It's that time of the year when company bosses start discussing End of the Year or Holiday bonuses. The IRS is very black-and-white about these types of bonuses. In this article, I'm going to break it down between employees and contractors.Employee BonusesGifts - The IRS has ruled that …
Bookkeeping
10 Need to Know Tips for Business Owners
Keep Personal and Business Accounts SeparateWhile this one sounds really easy, many new business owners just do not get this or merely take it as a suggestion.Outsource to a Bookkeeping ProfessionalThe best way to be certain your books are always taken care of is to outsource your …
Non-Profit Bookkeeping: The Basics
For the most part, non-profit bookkeeping is very much the same as traditional for-profit bookkeeping. There are a couple of things of fundamental differences that separate the two. These differences include tracking donations, reporting, non-restrictive and restrictive funds.Tracking donations …
