Category Archives: Blog

Planning for what lies ahead is an important part of running a healthy business. Forecasting your company’s financial statements can help you manage inventory and other working capital accounts, offer competitive prices, identify impending cash flow shortages and keep your business on solid financial footing. No forecast will be 100% accurate, especially during these uncertain…

In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen customer lists to start his own mortgage business. The perpetrator hacked the protected records by sending an email containing malware to a coworker. This particular dishonest worker was caught. But your company may not be so lucky.…

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The fourth 2020 estimated tax payment deadline for individuals is Friday, January 15, 2021. Even if you do have some withholding from paychecks or payments you…

Nonemployee compensation will now have its own form for filing. The IRS has brought back the Form 1099-NEC starting with the 2020 tax year. The form will report the same information as the Form 1099-MISC has previously. The separate form continues the recent focus the IRS has placed on properly identifying employees vs. independent contractors.…