January flurries are coming—and not just the white, fluffy kind that descend from winter skies. For business owners, the new year also brings a whirlwind of paperwork as they prepare for 1099 filing. Get ready for 1099s with these tips and changes.
It is impossible to get where you want to be - if you do not know where you are!
I turned on my phone’s GPS, and my heart skipped a beat. All I saw was a spinning circle, and it was clear to me that it was not going to show me the way back to camp. I was on a hunting trip with my sons in the swamps of Southern Arkansas, and we were a mile back in the swamp, far from civilization. Until I regained service, the only thing I could do was get out my backup compass and see if I knew how to use it.
This year has been a topsy-turvy one with an unending barrage of change. But taxes are a sure thing—even this year. Because of COVID-19 relief measures, there are many opportunities available to taxpayers, as well as some variables that could significantly change a person’s typical tax scenario. Know your options and be prepared with these tax updates for 2020.
With the economy destabilized by the Covid-19 pandemic, the U.S. government has spent trillions of dollars attempting to reduce the impact on American workers, families, and small businesses. Many Americans have received a stimulus check from the federal government, and many are hoping for another one this fall.
If you are a new small business owner, you probably started your venture because you love what you do. It takes energy, endurance, and wisdom to take an idea from conception to a profitable business. And a vital piece of that profitability puzzle is your revenue. Sales.