Grab a cup of coffee and catch up on news from the bookkeeping world.
Featured in this issue:
- 2017 Taxes
- Independent Contractors vs Employees
- Emergency Plans
- Bookkeepers’ Check List
- Add Insight’s tech stack
Taxes, 1099s and Employee Classification
From one of my favorite tax experts: Kelly Phillips Erb
With tax season for the 2017 tax year just around the corner, taxpayers want to know what’s new for 2017. Here’s what you need to know about changes to your 2017 tax returns (the one you’ll be filing beginning on Monday January 29th, 2018).
Please consult your tax accountant for how this applies to your specific tax situation.
Don’t risk an audit.
Learn about the key differences between W2 vs 1099 and find out if you should classify someone as your employee or independent contractor.
IRS Forms 1099 tell the IRS about payments you received in 2017. Pay attention to each one. Some tips and answers to questions on 1099s. If you had Add Insight prepare them for you, they have all gone out to your vendors and to the IRS.
Learn why an emergency preparation checklist is critical for every business. Read more about how to create a checklist to recover from a disaster. Add Insight will be working on it’s emergency checklist too.
What Bookkeepers Do
Ever wonder what all the daily, weekly, monthly and annual tasks a bookkeeper does? Although the dates are not current, this gives you an good overview of all that is involved.
Add Insight’s Tech Stack
Over the next few issues, we will share with you the apps we have in our tool belt to help us all work more efficiently. If you would like to add any of these services to your engagement with Add Insight, just holler.
Hubdoc: Document Collection & Management Software
Hubdoc gets your key financial docs in one place, automatically. Say goodbye to chasing documents & data entry. Say hello to increased productivity & automation.
Plooto | How It Works
Plooto is an online payment solution for business. Manage transactions, vendors and suppliers in one place with Plooto’s modern payment platform.
TSheets is employee time tracking and scheduling software that’s accurate to the second. Easily track time from anywhere, on any device, to see employee GPS location, simplify payroll, create and send accurate invoices, and save thousands on payroll costs each year. Try it free!
Gusto | Easy Online Payroll Services for Small Business — gusto.com
We make it easy to run payroll online. Get direct deposit, unlimited payroll runs, and automated tax filing. All for one simple price.
Note: some links provide Add Insight a small credit if used to sign up