Business Accounting

Keeping your books in order is key to running a successful business. Learn how to do it right with tips on managing debt, tax obligations, and more.

1099 NEC vs. 1099 MISC
You may have noticed that independent contractor payments are now reported on the tax form 1099-NEC rather than the 1099-MISC. What prompted this change? Here's everything you need to know about this new informational IRS form.
November 27, 2023 · 3 min read
W2 vs. 1099-NEC: Which Does My Business Have to Issue?
Should you file W2s for employees or 1099-NEC forms for independent contractors? You might need to file both.
November 20, 2023 · 3 min read
What Is the Self-Employed Health Insurance Deduction?
The self-employed health insurance deduction can help offset some of the costs of paying out-of-pocket for health care coverage. Find out who can take the deduction, what it includes, and how to claim it.
November 20, 2023 · 3 min read
Which tax services can help my business succeed?
Small business requirements for tax services vary based on the size and nature of your business. Here are a few you should consider.
November 20, 2023 · 3 min read
What Is Section 179?
Section 179 is a relatively small clause in the IRS tax code that can potentially yield big savings on equipment purchases. Understanding how to maximize the deduction is key.
November 16, 2023 · 4 min read
What Are Prepaid Expenses?
Why are prepaid expenses considered assets? Prepaid expenses are recorded as an asset on a business's balance sheet because they signify a future benefit that is due to the company.
November 16, 2023 · 3 min read
Does your business need an enrolled agent or a CPA?
Learn how to choose the best tax professional for your company.
November 15, 2023 · 3 min read
What does exempt mean? Why it matters for your business
Businesses don't have to pay overtime to exempt employees, but every employee doesn't qualify for exempt status. Find out who qualifies and what that means for your business.
November 15, 2023 · 2 min read
Bookkeeping options for time-starved startups
You've started your business; now you have to manage the finances. Should you hire a bookkeeper, outsource everything, rely on software alone, or do something else?
November 15, 2023 · 3 min read
What Is a W-9 Form, and When Do I Need One?
The taxpayer information on a W-9 is used by a business to report to the IRS on payments made to independent contractors and other vendors. Should you be filling out a W-9 or W-4? It depends on whether you're an independent contractor or an employee.
November 14, 2023 · 3 min read