@Kim07 right now the only thing that has changed is that all third party payment providers have to report aggregate transactions over $600. The only thing that square is doing is reporting card transactions on a 1099-k form. I haven't seen anything about reporting cash transactions you record in the system, but those would be subject to any irs audit just like any business record you have. The best protection you have is good record keeping and to make sure to pay any taxes owed on time.
Donnie
Multi-Unit Manager
Order Up Cafe/Tombras Cafe/Riverview Cafe/City County Cafe
Roddy Vending Company, Inc.
www.OrderUpCafe.com
Using Square since July, 2017
Square Champion
Breaker of Things
"Good judgment comes from experience, and experience comes from bad judgment."
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