Tax

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25 10, 2019

2019 End of Year Tax Checklist for Money Saving

By | 2019-10-29T12:16:42-07:00 October 25th, 2019|Tax, Uncategorized|0 Comments

The end of the year can definitely creep up quickly! That's why we've made this 2019 end of year tax checklist to aid you in your end-of-year close-out. You can download this post as a PDF checklist by clicking here. Review your bookkeeping. If it’s not done, complete it and then review it. Look [...]

11 03, 2019

What You Need to Know About Estimated Tax Payments

By | 2019-03-11T12:56:02-07:00 March 11th, 2019|Tax, Uncategorized|1 Comment

Anyone whose taxes are not sufficiently withheld, or anyone who has income that is not subject to withholding taxes are liable to make estimated tax payments. A payment made towards your taxes from an estimate you have made about your earnings for the year is an estimated tax payment. Failure to complete these payments [...]

5 02, 2019

6 Critical Tax Procedures You’re Forgetting

By | 2019-02-05T18:28:42-07:00 February 5th, 2019|1099, Accounting, Blog, Business Advice, Cashflow, Cloud accounting, Featured Slider, Monthly GAB, new business owner, Tax, tax refund, taxes, The Tax GAB, Uncategorized|Comments Off on 6 Critical Tax Procedures You’re Forgetting

In the beginning process, there are a lot of parts of business ownership that can be easily forgotten. Don’t let taxes be one of those forgotten elements! Here are SIX important tax procedures to keep in mind as you start your business. Keep good records of your purchases and statements before it comes time [...]

3 12, 2018

Independent Contractors and Employees: How They’re Different

By | 2018-12-03T03:56:59-07:00 December 3rd, 2018|1099, Accounting, Billing, Blog, Business Advice, Income, IRS, Monthly GAB, new business owner, New employees, Our Services, Small Business GAB, Starting a new business, Startups, Tax, tax refund, taxes, The Tax GAB, time to hire|Comments Off on Independent Contractors and Employees: How They’re Different

As your business grows over time you will probably want to expand and hire people for different roles. Luckily, there are many options available for companies who need to find talented workers. As an employer, there are two main types of workers: employees and independent contractors. What’s the difference you ask? For a new [...]

8 10, 2018

How to Fill out a 1099

By | 2018-10-08T18:52:53-07:00 October 8th, 2018|1099, Accounting, Billing, Business Advice, Financial, Income, IRS, new business owner, Our Services, Tax, taxes|Comments Off on How to Fill out a 1099

In a previous post, we discussed who gets a 1099, and now you need to know how to fill out a 1099. Documents like this can be intimidating at first glance, but when you break them down it is quite simple. Here is our guide, box by box, of how to fill out a [...]

10 09, 2018

Who Gets a 1099?

By | 2018-09-10T17:08:13-07:00 September 10th, 2018|1099, Accounting, Business Advice, IRS, new business owner, Tax, tax refund, Uncategorized|Comments Off on Who Gets a 1099?

1099's have proven to be a point of confusion for many clients, so we’ve compiled a list of all the people you need to send a 1099 as a point of reference. Feel free to use this blog as a reference as your prepare to send these out in just a few short months. [...]

7 08, 2018

Tax Checkups: Why They’re Important

By | 2018-08-07T17:06:36-07:00 August 7th, 2018|Accounting, Business Advice, Cashflow, Our Services, Tax, tax refund|Comments Off on Tax Checkups: Why They’re Important

Tax checkups are necessary. Just like a beloved vehicle, you need to periodically inspect your tax system to make sure it is operating properly. Knowing that there has been a significant tax reform this year, it is especially important that you are conducting tax checkups. Why is it important? One aspect of your taxes [...]

22 06, 2018

Got a Letter from the IRS? Don’t Panic.

By | 2018-06-22T23:35:58-07:00 June 22nd, 2018|Blog, Business Advice, IRS, Our Services, Tax, Uncategorized|Comments Off on Got a Letter from the IRS? Don’t Panic.

If you received an envelope from the Internal Revenue Service (IRS) that does not contain a refund check, your heart rate likely increased. Before you fret, remember that most of the issues in these letters can be dealt with simply and painlessly. There are a number of reasons the IRS might send you a [...]

7 05, 2018

The Dangers of Mixing Personal & Business Finances

By | 2018-05-07T18:57:37-07:00 May 7th, 2018|Accounting, Blog, Business Advice, Cashflow, Financial, new business owner, Small Business GAB, Starting a new business, Startups, Tax|Comments Off on The Dangers of Mixing Personal & Business Finances

The mixing of personal and business finances is especially common in the beginning stages of business. It is something that you should work to separate as soon as possible. Mixing personal and business finances is dangerous.  This makes it hard to see what your cash flow in the business is, [...]

10 04, 2018

Crash Course on Cryptocurrencies + Taxes

By | 2018-04-10T22:44:01-07:00 April 10th, 2018|Accounting, Blog, Business Advice, Financial, Tax, time and money savers|1 Comment

The world has become more and more digital, which has made cryptocurrencies all of the rage. Cryptocurrencies are generally utilized for transactions by techies and have a comparable value in real currency or replace real currency. These virtual currencies can be purchased with or exchanged into U.S. dollars, euros, and other real or virtual [...]