Today we are talking about sending Form 1099-NEC. It seems like a minor detail, but not sending 1099s can lead to serious consequences. As a small business owner, it’s easy to get distracted from sending 1099 forms to vendors and independent contractors. We can help, but we need some info from you as well. Here’s […]
Why 1099s Aren’t Optional for Small Businesses Read More »
File the Election with the IRS: Your LLC or corporation must file a form with the IRS to actually elect to be taxed as an S corporation.
Step-by-Step Guide for How to Become an S Corporation Read More »
Year-end spending can help lower your tax bill this spring. But watch out! You need to know which expenses will give you immediate tax savings and which ones might not. Tax Planning tips for your Small Business.
Smart Spending Moves for the Year-End Read More »
You might have an eye-catching website, a professional-looking brochure, and a stream of social media followers, yet customers still seem to hesitate when it comes to taking the next step. Even when you have many of the right pieces in place with marketing, it’s not always easy to turn attention into action. Often, the missing
Turn Interest into Sales: Call to Action in Small Business Marketing Read More »
When you make charitable donations, you want to get the maximum benefit for tax purposes. You may wonder if you should run those donations through the business. Will you get extra tax benefit?
Should Charitable Donations Be Made by the Business or the Owner? Read More »
Hiring an accounting firm is a big decision for any small business. Every dollar counts when you’re juggling expenses and trying to keep the business growing. When you hear that accounting fees might be tax-deductible, that sounds like a win. But with tax laws constantly changing, it’s easy to get confused about what you can
Are Accounting Fees Tax Deductible: Separating Fact from Fiction for Small Businesses Read More »
Understanding Beneficial Ownership Information Reporting for Local Businesses Local small businesses need to be aware of a new requirement for businesses: Beneficial Ownership Information (BOI) reporting. This article will clarify what BOI reporting means, who needs to file, and some important exceptions to keep in mind. What is BOI Reporting? BOI reporting requires corporations and
Understanding BOI Beneficial Ownership Information Reporting Read More »
By Elizabeth Stroup As a small business owner, dealing with unemployment claims is something you may eventually face. This article walks through the essential facts that small business owners should know when handling an unemployment claim. Who Qualifies for Unemployment Benefits? Before responding, it’s crucial to understand whether the former employee qualifies for unemployment benefits.
Managing Unemployment Claims: Essential Tips for Small Business Success Read More »
If you’re reading this, chances are you’ve poured your heart and soul into building your company. You’re navigating the challenges of entrepreneurship. But even the most experienced owners can run into trouble, especially when it comes to bookkeeping. In my years as a CPA, I’ve seen plenty of smart, hardworking business owners make the same
The Big 5 Bookkeeping Mistakes You Can’t Afford to Make Read More »
