One of the most confusing parts of business taxes that I keep running into with clients are the 1099-MISC/NEC forms. I’ve met so many online entrepreneurs who had no idea they even needed to do anything with a 1099-MISC/NEC form, let alone know what they are. So let’s break down everything you need to know … Read more
When you start your own business, do you have to have a separate bank account? The short answer: yes. But let’s dive into this a little bit more, plus let’s look at why you need to have a separate bank account for your business, instead of using your personal bank account to receive your business … Read more
With the introduction of new technologies and financial reporting requirements, many small business owners feel like they’re drowning in a sea of paperwork. Do you feel like your business is falling apart because of the amount of work that needs to be done? Do you have no idea how to prioritize what needs to be … Read more
Whether you decide to hire an accountant to file your small business’s taxes or you try to file your tax return on your own, there are some things you need to consider. This can be a daunting task, but following a few simple steps can make the process much easier. In this article, you will … Read more
The thing that gets ignored the most in small businesses is the finances. You have so many other things to do in your business and you wear all the hats, that keeping up with your finances is nowhere near the top of your mind. As long as the money keeps coming in, does it really matter?!! … Read more