Right about now business owners should be working on closing their books for 2023. These 10 end-of-year bookkeeping tips will help you get your small business records up-to-date for the whole financial year, with the goal of being able to calculate your income tax obligations accurately. Pro tip: Financial records should be maintained throughout the […]
Ten year-end bookkeeping tips every business owner should know! Read More »
This year, the IRS plans to finally start implementing its new 1099-K reporting requirement for anyone earning income via third-party payment apps such as PayPal, Venmo, Cash App or Zelle. Click the link below to read the article IRS Update: What Venmo, PayPal, Zelle, and cash app users should know about their 2023 taxes
IRS rule changes this year for 1099-K Read More »
Financial Crimes Enforcement Network (FinCen), a division of the Department of Treasury, launched a new filing requirement for business owners called the Beneficial Ownership Information Report, to gather information about who ultimately owns and controls companies doing business in the US. See the bulletin here for the details.
US Dept of Treasury bulletin Read More »
