As the year-end approaches, the 1099 season will be here before we know it. With all the rules, forms, and deadlines, filing 1099s correctly can become a serious time commitment. But accurate 1099 filings aren’t just about checking a box—they’re essential to keeping your business compliant and avoiding costly penalties. At Beyond, we know that […]
Category Archives: Tax
22
Oct
Oct
As the year comes to a close, many business owners are asking themselves key questions: Will I meet my profit goals? How much cash will I have on hand at year-end? Most importantly, is there still time to make adjustments that can improve my financial standing? For S-Corp owners in particular, these questions take on […]
23
Apr
Apr
Here at Beyond Balanced Books, we aim to go further, or beyond, traditional bookkeeping. We actively look for ways to help our clients create the best outcome for their business. One way we do this is by providing fixed asset management services. What do fixed asset management services entail? And why should you be interested […]
09
Apr
Apr
Receiving a tax notice might raise concerns, but as a small business owner, staying composed and taking specific steps can help navigate this situation smoothly. Here’s a simple five-step guide on what to do when you receive a tax notice: Step 1: Don’t panic It’s really important to stay calm. Take a moment to carefully […]
06
Feb
Feb
Gathering your documents for taxes may not be your favorite task of the year, but fear not – with the right information in hand, you can make the process way smoother for both you and your tax accountant. Here’s a guide to the reports you should gather to have what you need for your taxes. […]
12
Sep
Sep
You just received your business tax return. You are distressed because you owe taxes. Every year tax time is stressful because you are scrambling to come up with the money for the taxes owed. You promised yourself this would not happen again, but you do not know how to change things. Let’s discuss the positive […]
14
Mar
Mar
You often hear about depreciation in reference to your taxes. What exactly is it though? Is it important? How does it affect your business? In this article, we will discuss what depreciation is and why should you care about it. Our goal is to make this mysterious accounting term easier to understand. What is depreciation? […]
10
May
May
Understanding journal entries can be confusing. Your accountant or bookkeeper has probably let you know that these are essential for your accounting. Why do you need journal entries? What are the components of a journal entry? When would you use a journal entry? We will discuss these questions and provide examples of when journal entries […]
12
Apr
Apr
You had your business taxes prepared and you learned that you owe business taxes. You feel stressed about paying your taxes on time but know that you will find a way to pay them one way or another. One thing you know for sure is that you do not want to feel this way next […]
15
Feb
Feb
Adjusting journal entries, or AJEs, is an accounting term you might have heard thrown around before and never quite understood. You may have even received AJEs from your tax accountant in the past, had no idea what to do with them, and ended up shoving them in a desk drawer or filing them away somewhere. […]