Unlike salaried W-2 employees, contractors require a 1099 form to do their taxes, which you must provide. It might seem intimidating if you've never or don't know how to issue a 1099 form, but there’s…

A general ledger is one of the most essential tools for tracking your business’s financial health, yet many entrepreneurs overlook it until issues occur. Whether you’re a freelancer, startup founder, …

Understanding how Depop income fits into your overall tax picture can save you from unpleasant surprises come tax season. Whether you sell casually or are an up-and-coming reseller, knowing what count…

Rental real estate investing offers a convenient way for landlords and investors to increase their assets, with capital gains tax typically playing a significant role in these investments. The exact a…

A clear view of cash flow is one of the best tools for running a successful small business. Our free downloadable template shows where your money truly goes, helps you plan ahead, and prevents unpleas…

A retroactive S corporation election (also called a late S election) can correct missed opportunities and align your business structure with your intended tax strategy. In this guide, we’ll explain wh…

Take the first step to streamlining your billing process with this free downloadable contracting invoice template explicitly designed for small businesses, freelancers, and contractors, courtesy of 1-…

Understanding bookkeeping basics isn’t as complex as it seems, and getting organized early can save you time, money, and stress while enhancing your ability to compete in the market.

Use this blog to understand what happens during an audit, why your receipts are necessary, and the steps to recover or rebuild your records. And if you'd rather be guided by expert support, 1-800Accou…