by Randy Redmond | Nov 3, 2025 | Uncategorized
Key Takeaways Profit doesnât equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow management is about accelerating what comes in and strategically optimizing (delaying) what goes out (legally, of...
by Randy Redmond | Nov 1, 2025 | Uncategorized
Key TakeawaysKeep every contractorâs Form W9 on file before the first payment. If your contractor wonât give you a W9, be persistent. The IRS requires a three-step written request process. Use the IRS TIN Matching tool before filing your 1099s. It...
by Randy Redmond | Oct 22, 2025 | Uncategorized
Quick Summary: Could Changing My Business Entity Mean a Lower Tax Bill?If youâre a Sole Proprietor or single-member LLC, youâre likely paying a hefty 15.3% Self-Employment (SE) tax on 100% of your profit. Electing S-Corp status could cut that tax bill by...
by Randy Redmond | Oct 15, 2025 | Uncategorized
Quick Summary: What Smart Accounting For Small Businesses Looks Like In 2025Call your tax advisor before making financial moves to avoid missed deductions or costly surprises. You need modern, integrated tools to stay compliant (and audit-ready) in 2025. The...
by Randy Redmond | Oct 7, 2025 | Uncategorized
âWith organization comes empowerment.â âLynda Peterson Quick Answers: Can I Put Personal Money In My Business Account?If you put personal money into your business account, it must be recorded correctly (as an ownerâs contribution, not business...
by Randy Redmond | Oct 4, 2025 | Uncategorized
âSimple can be harder than complex.â â Steve JobsQuick Summary: Whatâs Changing With The 2026 1099 NEC Threshold?Businesses will only need to issue a 1099-NEC if they pay an independent contractor $2,000 or more in a calendar year. The new rule begins for tax...
