Entries by Lori Coleman

Do 1099-K Threshold Changes Affect Your Small Business?

Many people are concerned about confusing new IRS regulations regarding Form 1099-K requirements. Here’s what your small business needs to know. Beginning in 2022, the IRS has lowered the threshold for reporting what are broadly called “third-party payment settlement entities” on Form 1099-K. It was a steep drop — from $20,000 all the way down […]

Case Study: Law Firm Finds Perfect Bookkeeping Partner

Learn how outsourced bookkeeping services can help your law firm with scalable, as-needed solutions. “A good employment attorney is like a good primary care physician,” says Matthew Parker, a partner at Whelan Corrente & Flanders LLP, named one of U.S. News & World Report’s Best Law Firms of 2022. “You don’t need them very often, […]

3 Bookkeeping Tips to Improve Your Marketing Agency

Whether your agency is ready for next-stage growth or you just want to boost your bottom line, an outsourced bookkeeping services provider can deliver. As the leader of a marketing agency, you want to help clients develop their businesses and realize their full potential. Your goal for your own business should be the same. But […]

Bookkeeping Tips for Fitness Club Owners

Shape up your club and get fiscally fit with professional bookkeeping and controller support. A financially healthy fitness club requires a healthy fiscal regimen rooted in discipline and routine. Like a personal trainer, an outsourced bookkeeping and controller services provider can give you the expertise and structure required to keep your finances in shape. Here’s a basic financial workout […]