Independent Contractor Status vs. Employee
One of the most common errors a business can make is not having the correct status for a worker. The IRS is clear on what differentiates...
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Stephanie Peterson
Jun 14, 20221 min read
The IRS Increases the Business Mileage Rate for 2022
Due to the rapidly rising cost of fuel, the IRS just raised the business mileage rate from 58.5 cents per mile to 62.5 cents per mile for...
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Stephanie Peterson
Sep 21, 20212 min read
5 Common Bookkeeping Mistakes You Must Avoid
Commingling Business and Personal Accounts Let's face it; it is not good business practice to blend business and personal finances. Not...
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Stephanie Peterson
Sep 15, 20212 min read
Would Being an S Corporation Benefit Your Business?
It can be tricky to decide what company structure is best for your small business. With corporate tax rates on the rise, many small...
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Stephanie Peterson
Sep 9, 20213 min read
What Vendors Should You Send 1099-NEC & 1099-Misc Forms To? (2021)
Over the past few years, there have been several changes and updates regarding the reporting rules for 1099 forms. In 2020, the IRS...
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Stephanie Peterson
Sep 8, 20212 min read
Information Bookkeepers Need to be Efficient and Effective
It is vital to provide your bookkeeper with all the necessary information and documents they need; so they can adequately record...
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