W9 Form: Request for Taxpayer Identification Number and Certification

 

1657641Are you prepared to file 1099 forms for payments made to your vendors in the course of business?  Have you collected the W9 forms so that you can file the information in January of next year?  In order to know which vendors are subject to receiving a 1099, you should have them complete and return the Request for Taxpayer Identification Number and Certification form W9. Continue reading “W9 Form: Request for Taxpayer Identification Number and Certification”

7 Tips That Will Save You Money on Bookkeeping

7 Tips That Will Save You Money on Bookkeeping

bookkeeping-615384__340Over the years we’ve assisted many small business owners with their bookkeeping and learned how to do so efficiently and effectively. Today we want to share a few tips on how you can help your bookkeeper streamline your process and decrease your fees. Continue reading “7 Tips That Will Save You Money on Bookkeeping”

What Small Businesses Need to Know About Sales Tax and Shipping

What Small Businesses Need to Know About Sales Tax and Shipping

postal-32383_1280I recently read a post on the Avalara website (this company has software that can help with your sales tax compliance) and I thought I’d share their information with you. As states continue to change rules on what is and isn’t taxable, it’s good to keep up with new information regarding issues related to the collection/remittance of sales tax. The blog states: Continue reading “What Small Businesses Need to Know About Sales Tax and Shipping”

Tips for Deducting Charitable Contributions

Tips for Deducting Charitable Contributions

59336632 - td tax deduction written on notebook page with red pencil on the right

It’s the holiday season and time of year when you might be thinking of making additional donations to churches or not-for-profit organizations to reduce the tax due on your return. Here are a few things to keep in mind. Continue reading “Tips for Deducting Charitable Contributions”

Using Financial Reports to Help You Strategize for Success

Using Financial Reports to Help You Strategize for Success

Accounting.

Is your bookkeeping up to date? If so, are you using the information available to you to plan the success of your business? According to Merriam-Webster®, the definition of the word strategize is to make a plan for achieving a goal.  Continue reading “Using Financial Reports to Help You Strategize for Success”

Raising Money for Your Small Business 

money (1) bagIf you are a new business owner or an entrepreneur raising money for your firm, there are plenty of borrowing options available. If you need to improve your credit or if your business does not have credit yet, there are still options for you to raise funds you need. Here are a few ways to generate capital for your company.

Continue reading “Raising Money for Your Small Business “

The Home Office Deduction – What Qualifies? 

The Home Office Deduction – What Qualifies? 

strategise-865006_1920If you use part of your home for business purposes, then you are likely eligible for a home office deduction. This deduction applies to any property providing basic living accommodations with the exception of areas exclusively used as motels, inns, or similar establishments. Today we are providing an overview of the basic requirements to qualify.

Continue reading “The Home Office Deduction – What Qualifies? “

7 Business Tax Deductions to Consider 

7 Business Tax Deductions to Consider 

59336632 - td tax deduction written on notebook page with red pencil on the right

As the year starts winding down to an end, we recommend business owners start looking over their expenses for the year for reporting purposes and determine the best way to reduce their tax liability. If you are a business owner, you may be entitled to some (or all) of the following deductions.

Continue reading “7 Business Tax Deductions to Consider “

Try Crowd-funding to Help Fund Your Business

dollar-1362244_1920Successfully running a business requires cash flow. Having enough cash to pay upcoming expenses is critical to maintain operations. Whether you are just starting your company, or have been in existence for some time, we recommend you consider raising capital through crowd-funding if you are finding it difficult to be approved for a loan. Continue reading “Try Crowd-funding to Help Fund Your Business”