The (Almost) Ultimate Guide to Self-Employed Expenses and Tax Deductions

by QuickBooks 10 min read One of the biggest shocks of self-employment is the relatively large tax burden that usually comes with it. As a self-employed professional, you seek to reduce your taxes as much as legally and ethically possible. There are only two ways to accomplish this—either from working less (and earning less) or […]

How the IRS Operates

by QuickBooks 4 min read The IRS is the agency within the Treasury Department charged with enforcing tax law. It is organized into four divisions, one of which is the Small Business/Self-Employed (SB/SE) Division. Overview of the SB/SE Division This division of the IRS serves about 54 million taxpayers, comprised of: Individuals filing Schedule C, […]

5 Most Deadliest Cost for Fast Growing Companies

The 5 Most Deadly “Costs” Fast-Growing Companies Face by Aaron Orendorff 13 min read Five and a half million people just saw Mike Brown’s face … all at once. In an instant, the dream was real. After a year of slow but steady growth, Mike and the team at Death Wish Coffee — all six […]

How to Prepare a 1099 for Independent Contractors

With tax season around the corner, it’s time to start thinking about closing your books out for the year and preparing all your tax documents. If you employ contractors and paid them more than $600 in business-related payments, then you will need to prepare and issue an IRS Form 1099-MISC. While it may seem like […]

Why Small Businesses Should Have an Accountant on Their Team

by Carrie Smith 5 min read Many small business owners spend countless hours every week creating financial reports and managing their books. And many feel like there are few results to show for it. As many of us know, the process of trying to do small business finances yourself can be frustrating and time-consuming. The […]

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