Each year we prepare hundreds of 1099s for our clients. As we’ve discussed in previous blog posts, the IRS requires businesses to file 1099s each year for specific vendors and payments. Often, our clients are very surprised when we prepare their 1099s for the first time. Generally, we will ask about payments to vendors that […]
Category Archives: Help
29
Oct
Oct
It’s time to begin thinking about year-end! Can you believe it? What do you see as your greatest accomplishment this past year? With the year-end approaching, we often get asked several questions on how to get ready. We thought this year we would provide a short Q&A list to help prepare for Year-End. Why do […]
16
Jul
Jul
A common question from our clients is how to determine if a worker should be considered an employee or a contractor. Typically, this issue comes up in the process of setting up a new business. Let’s explore some differences between employees and contractors to help you classify your workers properly. Why it matters Employees can […]
Challenge Accepted, General Business, Help
Challenge Accepted: Where to Find Good Advice For Your Business [Part Six]
08
May
May
This is the sixth part of our Challenge Accepted series. Today we are talking about how to find good advice for your business. It can seem simple these days to get a plethora of advice. All you have to do is type your question into Google and it pulls up tons of advice! Challenge There […]
12
Mar
Mar
During tax time each year, you find that are usually stressed. You want to save for taxes, but you are struggling to do so. If this is your situation, you are far from alone. As a business owner myself, I used to dread this time of year because of taxes. Adopting one regular habit changed […]
27
Nov
Nov
We are reaching the home stretch – only a few more weeks left in the year! Even though the end of the year is close, it’s not too late to schedule a meeting to talk with your CPA or tax professional about taxes. “But taxes don’t have to be paid until the Spring.”, you might […]
14
Nov
Nov
We have already mentioned a lot of interesting things that you can do with Xero Files such as attaching a W-9 to a contact, and organizing your documents. Today we are going to focus in on how you can attach images of checks through Xero Files and how this can help you automate even more […]
01
May
May
If you want a better understanding of your banking activity, the Bank Reconciliation Summary is a very useful tool to use. We use this report every day while we are working within Xero and we want to share with you how useful it can be too. Where do you find the Bank Reconciliation Summary? In […]
05
Apr
Apr
We all are looking for ways to get paid faster. Did you know that Xero has a feature that allows you to automatically send your invoices to your customer’s Xero file as a draft bill? This feature is called the Xero to Xero Network. Invite a Xero User to Your Xero Network In General Settings>Connect>Xero […]
12
Dec
Dec
One of the most common methods of showing appreciation to staff is by issuing year-end bonuses. Your employees work very hard, and as a business owner, you want to reward their efforts. While paying a bonus to your employees may sound simple, both federal and state agencies have rules regarding the taxability of these types […]