Have you seen the 1099-NEC form? Maybe you saw it and wondered: What is the 1099-NEC form for? Should I have been filing this all along? What about the 1099-MISC? We are here to shed some light on the changes that this form has brought to the 1099 filing process. In 2020, the IRS introduced […]
The beginning of the year is a busy time for business owners. It’s also the most stressful. Most business owners want to ensure they have accurate records before they provide them to their tax professional. But where to start? We’ve provided a handy checklist to help you. This checklist should give you a basic outline […]
Updated April 27, 2020 “I love deadlines. I like the whooshing sound they make as they fly by.” – Douglas Adams I have to agree with my good pal Doug here – keeping track of deadlines is hard! For some business owners, it’s a full-time job. You have project deadlines for customers, payroll deadlines for […]
The year is coming to a close and we are sure that you have many things on your mind. As you look forward to what next year will bring, it is also a good time to look back and think about what happened in your business in the past year. More specifically, it can be […]
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 […]
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 […]
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 […]
It seems like there are three types of people out there when it comes to year-end and procrastinating. Which one would you classify yourself as? Uber prepared – You have been preparing for year-end all year long! You have a checklist of what you need to do and everything is tidy and organized, just like […]
We are almost at the end of 2018! We just wanted to provide some year end reminders of a few things to do at the end of the year. Write down the odometer reading on the vehicles you use for business. This is needed in determining what percent you used your vehicle for business and personal […]
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 […]
