
Do you count gift cards given to employees as cash payments? Have a system for easy reimbursement for taxes when an employee is overpaid? Treat vendor payments as payroll before you receive a Form W-9? If you don't, you could be looking at serious fines from the IRS. Avoid these 10 common payroll and bookkeeping mistakes that small business owners tend to make.
Form 1099 should be issued to independent contractors and vendors who provide your business with over $600 in services. Failing to do so could lead to steep penalties.
Cash flow has a major impact on sustainability. Take a look at what happened in the early 2000s with the dot-coms, and.
Cryptocurrency has been a hot-button issue for the past year with major advances being made to blockchain technology.
Owning a small business is the dream for many Americans. When it comes to tax time, the nuances can cause somewhat of a.
For many of us, the end of a year wouldn’t be complete without making resolutions for the next one. Desperate to get.
Your company's CPA and CFO rely on the data gathered, organized, recorded, and classified by your bookkeeper to ensure.
Keeping the family business thriving through the generations is living the dream. From small local companies to vast.
AccountingDepartment.com carries professional liability (E&O) Insurance and employee dishonesty coverage. AccountingDepartment.com provides accounting services, bookkeeping services, and controller services, as well as advisory services, to businesses nationwide. We do not provide tax services, including but not limited to tax preparation, tax law, tax compliance, tax filing, and tax planning services. Please consult your CPA and tax advisors for tax consulting.
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