Understanding 1099s

Understanding 1099s

Let’s talk 1099-MISC forms. Commonly forgotten or misunderstood by businesses, Form 1099-MISC is often the oversight for those looking to pass the tax season with flying colors. Which begs the question: did you submit the 1099s that were due this year? Hopefully you...
Understanding Bill.com — Our Trusted Tool

Understanding Bill.com — Our Trusted Tool

When it comes to managing our clients’ bookkeeping, we at AB&P trust Bill.com to help us securely and efficiently handle all accounts payable and receivable – saving us, and our clients, more time to help those they serve. We know that you care about your business...
Exceptions to 1099 Filing Requirements

Exceptions to 1099 Filing Requirements

In the last post, I shared some basic information on who is subject to report, as well as who is subject to receive form 1099-MISC.  If you missed that post, you can find it here. There are exceptions to the rules listed in the prior post: Generally, payments to a...
Who Should Receive a 1099-Misc Form?

Who Should Receive a 1099-Misc Form?

Business owners are required to file 1099 forms for vendors if the purchases and those who have been paid fall into certain categories.  These forms are due to the recipient and the Internal Revenue Service by January 31. Many entrepreneurs are confused about to whom...
How to Save Money on Bookkeeping

How to Save Money on Bookkeeping

If you’re currently working with a bookkeeper, but are looking to save money on your service fees, then we have a few tips to share with you. Our company has been assisting many small business owners for over 12 years. Over those years, we’ve been able to...
QuickBooks: Desktop Vs. Online

QuickBooks: Desktop Vs. Online

We are often asked by our clients, “Which is better; QuickBooks Online or the desktop version?” Even though our company has our own personal opinion on which software if better, it’s important to find out how the varying functions of QuickBooks line up with your...

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