Stephanie PetersonJun 23, 20222 minoutsourcingIndependent Contractor Status vs. Employee One of the most common errors a business can make is not having the correct status for a worker. The IRS is clear on what differentiates...
Stephanie PetersonJun 14, 20221 minBusiness Mileage RateThe IRS Increases the Business Mileage Rate for 2022Due 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 PetersonSep 21, 20212 minoutsourcing5 Common Bookkeeping Mistakes You Must AvoidCommingling Business and Personal Accounts Let's face it; it is not good business practice to blend business and personal finances. Not...
Stephanie PetersonSep 9, 20213 minaccountingWhat 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...