Category: Financial Literacy
What Is a 1099 Form? A 1099 form is a tax form used to report income that isn’t paid as wages, salary, or tips. Small businesses use 1099s to report certain payments made to vendors, contractors, and service providers throughout the year. These forms help the IRS...
12 Days of Accounting Tips
Business gifts can be tax-deductible, but there are strict IRS limits. For clients, you can deduct up to $25 per person annually. For employees, tangible gifts under de minimis value aren't taxable income, but cash equivalents like gift cards are fully taxable....
Spending just 5 minutes per week reviewing your bank accounts and credit cards can prevent fraud, avoid costly fees, catch forgotten subscriptions, and keep your budget on track. Set up automatic alerts and use mobile apps to make monitoring effortless—think of it as...
Red Flags Your Bookkeeper is Struggling