Murrieta & Temecula small business guide from Superior Virtual Bookkeeping LLC If your business pays independent contractors, 1099 season can feel confusing; especially when rules change. In 2026, there’s a major update business owners need to understand: the federal reporting threshold for many information returns increased from $600 to $2,000 (with inflation indexing starting later). This article breaks down what’s new, what’s not, and the simplest way for Murrieta, Temecul