How to Issue a 1099 the Right Way

How to Issue a 1099 the Right Way

If your business paid contractors, freelancers, or unincorporated vendors this year, you may need to issue a 1099. Though it sounds simple, the process plays an important role in how the IRS matches income across tax filings. When 1099s are missing or incorrect, the...
Distributions are a bad way to pay your salary

Distributions are a bad way to pay your salary

If your business is organized as an S‑Corporation, you (as a shareholder‑owner who also works in the business) have a key decision to make each year: how much to pay yourself as W‑2 salary, and how much to take as a distribution. It might be tempting to minimize your...
How to Choose a Bookkeeper: 7 Things to Look For

How to Choose a Bookkeeper: 7 Things to Look For

Finding the right bookkeeper can be difficult, time-consuming, and even intimidating. Many small business owners hesitate because bookkeeping involves handing over sensitive financial information to someone outside their company. We know how important it is to find a...