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Previously, Form 1099-MISC was filed for each non-employee (independent contractor) to whom you have paid at least $600 (cash or check/ACH) for services performed for your business. This year, those payments will be reported on the new Form 1099-NEC.
Overall my thoughts about this book are that it’s a tool that may work really well for certain business owners and I think that you can find some real help in here. If you’re familiar with and like the cash envelope system for budgeting, you might really like this approach. It’s essentially a budgeting and cash flow management system.
This question has come up a lot (as it should) so it’s time we address it here. One of the goals of your business is to make money, but how do you go about using that money for your life? Here are a few questions to help you figure that out.
Now is a great time of year to think about investing in your business. There are going to be plenty of upcoming sales this quarter (for software, digital products, and physical products) so let’s talk about how you can time it right to invest in your business at a great price.
Q4 brings the possibility of a fresh start for a strong finish. Right now, many business owners are still feeling overwhelmed and disheartened as they manage massive change in their business and personal life.
Many of you just filed your 2019 taxes a few weeks ago. Hopefully it was a smooth process, but I know you may have been scrambling at the last minute to get everything together.
We are nearing the end of the month so now is the time to start planning your monthly close. If you can block off some time to focus specifically on this during the first or second week of the month, you'll thank yourself later.
This is an update to earlier this week when only the payment deadline was moved. Now the filing deadline itself is moved to July 15th!
If you owe a payment to the IRS, you can defer up to a million dollars as an individual. And the reason why we’re doing a million dollars is that covers lots of pass-throughs and small businesses, and $10 million to corporations, interest-free and penalty-free for 90 days.
Keeping a list of resources going here from items I've mentioned on Instagram so you can easily grab whatever you need in one go.
Each month it's an essential practice to complete a monthly review where you assess how your business performed during the prior month and what changes you can make in the current month to strengthen and grow your business.
If your business is registered with the state (Corporations & LLCs), you are probably required to file what’s called an annual report with your state.
Typically, Form 1099-MISC is filed for each non-employee (independent contractor) to whom you have paid at least $600 (cash or check/ACH) for services performed for your business. When reporting non-employee compensation, the filing deadline is January 31.
We're officially one week out from the close of Q3 and the start of Q4! What are you doing to prepare? Personally, I'm listening to PwC's "The quarter close - Q3 2019" to make sure I'm up to date on the latest in accounting and financial reporting.
Can you believe we're almost completely through 2019?! Today I'm sitting down with a cup of coffee for some year-end planning and assessing.
You may be surprised to hear this, but I never thought I’d be self-employed. I actually specifically said at a young age that I would NEVER own my own business. We all know what happens when we say never, right?