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Understanding Financial Statements: Overview

There are a few basic reports that encompass what are known as financial statements.  The purpose of these documents is to outline the current financial state of an organization for the review of the owners, shareholders, and any other party that may have an interest in the well-being of the company.  These statements typically include […]

1099 vs W-2

When it comes to employees, choosing whether to make them W-2 employees or to pay them on a 1099 basis is part of the hiring process.  Typically, anyone doing work for you on a daily basis for the foreseeable future would be an employee and taxes would be filed by them with a W-2.  1099 […]

Importance of Separating Business and Personal Finances

If you are starting a business, there are all kinds of tasks that go along with trying to gain exposure for your product or service.  When should you get incorporated?  When should you move from your home to an office or retail location?  When should you begin hiring employees?  As the initial dream begins to […]

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