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Salt Lake City Bookkeeping Blog

When Is It Time For Bookkeeping Help?

Posted by Joe Mazur on May 20, 2013 7:05:00 AM

As businesses grow this question will eventually get asked; when is it time for bookkeeping help?  What specific events triggered this question and how long the business has been operating prior to asking always results in several long answers.  I'll try and summarize a few of these answers from recent inquiries Salt Lake City Bookkeeping has received.  Ideally, all small business owners would realize that bookkeeping is the first thing you do when you make the decision to be in business and work for yourself.  I once thought bookkeeping would be started once the business bank account gets opened.  However, I've shifted my thought process on this because it should happen even sooner than that since the owner usually is using personal funds to get things started.  Anyways, only a small percentage of our clients have reached out prior to starting their business, so we rarely see this proactive approach.  A majority of small business owners don't realize the importance of bookkeeping until a certain event has happened or they realize wearing too many hats is negatively affecting their business.

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Topics: Accounting Services, Small Business Bookkeeping, 1099's, 1099s, Hire A Bookkeeper, Bookkeeper dishonesty

Staying in Compliance with Independent Contractors/1099 Vendors

Posted by Matt Roberge on Jan 11, 2012 11:04:00 AM

Recently we have had several clients that have been audited with the focus being the validity of  independent contractors.  Many businesses pay a vendor as an independent contractor.  Here is a quick guide for you to determine if a vendor is an independent contractor and how to document each contractor to ensure you have the proper proof.

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Topics: Independent Contractors, 1099's, Tax Compliance

Independent Contractors / 1099's; Staying In Compliance

Posted by Matt Roberge on Dec 1, 2010 8:13:00 AM

Independent contractors are becoming a hot topic with small businesses and the IRS.  The IRS is becoming stricter with its regulations and seems to be focusing on small businesses to stay in compliance and follow these rules.  I will give you a quick overview of 1099's/independent contractors.

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Topics: Independent Contractors, 1099's, Tax Compliance