Accounting for Small Business, especially for any creative person I know may be your biggest stressor. Crunching numbers can get overwhelming. But without the proper preparation and tracking not having the right cash flow can be the difference between you being a thriving business and closing your doors. (more…)
With February 1st approaching, it is time for 1099 filing. There is a need for attention to details and avoidance of possible mistakes as you fill the form 1099. There are penalties for every form that you fail to send out before February 1st ends, with the penalties increasing with each passing day.
I find that the beginning of the New Year is the perfect time to do an employee record keeping check-up. With all that you do, setting aside a designated day and time to review processes and documentation may seem a luxury you cannot afford, however, scheduling a regular human resource audit can save you a headaches and penalties as the year progresses. (more…)
In follow up from Things to Keep in Mind with Independent Contractors, I thought it would be appropriate to write about 1099s because of the time of the year, 1099s are due January 31!