Explaining why the profit number in your accounting software may differ from your bank account balance.
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Small Business Tips
Tips on how to accurately track mileage for tax deductions, including methods and IRS requirements.
Guidance on issuing 1099s for contractors paid via PayPal and understanding IRS reporting obligations.
How LLC owners should record personal paychecks for tax and accounting purposes, including salary vs. draw.
Essential tasks for new business owners, including legal, financial, and operational steps to set a solid foundation.
Understanding the threshold for reporting business income to the IRS and tax obligations for entrepreneurs.
Exploring whether your accountant needs to be in-state, considering modern digital communication and laws.
Tips for organizing your tax documents efficiently, making tax filing smoother and more accurate.
Overview of the standard mileage deduction, including rates, eligibility, and record-keeping requirements.