An employee is someone who works for your business, and you pay them payroll and you pay payroll taxes on that money – about 10% employer payroll taxes on each
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
A lot of people have been asking me about the CARES Act and data about rollover for donations. Here is what I found so far: “Previously, deductible gifts to public
They are related, both in the financial field, and there is overlap, which is why it gets confusing. Generally, an accountant has an accounting degree, and often they do taxes and
Yes, absolutely. One-hundred percent. If you do your own books because you are not ready to hire a bookkeeper or because you like doing bookkeeping, it is still a good
Some bookkeepers file taxes. Some bookkeeping firms file taxes. On my team, I have a certified tax preparer who can do personal tax filings, LLC tax filings, and S-Corp tax filings. He
QuickBooks Online is a subscription service. If you start with the most inexpensive one, QuickBooks Simple Start, it costs about $25 a month. You own your information for as long
I always think that a business owner’s time is worth thousands of dollars an hour in potential income. Now, this, of course, depends on where you are with your company.
I might be a little biased because I’m QuickBooks ProAdvisor certified, but I think that QuickBooks Online is the best software for bookkeeping. While, I “grew up” using QuickBooks Desktop,