by Tiffany Mellow | Jan 29, 2018 | 1099's, Business Accounting, Business Taxes
A Form 1099 Misc should be filed for every unincorporated vendor or contractor who you paid $600 or more during the calendar year 2017. The amounts to be reported are for services only. If you paid someone for products and services, only the labor charges are to be...
by Tiffany Mellow | Jan 22, 2018 | Business Accounting, Business Taxes, Payroll, W-2's
The due date for filing your form W2’s with the Social Security Administration is January 31, 2018. Extensions to file these forms are much more difficult to get this year. The IRS is only granting extensions in cases of extreme hardship or uncontrollable...
by Tiffany Mellow | Jan 15, 2018 | Business Accounting, Business Taxes
The Schedule C for an unincorporated business and the Schedule F for farming activities are the forms MOST AUDITED by the IRS! The IRS has published the following list of issues they scrutinize when auditing the Schedule C and the Schedule F: Lack of record keeping...
by Tiffany Mellow | Jan 8, 2018 | Business Accounting, Non-Profit Accounting, Personal Accounting
All of us here at James E. George, CPA would like to wish you and yours a very happy and prosperous new year! At this time of reflecting on the past and planning for the future, I’d like to suggest making 2018 the year you get your business finances in order. Not just...
by Tiffany Mellow | Sep 22, 2017 | Bookkeeping, Business Taxes
Technology can be helpful when it comes to bookkeeping! There are many new gadgets and applications on the market that assist with tracking business expenses. While these “apps” eliminate paper, they do not eliminate the need to provide your tax preparer with the...
by Tiffany Mellow | Aug 10, 2017 | Business Taxes
I recently met with a contractor who had very organized files. You could tell he spent a lot of time assembling his receipts. The problem: they were organized in a manner that was not efficient for preparing a tax return. Instead, the gentleman had organized his...
