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Taxes

Getting Ready for Tax Season

By | Accounting 101, Bookkeeping 101, Business 101, CEO Mindset, Taxes

Yep, it is getting to look a lot like tax season, a special time of year.  Fa La La La – perhaps we’re the only ones that jump straight to a Christmas song, did you? But in all seriousness, let’s look at a few common things that come up around this time of year with regards to tax season. First off, we do want to mention that we understand, as business owner ourselves, that getting ready for tax season isn’t sexy or fun or even remotely appealing to most people. However, what can be sexy and fun and appealing is…

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Why 1099 Processing is Important to Your Business

By | Bookkeeping 101, Business 101, Recordkeeping 101, Taxes

Oh 1099’s, let us count the confusion you bring. It’s important to understand the ins-and-outs of the 1099 so you can be compliant. We know; compliant isn’t very fun and usually brings a ton of paperwork. Don’t worry, we’re on your side! We’ll give you some info and resources to help you through. You might also think 1099’s aren’t necessary for you – so let’s go through the basics to cut through that confusion. #1 – My business is too small to worry about 1099’s This is a common train of thought, especially when a business is just starting out. …

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