Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

What’s the Difference Between Bookkeeping and Accounting?

Accounting and bookkeeping are vital processes that small businesses use to ensure their financial information is accurate and complete. Bookkeepers and accountants work with financial data, and both professions require a basic knowledge of accounting practices. Because of this, small business owners might think they’re one and the same. Regardless of their similarities, the functions […]


Types of 1099 Tax Forms: Each Form Explained

Whether you’re a business owner or an independent contractor, you might feel overwhelmed by paperwork – especially during tax season. The multitude of types of 1099 tax forms adds to the complexities of tax compliance.  You may encounter 1099 tax forms for multiple reasons. Examples include hiring (or working as) an independent contractor, earning interest […]


Section 179: Everything You Need to Know

Taxes can be a headache, especially when you’re unsure of the technical rules.  Section 179 allows taxpayers to take an immediate tax deduction for property placed in service during the year instead of deducting the cost over several years.  This article will explain the Section 179 rules and help you understand how to take advantage […]


Freelancing and Form 1099-NEC: Everything You Need to Know

Independent contractors, freelancers, sole proprietors, self-employed individuals, and gig workers. No matter what you call it, earning an income from something other than a full-time job is booming in the United States. According to, 73.3 million Americans call themselves freelancers, up from 57.3 million in 2017. While freelancing offers significant benefits not available for […]


Different Types of Accounting That Boost Business Success

You’re probably thinking to yourself, “Accounting is accounting, right? How many different types of accounting can there be?” Here’s a look at what accounting is, the different types of accounting, and why each type is essential in ensuring your business is profitable and growing. What is accounting? Accounting is the recording of an individual’s or […]


What Do Accountants Do for Small Businesses?

An accountant is an indispensable part of operating a small business. Accountants provide financial services to owners and entrepreneurs, including tax advisory, state and federal compliance, and more, all to minimize a business’s overall tax burden.  Whether you’re an experienced owner or just starting, this blog provides a high-level overview of what accountants do, their […]