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Why It’s Crucial to File Your 1099-NEC and 1099-MISC Forms On Time
If you work with independent contractors, freelancers, or service providers in your business, you're likely required to file 1099 forms...

Stephanie Peterson
May 232 min read


How to Reduce Your Taxes in 2025: Smart Strategies for Small Business Owners
Tax season doesn't have to be a source of stress. With proactive planning and expert guidance, you can minimize your tax liability and...

Stephanie Peterson
May 12 min read


Federal Tax Law Changes for 2025: What You Need to Know
As we progress through 2025, significant changes in federal tax laws are underway, impacting individuals, businesses, and retirees...

Stephanie Peterson
Apr 293 min read


Why Hiring an Experienced Bookkeeper with an Accounting Degree Is a Wise Business Move
Running a business comes with a lot of moving parts; managing inventory, handling customer relationships, growing sales, and of course,...

Stephanie Peterson
Apr 233 min read


California Tax Changes in 2025: What You Need to Know
As we navigate through 2025, several significant tax changes have taken effect in California, impacting individuals, businesses, and...

Stephanie Peterson
Apr 223 min read


The IRS Increases the Business Mileage Rate for 2022
Due to the rapidly rising cost of fuel, the IRS just raised the business mileage rate from 58.5 cents per mile to 62.5 cents per mile for...

Stephanie Peterson
Jun 14, 20221 min read


Important Tax Changes for 2022
The Standard Tax Deduction Rises in 2022 All taxpayers are eligible to take the standard tax deduction unless they elect to itemize their...

Stephanie Peterson
Mar 8, 20223 min read


New Tax Laws for 2022 - Venmo, PayPal, Cash App, Etc.
Due to the American Rescue Plan, which was established last year, payment app providers like Venmo, PayPal, CashApp, etc. are all now...

Stephanie Peterson
Feb 17, 20222 min read


Important Cryptocurrency Tax Rules (Bitcoin & Etc.)
Do you own any cryptocurrencies? If so, it is wise to stay on top of tax laws and regulations that may impact your crypto investments....

Stephanie Peterson
Feb 13, 20223 min read


Is Your Business in Need of an Accountable Plan?
It is essential to reimburse yourself and your employees the right way. Having an accountable plan in place that follows IRS regulations...

Stephanie Peterson
Feb 9, 20222 min read


3 Signs Your Books Aren't Ready for Tax Season
You Have Transactions Not Categorized If your books contain uncategorized transactions, your financial reports will not be accurate. ...

Stephanie Peterson
Nov 14, 20212 min read


Would Being an S Corporation Benefit Your Business?
It can be tricky to decide what company structure is best for your small business. With corporate tax rates on the rise, many small...

Stephanie Peterson
Sep 15, 20212 min read


What Vendors Should You Send 1099-NEC & 1099-Misc Forms To? (2021)
Over the past few years, there have been several changes and updates regarding the reporting rules for 1099 forms. In 2020, the IRS...

Stephanie Peterson
Sep 9, 20213 min read


Important Tax Dates for Small Businesses
Estimated Tax Payments for Individuals The IRS's General Rule States - In most cases, you must pay estimated taxes (Form 1040-ES) if both...

Stephanie Peterson
Jan 30, 20204 min read


7 States with Absolutely No Income Tax
With the cost of living on the rise, many Americans are relocating to more affordable places and are looking to seek out ways to save...

Stephanie Peterson
Sep 17, 20192 min read
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