by Admin | Mar 3, 2022 | Entrepreneurial
For several years now, the IRS has required payments made to merchants through various marketplaces, payment processors (credit & debit cards), and third-party settlement organizations (TPSOs) to be reported on Form 1099-K. The purpose being to uncover merchants...
by Admin | Oct 22, 2021 | Business Taxes, Entrepreneurial
The Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and workers’ and customers’ fears of contracting the illness resulted in businesses closing or temporarily cutting back and laying off or furloughing millions of...
by Admin | Oct 12, 2021 | Business Taxes, COVID-19, Entrepreneurial
Cash flow has always been a challenge for restaurants, and before COVID-19 changed everything there were thousands of articles written about the importance of forecasting, streamlining overhead, and controlling inventory. But more than a year-and-a-half into the...
by Admin | Sep 20, 2021 | Entrepreneurial
Learn how a passion for business at an early age resulted in a thriving accounting & consulting firm that is eager to help small businesses move forward with making smart financial and business...
by Admin | Jul 26, 2021 | Business Taxes, Entrepreneurial, Individual Taxes
A taxpayer who is in the business of providing family day care in their home may deduct the ordinary and necessary expenses of their business. The two primary deductions include the business use of their home and the cost of providing meals and snacks to children in...
by Admin | Jul 23, 2021 | Business Taxes, Entrepreneurial
If you are considering starting a business, the simplest and least expensive form of business is a sole proprietorship. A sole proprietorship is a one-person business that reports its income directly on the individual’s personal tax return (Form 1040) using a Schedule...
