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W9 vs. 1099

There are a couple items that we as business owners need to know regarding W9 and 1099 forms. 1. Obtain a W9 from all vendors who are providing services for your company. If there is already one on file, make

10 Steps to a Successful Audit

1. Plan ahead – To be ahead of the curve, treat audit preparation as a year-long process. By keeping schedules and reconciliations up-to-date throughout the year, you can reduce the time it takes to prepare for the audit at the

QuickBooks Tips To Simplify Your Life

1. Use ProAdvisor – ProAdvisor is part of the QuickBooks Intuit Package and connects you with a local accountant who can help get you up and running on the software. They can also advise you on issues like tax requirements, offsetting of

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QuickBooks tips cont.

1. Use the QuickBooks Audit Trail to protect against risk The QuickBooks Audit Trail quickly bolds and italicizes any transaction that has been manipulated or changed. If more clients are using the Audit Trail report as part of their ongoing monthly

Why you should file your taxes early

When tax season comes around many people tend to wait until the last minute to file their tax returns, but there are many reasons as to why you should file your taxes early, even if you can’t pay. 1. You get

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