Accounting, Bookkeeping & Tax Prep Services in Virginia
Two key players in the world of tax reporting are the 1099-NEC and 1099-MISC. There are subtle distinctions between these forms, read through and you will be able to determine the most fitting choice for your financial transactions. Difference between 1099-NEC vs. 1099-MISC In the realm of tax reporting, clarity is key. Let’s begin by …
Tax season might not be everyone’s favorite time of the year, but it represents a golden opportunity to boost the bottom line. Understanding and strategically utilizing available tax deductions can significantly reduce a business’s taxable income, translating to substantial savings. Here are 5 tax deductions you NEED to know about for your business! 1.Ordinary and …
What is bookkeeping? Bookkeeping is the systematic recording, organization, and maintenance of a business’s financial transactions. It involves tracking income, expenses, assets, liabilities, and equity to provide a comprehensive overview of the financial health of the business. Why do I need bookkeeping? Firstly, it provides unparalleled financial clarity, offering a clear overview of your business’s …
What is Small Business bookkeeping? 6 Steps on how to do your own bookkeeping. Read More »
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