Peter Richardson, Author at The Financial Wire

Peter Richardson

Peter Richardson is a finance writer based in Raleigh, North Carolina, specializing in tax and small business financial topics. He earned his degree in accounting from North Carolina State University and began his career working at a local accounting firm, where he focused on tax preparation and financial reporting for individuals and small businesses. He now writes for finance and small business websites, producing clear, practical content that helps readers better understand taxes, expenses, and everyday financial decisions.

IRS phases in lower 1099-K reporting threshold as gig economy payments face new scrutiny

The IRS spent years trying to force major 1099-K reporting threshold changes in how payment apps and online marketplaces report transactions to taxpayers. What began as a push to lower the Form 1099-K reporting threshold to $600 ended in a sharp reversal. That is because Congress restored the long-standing federal standard of more than $20,000…

Mortgage applications rise as rates stay near 2025 lows, but buyer relief remains limited

Mortgage application activity moved higher in early December as borrowing costs stayed near their lowest levels of the year, offering buyers and refinancers a modest opening after a housing market that has spent much of 2025 under pressure. The gain was real, but it was not the kind of broad-based surge that would signal a…