by Candy | Nov 26, 2020 | Business, Shared
We sometimes get the question, “What’s the difference between cash flow and profit?” I have even had the statement: “I can’t be profitable because there’s no money in my bank.” So, what is the difference between cash flow and profit in simple...
by Candy | Nov 12, 2020 | Bookkeeping, Business, Featured, Shared, Taxes
Are you aware that there is a new 1099 form that must be filed in January 2021? That form is called the 1099-NEC. This form is for those who are paid non-employee compensation as independent contractors, or businesses that are paid $600 or more that are not a part of...
by Candy | Oct 9, 2020 | Bookkeeping, Business, Featured, Shared
Refinancing car and home loans is a fairly common practice, but did you know that you can also refinance your business loan? While it’s easy to breathe a sigh of relief and simply move on after obtaining funding for your company, according to Finder, you can actually...
by Candy | Sep 25, 2020 | Business, COVID-19, Shared, Software
You’ve spent months pivoting your business week-to-week to cope with the changing landscape of the world amidst the global pandemic. Now that the dust has settled and your team has likely settled into a new normal of telecommuting, there is a new challenge to...
by Candy | Sep 22, 2020 | Bookkeeping, Business, Featured, Sales Tax, Shared, Taxes
Many states are taking advantage of the rise in telecommuting due to the pandemic to trigger the establishment of a tax nexus. Unfortunately, this may create additional administrative and tax burdens for small business owners who have employees telecommuting from...
by Candy | Apr 6, 2020 | COVID-19, Featured, Shared
There has been a lot of information released lately on different pieces of legislation to help employees and employers alike during this COVID-19 era. The impact of the virus has been felt by many both physically (whether only having to stay indoors most of the time...
