Blog | Money Matters

What Is Receipt Management And How Important Is It To Your Organization?

Receipt management involves retaining, storing and tracking business receipts. Receipts are generally issued to document the purchase of...

Salary vs. Owners Draw – Paying yourself by your business type/entity

“Time is money” as we all are aware. Most individuals cannot afford to work without receiving compensation. It is quite important...

Employee? Independent Contractor? Or Neither?

Our firm was recently contacted by an individual (neither a sole proprietor, partner, member of an LLC nor Incorporation) asking if they...

How to know which accounting software is best for your organization or business.

There are many factors to consider when selecting an accounting software package for your organization. Each manufacturer and each...

Bookkeeping Tips for the New Year

Many of us resolve to begin the new year on the right foot. This usually consists of diet, exercise, or other personal resolutions....

Are You Required To Send a 1099-Misc or 1099-NEC?

You are required to send a 1099-Misc to any individual, sole proprietor, partnership or LLC (no corporations) to whom you paid $600 or...

Rules and Regulations for Meals & Entertainment Write-Offs

1. Discuss or conduct business – Any entertaining that you do or any meal that you enjoy must be directly related to your business or a...

Starting a Small Business or Nonprofit?

Many people entertain the notion of starting their own business and becoming their own boss. Then there are those who wish to begin an...