In 2008, the passage of the Housing and Economic Recovery Act included provisions intended to provide the IRS with more immediate and comprehensive access to business sales records. In particular, the law required banks and other payment providers to begin filing Form 1099-K in 2012, which lists year-end gross payments made to merchants for gift cards, debit and credit cards, and e-commerce sales.
In 2013, the ramifications of this new reporting became clear, and if you're a small business owner, you should stay aware of this information as you implement effective bookkeeping services.
At AccountingDepartment.com, we've developed a bit of a football bug. From our competitive fantasy football league to a.
There comes a time in your business when you must either sink or swim. This will determine whether or not you’re in it.
Last week AccountingDepartment.com co-Founders Bill Gerber and Dennis Najjar, CPA were privileged to attend a brand new.
I sat down, under the guidance of our marketing department, to write a piece on “The Trend Toward Outsourced Accounting.
If you are using QuickBooks Online for your accounting and bookkeeping, you should learn about the Company Snapshot.
Every bookkeeper knows that when a company has adequate cash flow, it provides multiple opportunities to lower.
