A 1099-MISC form is used to file information on compensation paid to various individuals and entities in the previous calendar year. This form is NOT to be used for wages and salaries paid to employees. Due Dates:1099s are to be mailed to your vendors and sub-contractors, post-marked by January 31st each year. The IRS portion of the 1099-MISC must [...]
“I HATE ACCOUNTING ! ” Not many business owners tell me how much they ‘love’ accounting. In fact, it’s usually quite the opposite. People who own a business typically are in love with their trade and often loath the numbers part of running the business. The hard truth is, you simply can’t minimize the importance [...]
Reward Your Employees’ Work Efforts Many employers feel a paycheck is thanks enough. But a simple word of appreciation can go far toward motivating employees. Recognition makes them feel successful and often leads to them working harder. And understanding what motivates your employees can help you with retention and make your business a great place [...]
Over the past month I have helped a few new businesses customize their QuickBooks to track what they want to track, to look the way they want it to look and to learn how to utilize the program in a manner that is truly beneficial for their company. QuickBooks is great about making things simple and [...]
With the new tax year under way and the 2010 tax returns due just around the corner, it is a great time for contractors of all types to take a closer look at their business practices where independent contractors, payroll and other day-to-day operations are concerned. Doing so can protect your company in the event of a tax [...]
Good morning, We are coming in to a couple weeks of celebrations and short work weeks. In honor of the reason for the season I choose not to say a lot about business today. I do encourage you to continue planning for 2011 and cleaning up what 2010 has left on your desk. We will start 2011 with [...]
Good morning and happy December 13th! 19 days ’til 2011 Most of us do our spring cleaning at home in the spring. Many of us fail to ever consider doing a spring cleaning at the office or fail to follow through. An efficiently run business must include a good clean-up and clean-out fairly regularly. I am in [...]
It is December 6th & before you know it, it will be December 31st & year end. Have you prepared a list of financial & operational “to dos” to make sure you are ready when the last day comes? You are coming into 2010 tax deadlines, renewals, etc. Let us start you off with a few items [...]
May we begin by hoping that you have enjoyed your Thanksgiving holiday and are now gearing up to get back into the swing of things. As we pass into the month of December and work to stay focused with our business tasks through the next holiday season we must add bookkeeping to the list of priorities. [...]
As we prepare for a week of family, friends and good food, we also must remember all of the people and things that have added or add to the value of our lives. We are called to stop this week and think of them and give thanks. We also hold a level of responsibility to give back in [...]
