1099 Update
The One Big Beautiful Bill & 1099s: What Every Small Business Should Know Before Year-End If you pay contractors, freelancers, or gig workers, you’ve probably heard the buzz: “They raised the 1099 limit — I don’t have to send 1099s for $600 anymore!” Yes… but not yet. And not for 2025. The One Big Beautiful […]
Should Every Contractor Become an S-Corp? Not So Fast…
If you scroll through social media, you’ve probably heard this one: “Every contractor should open an S-Corp to save on taxes!” But here’s the truth — I’ve worked with many contractors who rushed into an S-Corp too soon and ended up spending more than they saved. When you’re starting out, it can actually make more […]
📊 Understanding Your Profit and Loss (P&L)
💸 Why Does My Business Show a Profit but There’s No Money in the Bank? One of the most common frustrations for small business owners is this:Your Profit & Loss report (P&L) shows a profit, but your bank account says otherwise. So… where’s the money? In this article, we’ll break down why your business can […]