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When does my business need to issue a 1099-NEC? Jan 16, 2024

As a business owner, financial responsibilities can be complex, especially when it comes to tax obligations. One crucial aspect that often surfaces is dealing with 1099s. In this quick guide, we'll discuss the common scenarios in which a 1099-NEC might be issued:

  • Independent Contractors:...
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8 Ways to Manage Overwhelm as a Small Business Owner Nov 07, 2023

The entrepreneurial journey can be a rollercoaster, and we want to help you stay on top of the ride. So, today, we're sharing some valuable tips on how to combat entrepreneur burnout and keep your inspiration alive.

  1. Prioritize Self-Care. It's not selfish to take care of yourself. In fact, it's...
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Month-End Bookkeeping Tips for Small Businesses Oct 31, 2023

As we approach the end of another month, it's time to ensure your books are in tip-top shape. Here are some valuable month-end bookkeeping tips to keep everything in order.

  1. Reconcile Bank Statements. Start by reconciling your bank statements. Ensure all transactions match between your records...
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Enjoy the Holidays with These Budgeting Tips for Small Business Owners Oct 24, 2023

With the holiday season just around the corner, it's the perfect time to prepare for joyful celebrations. The holidays can be an exciting time for many, but they can also bring on financial stress. 

That's why we've put together some budgeting tips to help you make the most of the holidays...

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How Accurate Numbers Can Increase Your Business'‚Äč Value Oct 17, 2023

Accurate bookkeeping is not just a matter of compliance; it can significantly impact your business's overall value. Here are several ways in which accurate books can increase your business's value:

 

1. Improved Financial Decision-Making

Accurate financial records provide you with a clear...

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How to Prepare Your Business for a Successful 4th Quarter Oct 10, 2023

Fourth quarter planning is crucial for business owners as it sets the stage for a successful year-end and prepares your business for the challenges and opportunities of the upcoming year. Here are some key areas to focus on during your fourth quarter planning:

  • Budget Assessment: Evaluate your...
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3 Things That Scare Small Business Owners Oct 03, 2023

What scares small-business owners? According to the survey, they are most worried about:

  1.  Taxes
  2.  Government requirements 
  3.  Poor sales

 

So what’s a nervous small-business owner to do? Instead of fretting about how government regulations, shutdowns, and debt...

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5 Useful Time Tracking Apps for Small Business Sep 26, 2023

Time is the most valuable resource for small business owners. But in order to get adequately compensated for your time, you need to track how you spend it. Here are the 5 useful time tracking apps for small business needs.

  1. Toggl: Toggl offers the ultimate in simplicity; just click to start the...
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Assessing Your Business's Financial Well-Being Sep 19, 2023

As the sun shines brightly and the temperatures drop, the end of summer presents the perfect opportunity for business owners to take a step back and conduct a thorough financial health check. 

Assessing your business's financial well-being during this season can provide valuable insights and...

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The Benefits of Hiring Independent Contractors for Your Business Sep 12, 2023

As a business owner, you're constantly faced with decisions that impact the success and growth of your company. One such decision is whether to hire employees or independent contractors to meet your business's needs. Hiring independent contractors can offer numerous advantages, and understanding...

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Bookkeepers vs. Accountants vs. CPAs: Unraveling the Distinctions Sep 05, 2023

For business owners, navigating the world of finance can be quite daunting, especially when it comes to understanding the roles of different financial professionals. Three key players often come into the spotlight: accountants, bookkeepers, and CPAs (Certified Public Accountants). While they all...

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How to Make the Most of the Next 6 Months of 2023 for Your Business Jul 07, 2023

The last six months are a great opportunity to reflect on achievements, reassess goals, and lay the groundwork for a successful year-end. To make the most of this time, it is essential to identify key focus areas that can help move your business forward. Here are 4 crucial aspects that businesses...

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