I hope you aren’t sick of me talking about 1099s yet, because we still have more to talk about!  Let’s talk about the difference between a 1099 contractor and a W2 employee.  Many small businesses hire additional help as contractors because they either don’t want to...

It’s 1099 season for us, so we’ve been closely monitoring any changes and making sure our clients are reporting to the best of their ability.  In recent years, business owners have no longer needed to send 1099s to those individuals/small businesses that they paid via...

As the end of 2022 continues to fly by, I’m getting updates on some of the changes that will be happening in 2023.  I will keep you updated as I come across new rules, but here are the ones I’ve heard about so far.  We keep up with these rules and make sure that we...

For the love of tax-deductions, please keep your receipts!  Write notes on them if you need to.  The IRS will NOT accept bank or credit card statements as substantiation for expenses if you are audited.  You have to show the business purpose of the expense.  If you...

If you are one of our clients, you’ve probably gotten some questions in our portal about needing W-9 forms from vendors.  I wanted to clarify on some of the rules, so whether you are a client or not, you’ll be prepared for January 31st when 1099s are due. What is a...

To all my fellow small business owners - I’m sure you’ve been hearing chatter recently about the new MarylandSaves retirement program that the state is rolling out and requiring participation.  So, I went ahead and did my research and I’m bringing you the quick and...