Employee or Independent Contractor

Employee vs. Independent Contractor: How to Classify Your Workers As a business owner, you’ll need to make an important distinction every time you hire paid help: is the worker an employee or an independent contractor? In this guide we’ll show you how to determine if...

Financial Statements 101

Financial statements are kind of a big deal. Practically every decision about a business (should) be made with them, tax agencies require them, and lenders or investors will only take businesses seriously if these documents are in order. While they may seem...

Maintaining Separate Business Accounts

Using a small business bank account helps keep your personal and business finances separate, and will make your life much easier come tax time. LLCs, partnerships, and corporations are legally required to have a separate bank account for business purposes. Sole...

Cash vs. Accrual

The difference between cash and accrual accounting is important to understand, whether you plan to handle your own financial statements, or hire an outside professional. The difference lies in the timing of when sales and purchases are recorded in your accounts. Read...

What’s a 1099? What Do I Do?

Wondering if you need to file a 1099 form this year? In this guide we’ll explain what a 1099 form is, help you determine if it’s relevant to your business, and share the steps you’ll need to take to file your 1099s on time. What is a 1099? Commonly referred to as “a...