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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Bookkeeper vs. Accountant

Bookkeeping is more focusing on entering and recording transactions where accounting is more about giving the business insight based on the bookkeeping information. Bookkeeping consists of: Accounting consists of: Aiding the business owner in understanding the impact of financial decisions

Should a business owner or the office manager do the bookkeeping?

When you own a small business there are a lot of things that you must keep track of and at times it can get overwhelming.  Some business’s will have their office manager or receptionist do their bookkeeping.  You may think

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