An invoice is an important document a business uses to help collect payments from a client. They include the cost of the products...

Recessions are a natural part of the economic cycle and are unavoidable. On average, they typically last about a year but can cause...

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...

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...

It is essential to reimburse yourself and your employees the right way. Having an accountable plan in place that follows IRS regulations...

Commingling Business and Personal Accounts Let's face it; it is not good business practice to blend business and personal finances. Not...

It can be tricky to decide what company structure is best for your small business. With corporate tax rates on the rise, many small...

Is your bookkeeping disorganized? Typically this occurs due to having insufficient time, an amateur bookkeeper, or failed efforts. By...

Over the past few years, there have been several changes and updates regarding the reporting rules for 1099 forms. In 2020, the IRS...

It is vital to provide your bookkeeper with all the necessary information and documents they need; so they can adequately record...