Small Business Accounting

Understanding Accrual vs. Cash Accounting

At least once per year, if not any other time, you’ll get asked whether or not you operate your business using accrual or cash-basis accounting.  Since this question typically arises...
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Employee vs. Contractor:Control and Relationship

Sometimes in small business, the idea of paying those who work for you as contractors sounds ideal.  But, how does a business owner know to correctly classify a worker as...
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1099s: Tips & Tricks

1099s are due January 31st - have yours been sent? If you have, have you sent them to all vendors and service providers who need one?  You might think that...
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New Mileage Rate for 2019!

It's a new year and the IRS has once again updated the mileage rate for 2019. Beginning January 1, 2019, the standard mileage rate increased  from 54.5 cents in 2018...
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