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Maximizing Travel Deductions for Small Businesses: The Power of Accurate Record-Keeping

Running a small business involves a multitude of expenses, from travel to client meetings to attending industry conferences. Did you know that many of these expenses can potentially be tax-deductible? However, it's not as simple as declaring them; the IRS requires...

Employee or Independent Contractor?

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...

CashApp/Venmo 1099-K Rules Postponed

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...

2023 Deduction Changes

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...

3 Reasons to Separate Business & Personal Finances

Why is it important to keep business and personal finances separate?  Many business owners struggle with this distinction.  Using business money to pay for personal expenses or paying for business expenses on personal accounts can really hurt your business.  Here are...

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