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...
by cmehnert01 | Apr 19, 2023 | Small business bookkeeping
Are you tired of poring over confusing balance sheets and income statements just to understand your business finances? If so, cash accounting may be the simple solution you’re looking for. Cash accounting records revenues and expenses based on actual cash flows...
by cmehnert01 | Apr 4, 2023 | Small business bookkeeping
It may seem odd to think of the world as a small place. However, it is amazing how connected we are despite being separated by oceans and continents. Technology today has opened up a whole new world for business owners and entrepreneurs. This is especially true...
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