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.
Keeping the family business thriving through the generations is living the dream. From small local companies to vast.
The accrual concept of accounting is the only method that is recognized within GAAP principles, the generally accepted.
Topics: accounting strategies, accounting
Many businesses start with rather haphazard accounting practices, especially when it comes to accounts payable and.
For some business owners, the task of finding good bookkeeping services to handle their daily business needs can be on.
Your business life is easier when you deal with projects in a waterfall methodology. You follow a linear course with.
Topics: accounting strategies
There’s an awful lot to be said for “in person” kinds of folks. These are people who’d just as soon go out of their.
