by cmehnert01 | Jul 11, 2023 | Small business bookkeeping
Generally Accepted Accounting Principles (GAAP) are the standard framework of guidelines for financial accounting used in the United States. These accounting standards, developed and maintained by the Financial Accounting Standards Board (FASB), provide the foundation...
by cmehnert01 | Jun 27, 2023 | Personal household bookkeeping
The budgeting tool You Need a Budget or YNAB promises to revolutionize how you manage your finances. According to YNAB, the average person saves over $600 within the first two months and over $6,000 within the first year using the app. Users also report life-altering...
by cmehnert01 | Jun 12, 2023 | Small business bookkeeping
Form 1099 is the form used to report payments to individuals not covered by a payroll tax or withholding program. “Contractors” or independent self-employed persons receive this report for their income. Companies must send a W2 to employees on the...
by cmehnert01 | May 30, 2023 | Small business bookkeeping
When hiring workers, businesses have to choose between W2 employees and independent contractors. This is a crucial decision that affects the costs, benefits, risks, and opportunities for both the business and the worker. According to the Internal Revenue Service,...
by cmehnert01 | May 10, 2023 | Personal household bookkeeping
If you care about your personal finances, you understand how crucial it is to monitor your budget and make informed judgments about your financial security and well-being. However, managing funds can be demanding and time-consuming, especially if you juggle multiple...
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