One of the major questions we are asked by entrepreneurs every year is whether or not they need to send out 1099’s to their contractors. If you are unfamiliar, a 1099 is a tax form that a business owner sends out to both their contractors and the IRS each year, letting both parties know how.
** Update: We have received an overwhelming number of responses and are sorting through them now. We are not currently accepting new applicants but will update if additional spots open up. As we face a third consecutive year of doubling our business, CPA On Fire is on the hunt for talent to join our team..
Back on New Years Eve 2010, I was feeling particularly motivated. I must have recently read something on the value of goal setting, and as such I sat down and typed out a seven page document outlining my goals for the upcoming year, as well as two year goals, five year goals and lifetime goals. I rarely.
Have you had a call from the “IRS” telling you owe a large amount of money and need to make payment immediately? If you haven’t there’s a good chance you know someone who has. It’s one of the most widespread scams going on right now. And since so many people are downright terrified of the IRS, these criminals.
This is a five part series on the best tax tips for entrepreneurs. If you have followed us either here, on EO Fire or any of the other podcasts or blogs we have been featured on, these five tips won’t be anything new. They aren’t sexy tips no one else knows about. It isn’t what the.
In July of 2013, my business, JDB Business Solutions at that time, was a little over a year old. By the average new business standards I had a very successful first year, making more than I had in the CPA firm I worked at previously. But a large portion of that money came from working.
If you own a business or have thought about starting a business, chances are you have heard someone or some media channel touting the advantages of registering your business in Delaware. Or Nevada. Or Wyoming. Or any of the other states that offer either no state income tax or corporate friendly rules. In fact, you have.