online auction payment facilitators and marketplaces that connect independent sellers with customers, such as eBay and Etsy, or gig-worker platforms like Uber and Lyft also generally act as third-party settlement organizations.

Get every dollar you deserve with unlimited tax advice from experts who know self-employment taxes inside and out. Whether you’re a freelancer, independent contractor, small business owner, or have multiple streams of income, TurboTax Self-Employed can help you uncover the industry-specific deductions you qualify for. Plus, you can get up to an additional $20 off when you file with

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BY Meghan is lazySeptember 22, 2022, 2:24 PM

Lunch at some of the Water Street Boston restaurants, as seen in August 2022. (Photo by David L. Ryan—The Boston Globe/Getty Images)

Businesses of all sizes and across all industries are prioritizing data-driven decisions—making professionals in fields like data science and business analytics in high demand. A survey of corporate recruiters found that 86% planned to hire graduates with a master’s degree in business analytics in 2022, according to the Graduate Management Admission Council. And companies are paying six-figure salaries to these types of new recruits; in 2022, the median salary for master’s degree graduates in business analytics in the US is $105,000, the GMAC survey reports.

But you don’t necessarily need to pursue a full master’s degree program to gain exposure to this fast-growing field. Now more than ever, MBA grads must have skills beyond the traditional business degree,

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Wisconsin Women’s Business Initiative Corporation (WWBIC) and the Hispanic Collaborative hosted a presentation and an information session with local Latino business owners at WWBIC South Central Office in Madison on Sept. 26 introducing a new initiative called mercadoMAD that will help Latino businesses in Madison and surrounding areas buy and sell goods or services online.

“mercadoMAD is a marketplace for Latino-owned businesses. It’s basically a way for them to learn the value of E-commerce and experience it at very low risk,” Andrea Mendez Barrutia, director of community engagement at the Hispanic Collaborative, tells Madison365. “Our mission is to strengthen and expand Latino-owned businesses by providing an easy on-ramp and adoption to E-commerce. Our vision is E-commerce in every Latino-owned business.”

The idea for the marketplace came about during the COVID-19 pandemic and was implemented successfully with Milwaukee-area businesses through mercadoMKE.

Andrea Mendez Barrutia, director of community engagement at the Hispanic
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The future of working from home: 3 business professors weigh in

Working from homePhoto/Getty Images

Working from home has become the ‘new normal’ in numerous industries.

By Kennedy RyanSept. 27, 2022

With “work from home” becoming the new norm, some companies are trying to lure workers back to the office. Others argue that the return isn’t necessary.

What are the benefits to online modalities of work? Is there anything lost in company culture as a result? Is working from home as effective as in person office environments?

BrandeisNow asked three Brandeis International Business School faculty members three different questions to get their perspective on the ‘new normal’ of office cultures. Benjamin Gomes-Casseres ’76, Peter A. Petri Professor of Business and Society, Daniel Bergstresser, associate professor of finance, and Ahmad Namini, professor of the practice of business analytics, share their thoughts.

Ben Gomes-Casseres

Ben Gomes-Casseres ’76, Peter A. Petri Professor of Business and Society

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What successful online businesses have in common.

Photo by Wes Hicks on Unsplash

A profitable online business can literally change your life. But like every great achievement, making it happen depends on certain factors. Thankfully, a lot of them are within your control.

But before we talk about what these critical success factors are; let’s look at some of the incredible benefits of having an online business, especially today.

For starters, the internet gives you access to a global market; which means, you can work from anywhere and exchange value with anyone in any part of the world.

In addition, the operating cost of an online business is relatively low. Unlike a brick and mortar store, you can run your internet based business without the need to pay rent and associated maintenance expenses. There’s also the potential to automate your business and generate income passively, even while you sleep.


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