8 Small Business Cybersecurity Tips
Many businesses had to rapidly implement technology solutions due to the pandemic. In this article, we’ll cover some basic tips for improving small business cybersecurity. Cybersecurity Threats Are on the Rise According to an article from Small Business Trends, reports of cyberattacks have increased more than 30% compared to this time last year. And businesses…
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Accounting Basics for Small Businesses
When starting a business, it’s important that you understand how to set up your business’s finances. In this article, we’ll cover the basics to set your business up for financial success. Set Up Your Bank Account After you create your business plan, register your business, and receive your Employer Identification Number (EIN), it’s time to…
What is Form W-9 and How Does It Help Me With Form 1099?
As a business owner or accountant, you understand how important TIN checking is, but how do you get TINs in the first place? What is Form W-9? To request a TIN from an employee, freelancer, or contractor, you can use Form W-9. According to the IRS: Use Form W-9 to provide your correct Taxpayer Identification…
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Tax Season and Cybersecurity – Small Business Tips
Cybersecurity is important year-round, but threats increase during Tax Season. Learning cyber awareness, securing your data, and combatting identity theft can save you and your sensitive data in the future. Secure your data Your small business likely stores a lot of sensitive data on multiple devices – about your business and its finances, about yourself…
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Help! It’s Tax Season and I Need An Accountant
If you’re a small business that doesn’t have an accountant lined up for tax season, you have a few options. In this article, we’ll discuss how different finance professionals can help you during tax season as well as your options for filing your own business taxes. Option 1: Find a certified tax professional ASAP. There…
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ACA Penalties & Deadlines for Tax Year 2020
The IRS issues penalties for employers who do not comply with the Affordable Care Act (ACA) Employer Mandate. For the 2020 tax year, the penalties have increased. What are the ACA penalties? Monetary penalties for filing late If you file ACA forms to the IRS after the deadline, you will be charged a minimum of…
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2021 Deadline for Forms 1099-MISC and 1099-NEC
Tax season is around the corner, so it’s time to start gathering information and preparing for the deadlines. What is the 2021 deadline for filing 1099s? The 2021 deadline for Forms 1099-MISC and 1099-NEC is Monday, February 1 since the typical deadline date, January 31, lands on a Sunday. The deadline for Form W-2 is…
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