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.
Your company's CPA and CFO rely on the data gathered, organized, recorded, and classified by your bookkeeper to ensure.
Every kind of business will eventually acquire new equipment and capital assets to continue its operations —.
Topics: bookkeeping services, accounting tips, tax rules
When a growing business decides to convert into a corporation, it faces a critical choice. Should it file as a standard.
In our prior post, we talked about how to find an outsourced accounting service you can trust. But you may still be.
