Category: Guide

Common Bookkeeping Challenges for Small Businesses (and How to Solve Them)

by Cecilia Benitez

Bookkeeping isn’t always the first thing small business owners think about—but it quickly becomes one of the most important. Whether you’re running a one-person shop or managing a growing team, staying on top of your books can make or break your ability to grow sustainably. Here are some of the most common challenges small businesses … Continue reading Common Bookkeeping Challenges for Small Businesses (and How to Solve Them)

Why You Must Collect a W-9 Before Paying Service Providers or Contractors

by Cecilia Benitez

Anytime you pay an independent contractor or vendor (not your employees!), the IRS requires you to collect a W-9 from them so that you can send a 1099 at year-end.  Additionally, collecting a W-9 upfront ensures that the individuals or businesses you’re working with are legitimate and have provided accurate information for tax purposes. It … Continue reading Why You Must Collect a W-9 Before Paying Service Providers or Contractors