Compliant 1099 Delivery to Your Recipients
Jan09

Compliant 1099 Delivery to Your Recipients

The IRS requires you to deliver 1099 forms to your vendors by January 31st. You may not realize this, but that form is required to be on a physically printed piece of paper. Unless your vendor gives you specific consent otherwise. That requirement doesn’t make a whole lot of sense in our cloud-based digital age. But, it’s the law of the land. The problem is that we’re increasingly seeing companies (and even accountants) emailing PDFs...

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Bookkeeper Gets 2 Years For $100,000 Credit Card Fraud
Dec30

Bookkeeper Gets 2 Years For $100,000 Credit Card Fraud

An Ex-Indiana bookkeeper was recently sentenced to two years for credit card fraud. You can get the story here. But, we want to discuss what went wrong… The Bookkeeper’s Credit Card Fraud Case In this case, it appears that the bookkeeper had full access to the credit card accounts and didn’t have any oversight. This cost the business $100K. The bookkeeper issued new cards to employees without the company’s...

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New 1099 Deadlines and Penalties for 2016
Dec15

New 1099 Deadlines and Penalties for 2016

1099 Tax Time is coming. And this year, it’s going to be shorter, more intense, and more costly than ever before. That’s due to two key 1099 changes that come into play for Tax Year 2016. 1099 Change #1 – 1099-MISC Box 7 E-File Deadline Now January 31st In years past, there was a little bit of wiggle room between when you delivered 1099s to your recipients and when you had to file that info to the IRS. Two months of wiggle room...

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Fixing Cash Flow Issues
May26

Fixing Cash Flow Issues

Cash flow issues are stressful for small business owners and can put the business in a very tough spot, or out of business completely. A U.S. Bank study revealed that 82 percent of business failures are due to poor cash management. How can small business owners protect themselves from cash flow issues? Read on for tips from our chat, and check out the full chat transcript here. Q1: What are some of the causes for cash flow issues in...

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The Best Business Apps
Feb23

The Best Business Apps

As the title says, this chat was all about the best business apps – the best ones to have on our phones, what makes us happy about apps, and some favorite new apps. With thousands of app options out there, we’re hoping the chat will help narrow the field down to a few top ones to increase productivity. Q1: What are the top 3 apps that you recommend to businesses? And why? During the chat, Mindy with @IntuitAccts tweeted “The average...

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TSheets Fables: Let Medicaid’s Misfortune Be Your Guiding Light
Jan15

TSheets Fables: Let Medicaid’s Misfortune Be Your Guiding Light

Let Medicaid’s Misfortune Be Your Guiding Light Chances are, you’re already familiar with Aesop’s Fables: Those old stories about tortoises and hares, and ants and grasshoppers, that are intended to teach young children the difference between right and wrong. They serve as cautionary tales of “what not to do” and a moral compass pointing to “what you should do instead.” When we stumbled upon these real-life stories about Medicaid...

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