After failing to pay your taxes, failing to file the appropriate returns is the second easiest way to incur the wrath of the IRS. Your reporting obligations go beyond issuing W-2s to your employees. Many other outgoing payments should be reported on Form 1099.
Occasionally, we get asked to help companies understand where and why they should allocate budget to improve.
As an independent contractor, it's important to make sure your books are in order. One of the main reasons for this.