1099, W-9, WTF ? How To Track & File The Correct Forms For Independent Contractors
I see questions and confusion all the time regarding these forms. I thought I would take a moment to break them down.First things first, you need to understand if and when you need to file a 1099, you can learn more about the criteria in another post I wrote here:...
Bye Bye Entertainment Deduction
I have a handful of clients who have utilized the meals and entertainment deduction over the years to treat clients and build relationships. Many are not aware that this deduction was majorly modified under the new tax laws. Prior to January 1st, 2018, businesses...
The 5 BIGGEST Tax Oversights
I talk to small business owners every day, this is a collection five most common areas I help them understand. #1 Required Taxes Many small business owners often do not realize the many types of taxes that apply to their business such as Federal Income Tax, State...
Top 2 Missed Business Tax Deductions
Every year at tax time I find many small businesses overlook these two super easy deductions! #1 MILEAGE Yup, currently in 2017 you can deduct 53.5 a mile for Business mileage. Click HERE to find current rates. What is Business Mileage? Driving to post office to check...
What is the 1099 Form?
If are self-employed or own a small business, chances are you have seen a 1099-Misc form. There is a great deal confusion surrounding this funny little tax form. The Nitty Gritty I have seen many clients who do not realize that indeed, they are required to track...
