On January 10, 2024, the U.S. Department of Labor issued a new regulation aimed at more clearly defining the distinction between employees and independent contractors under the Fair Labor Standards Act (FLSA), particularly about minimum wage and overtime provisions. Goes Into Effect The rule is set to...
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Keeping track of your business's money (accounting) is really important. It's not just about following rules; it can also help your business become more valuable. Here's how. 6 Ways to Increase Business Value Here are several ways in which accurate books can increase your business's value: 1.Make Better Money...
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In the landscape of tax forms and IRS documentation, the 1099-NEC Form is a crucial form for certain types of income. As tax season approaches, it’s essential to understand who is required to receive this form. What is a 1099-NEC? The 1099-NEC, "Nonemployee Compensation," is a tax...
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When you’re running a small business, the financial landscape can seem daunting. As a Certified Public Accountant (CPA), I've had the privilege of assisting countless business owners in navigating these financial waters. Advanced Accounting Tips Today, I'd like to share ten advanced accounting tips that can greatly...
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