With tax season right around the corner, it’s time to start thinking about closing your books out for the year and preparing all your tax documents. One of the required tax documents you may need to send out is the 1099-Misc. While this can be...
Your financial reports can be far more useful than just a report on the state of your business. You can use these reports to manage your business, diagnosis what’s going right and wrong, and set goals for how to grow and add to your bottom...
When can you use bad debt to reduce business income? Even when you take the customer to court and you still don't get your money, there's a way to make lemonade from this lemon of a customer. This post explains what bad debt is, and...
On November 25, 2018, the IRS issued proposed regulations, which indicate that gifts made before January 1, 2026, will not be clawed back to the estates of decedents dying after December 31, 2025. The issuance of these proposed regulations strengthens a tremendous opportunity for the...
