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.
After failing to pay your taxes, failing to file the appropriate returns is the second easiest way to incur the.
Want to go beyond standard account-based tracking in QuickBooks? Expanding into class tracking provides you with a.
Occasionally, we get asked to help companies understand where and why they should allocate budget to improve.
In our prior post, we talked about how to find an outsourced accounting service you can trust. But you may still be.
As an independent contractor, it's important to make sure your books are in order. One of the main reasons for this.
Cash flow forecasting can make or break your business. Business owners need to know how much cash they have on hand.
