Remote Small Business Bookkeepers - Bookkeeping Made Simple

There are two different types of government business loans available to help small businesses stay afloat during the coronavirus emergency that are quite different in nature. The Paycheck Protection Program…Continue readingSide-By-Side Comparison of the Paycheck Protection Program and Economic Injury Disaster Loans

Taxes

Excess Retirement Plan Contributions Can Be Taxing

November 21, 2019November 21, 2019Marilyn Rushing

Article Highlights: Excess IRA Contributions Excess Contribution Penalty Correcting Excess IRA Contributions Applying the Excess to a Future Year Excess 401(k) Contributions Failing to Timely Correct 401(k) Excess Contributions Some…Continue readingExcess Retirement Plan Contributions Can Be Taxing

Taxes

3 Common Personal Income Tax Problems & How to Respond

November 14, 2019August 5, 2020Marilyn Rushing

Tax problems aren’t just a worry that hang over people’s heads from January through April every year. Many of them go far beyond the numbers that you report, and they…Continue reading3 Common Personal Income Tax Problems & How to Respond

Bookkeeping

Who Owes You? 5 QuickBooks Online Reports That Can Tell You Fast

October 1, 2019October 1, 2019Marilyn Rushing

Quick: How many of your invoices are unpaid? Have any of your customers gone over 30 days past due? Did you bill all of the time and expenses for that…Continue readingWho Owes You? 5 QuickBooks Online Reports That Can Tell You Fast

Bookkeeping

The 1099-MISC Filing Date Is Just Around the Corner – Are You Ready?

December 31, 2019April 8, 2020Marilyn Rushing

Article Highlights: Independent Contractors Non-employee Compensation 1099 Filing Requirement Due Dates Penalties Form W-9 and 1099 Worksheet If your business engages the services of an individual (independent contractor), other than…Continue readingThe 1099-MISC Filing Date Is Just Around the Corner – Are You Ready?