compliance

Bookkeeping Compliance Tax

Top 7 Bookkeeping Tips to Prepare for Year End

End-of-year bookkeeping can be a complex task, but by breaking it down into these steps, you can ensure your business’s financial records are accurate and complete. Staying organized throughout the year also makes this process easier, so consider adopting systems that streamline documentation and reporting. Proper preparation now lays the groundwork for a smoother tax season, enhanced financial clarity, and informed business decisions as you enter the new year.

Compliance Payroll Tax

1099 vs W2: What is the Difference

In today’s workforce, companies often rely on a mix of employees and independent contractors to achieve their business goals. However, it’s crucial for employers to understand the differences between 1099 contractors and W-2 employees, and more importantly, the implications of misclassifying them.