With the coming of cool weather brings the countdown to the end of the year. For small business owners it is the perfect time to really take a look at how your company has been performing during the year because you still have time to make some changes. By reviewing your financial statements you can obtain some great information. StartFragment Looking at your Balance Sheet (a snapshot from a point in time) you can determine how your assets are distributed and how much money

Needing the Scoop on 1099's? It doesn't have to be complicated! Read on to find out if your business should file them, just who get's one, and the easiest way to do it! Question: Should you file 1099's? Answer: If you are engaged in a trade or business you are required to file 1099's. Question: Who receives a 1099 from me? Answer: Without over complicating it, you will give a 1099 to: Independent contractors (not employees) that performed services over $600 to you during y

Are you opening a new business this fall? The IRS has many resources available for individuals that are opening a new business. Here are six tax tips the IRS wants new business owners to know. 1. Business Entity - Decide what type of business entity you are going to establish. The type of business entity will determine which tax form you have to file. The most common types of business are the sole proprietorship, partnership, corporation and S corporation. {More on that to