Hello, As we approach year-end and begin preparing for tax reporting season, this is a reminder of the rules around Form 1099-NEC for payments made to contract workers for services performed in 2025. If you need help preparing and filing 1099- NEC forms, please let us know. It’s a service we have provided […]
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Tax preparation ≠ Tax planning Shh. Don’t tell anyone… I want to let you in on something. It’s a little bit dirty, icky, and scandalous. But here’s the thing—there’s so much confusion about what tax accountants really do. I spoke with several self-employed small business owners this week who thought
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Smart Cash Flow Management for Small Businesses Cash flow management isn’t optional—it’s survival. Nearly 20% of small businesses fail in the first year, and half don’t make it to year five. Poor cash flow is often the reason. Here’s how to keep your small business running strong: 1. Know Your Breakeven Point Understand when your
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QuickBooks Online Tip: Clean Up Customer Balances Your customers are the backbone of your business. But messy balances in QuickBooks Online can make things confusing. That’s why a regular review of the Customer Center is so important. In QuickBooks Online, you can quickly see: Unbilled income Overdue invoices Open credits You can also run an
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4 Questions To Ask A New Accountant Running a business is hard work. And as a small business owner, you already juggle bookkeeping, payroll, taxes, and more. That’s why choosing the right accountant is so important. Here are 4 questions to ask before hiring an accountant for your small business: What services do they
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You’ve got 7 days left – or maybe 37 – until your tax deadline…. September 15th is your filing deadline if your tax filing status is an LLC filing as a partnership, or an S-Corp. October 15th is the filing deadline for LLCs, or an individual if you filed an extension. Let us help you
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Virtual Bookkeeping: How to Hire the Best Bookkeeper Online What Is Virtual Bookkeeping (And Why You Might Need It) A virtual bookkeeper handles your books remotely. What do they do? They can be down the street or across the country. It doesn’t matter, because either way, they have anytime, anywhere to access your Quickbooks
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Bookkeeping Cleanup: From Chaos To Clarity Messy books cause messy decisions. Think of it like Netflix. Imagine logging in and instead of organized categories, you just see a random dump of movies. No descriptions. No order. Pure chaos. That’s what messy bookkeeping feels like. You can’t find the info you need. You can’t trust
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Got your kids on payroll yet? When you hire your under-age-18 child, you shift taxable income from you to your child. Why does hiring family members matter? Because if you’re single with taxable income of $40,526 or higher – or married with $81,050 or higher – you’re in the 22% (or higher!) federal tax bracket.
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What Tax Deductions are You Missing? Donating money is a great thing. But do you really want to donate to the IRS? I mean sure, I guess the IRS needs help… But they already have 74,000 employees and a budget of $11 billion. So I think they’re doing ok. Better than a lot of other
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