1099-MISC Form 2022 Filing Deadline
The 1099-MISC is a vital form used for miscellaneous distributions to individuals. This captures compensations for things like rent, prizes and awards, healthcare payments, and even payments to an attorney. When to File A 1099-MISC Form The Internal Revenue Service...
Christmas Bonus – All You Need To Know
Any employer can offer a special incentive for their employees as an end-of-year bonus, gift, prize, or award. Now, more than ever, employees are looking forward to some form of incentive to help cover holiday costs and so on. If you own a company, and you’re thinking...
Achieving Business Growth Without Borrowing
As a startup, taking out a business loan may be your first plan of action for financing business growth. But there are excellent reasons to consider other options for finding capital to expand your business. For one, it can be very difficult for a small business to...
Organize your QuickBooks
Hello everyone, Bobbie Witt here, with Bookkeeping Confidential. We are a full-service virtual bookkeeping firm here to assist small businesses such as yours to create profit in your business and understand your numbers. If at any time you have questions regarding...
Temporary 100% Food and Beverages Deductions for Small Businesses
The Internal Revenue Service and National Treasury Department have announced an increase in food and beverages deductions that businesses can claim up until 2023. The agencies have outlined which expenses would qualify for temporary 100% food and beverages deductions...
7 Questions To Ask When Hiring a Virtual Bookkeeping Firm
Hiring a bookkeeper is very essential when running a business. A bookkeeper keeps a record of the financial affairs of a business. Outsourcing a virtual bookkeeping firm is cost-efficient, energy-saving, and convenient, especially in the current global climate. How...
QuickBooks Tip of Chart Accounts
Hi everyone, Bobbie Witt here with Bookkeeping Confidential again. I want to talk to you today about the Chart of Accounts, which is the map of your business. When you first open QuickBooks, this is going to be your dashboard. Then you’re going to go over to...
Tax Credits For Small Business Employers
The Internal Revenue Service (IRS) and the Treasury Department recently released further details about the tax credits available under the American Rescue Plan to help small businesses. This clearly outlined how business owners can benefit from tax credits to be able...
Protect Your Data and Yourself
Proactive Steps for Living Safely in the Digital Age These days your personal data is everywhere, and that information is valuable to marketers, hackers, and everyone in between. If you want to prevent the unauthorized use of your personal information, you need...
Trust Accounting: Common Questions
As a lawyer, at some point during your practice, you may be responsible for clients' trust accounts. Trust accounting is a highly feared area by lawyers due to the regulations and implications if procedures are not adhered to. It is crucial that you understand how to...
