So, you think you can dodge your income tax responsibility by failing to provide your Social Security Number to a company who used your services? Let’s talk a little more about what happens when you fail to provide the required information to the Internal Revenue Service. There are two sides to this problem. Problem 1 – The company doesn’t want to issue a 1099 because they want to pay the person “under the table.” Well,…
Read MoreTax time is probably not your favorite time of year, especially if you have to pay the government your hard-earned dollars. Here are five tips on how we can make it just a bit less painful. 1. Have patience. Practicing patience will go a long way when you’re dealing with taxes. Keep in mind that for tax professionals, the months of January through April are as crowded and hectic as a shopping mall in December.…
Read MoreHappy new year! January is the month of new beginnings and a perfect time to strategize about projects that will boost your business prosperity. Here are five ideas to get you thinking about new beginnings for your business in 2018. 1.Learn new technology. Every year, tens of thousands of new online software applications are invented that will save us time and money. Learning at least one new app will keep us sharp and hopefully improve…
Read MoreMission statements are not just for large corporations. As an owner of a small business, you can benefit from going through the exercise of writing your mission statement. It can not only re-connect you with your “why,” it can also communicate an important part of your business to all of your stakeholders. What Is a Mission Statement? A mission statement answers the question “What impact will you have on the world?” It’s your core purpose,…
Read MoreYear-end is just around the corner, and that means a couple of administrative tasks are necessary to take care of bookkeeping and tax chores. Here are a couple of tips to make year-end go smoother. Cleaning up Things will go a lot smoother if you reach out to your vendors and employees and get their help to update your records. Send a notice to all employees, asking them to verify their address so they will…
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