Tax season is typically a stressful time for many people. It’s important not to make any tax mistakes or miss out on extra cash through deductions. Most people complete their contracted jobs from the comfort of their own home. Because of this, many independent workers started their businesses or began working as freelancers […]
All Independent Workers Need to Know About 1099-Misc Forms Read More »
What is a Cash Flow Statement? A cash flow statement is the total amount of money, both physical or virtual, transferred in and out of your business. It is a combination of information from your profit & loss statement and balance sheet. Having cash flow steadily into your business keeps your employees paid
Beginner’s Guide to Preparing a Cash Flow Statement Read More »
Starting your own business is exciting, but you must also focus on your numbers. This includes budgeting, accounting, and bookkeeping. Do you want to run a successful business? You must consider the startup business expenses below in your budget. Estimating an accurate startup cost will help you meet your business goals. Before
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COVID-19 has brought upon many scams involving unemployment and coronavirus relief funds. Americans have lost $36 billion in fraudulent unemployment payments from scammers. Small business owners—be aware of this recent unemployment scam going on! Fraudsters have been filing for unemployment with business owner’s names. Since they know that small business owners are
Fraud Alert: Avoid This Small Business Owner Unemployment Scam Read More »
Effective January 1st, the Corporate Transparency Act is bipartisan legislation designed to root out bad actors using US entities to hide illicit activities. The law requires millions of US business entities to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Existing companies have until December 31st, 2024 to file their information.