1099 is a form used to report certain types of non-employment income to the IRS. There are different types of 1099s, and which one is used depends upon the type of income received. It is important that the correct form is sent to the IRS because they will match it again your income tax form…
Did you know that 82% of small businesses fail because of cash flow issues, but only 54% of small businesses have a budget? It ultimately makes sense. If you can’t afford payroll, taxes, rent, etc., you will not stay in business very long. To make informed decisions about your company, it is essential to know…
As your small business grows, you will need additional help to get things done. Since you can’t continue to wear all the hats all the time and hope to maintain quality products or services, you need to hire someone. What that someone looks like can vary by need or work type, but the IRS has…
Business owners can really benefit from hiring a professional bookkeeper to prepare their accounts and document daily financial transactions. They offer a look at where your business stands financially, which can be highly beneficial, especially when growing your business. Here are the Top 5 Reasons to Work with a Bookkeeper if you’re not currently working with…
What is a task manager, and how can you use it in your business? As small businesses grow, especially in virtual office environments, one of the most significant issues that come up is task management. When multiple people are working on a project, it is essential to have project information, tasks, digital assets, and other…