by Maya Weinreb | Sep 24, 2020 | Bookkeeping, Contractors
When you are paying an independent contractor (not an employee) and you paid them more than $600 in that calendar year, you are required to issue them a 1099 by Jan 31 of the following year.1099s have various federal and state guidelines. For instance, California has...
by Maya Weinreb | Sep 17, 2020 | Bookkeeping
Every business owner should know which financial reports a business owner should look at to monitor cash flow, profitability, and overall financial health. The reports that I would recommend looking at, and the main report that you’re going to want to use on a...
by Maya Weinreb | Sep 10, 2020 | Corporations
After starting a business, many owners overlook bookkeeping and financial systems, which can lead to problems as the company begins to grow. If you’re unsure what to do after starting a business, the first step is getting your finances, bookkeeping, and structure set...
by Maya Weinreb | Sep 3, 2020 | Tax Deductions, W-2
Most people assume there are many tax deductions for W-2 employees, but federal rules actually limit the types of work-related expenses you can claim. As a W-2 employee, there is pretty much nothing deductible.The laws changed in 2018, and there were things that you...
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