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Navigating 1099 Rules for Reimbursed Expenses for Subcontractors
Understanding the rules around 1099 income and reimbursed expenses is crucial for independent contractors and the companies that hire them. At Halsey Resources, we specialize in expert bookkeeping and payroll services to help you navigate these complex tax regulations. In this post, we’ll explore the intricacies of 1099 rules, focusing on how reimbursed expenses should…
Read MoreThe Benefits of Outsourcing Bookkeeping for Seattle Startups and Small Businesses
As a Seattle startup or small business owner, you know how important it is to stay focused on the big picture. You have a vision for your company and must dedicate all your time and resources to making that vision a reality. But, as your business grows, you’ll soon realize that you can’t do everything…
Read MoreCommon Bookkeeping Mistakes Seattle Small Business Owners Make and How to Avoid Them
As a small business owner in Seattle, keeping your finances in order is one of the most important aspects of running your business. Unfortunately, bookkeeping mistakes are all too common and can have severe consequences for your business. In this blog post, we’ll cover some of the most common bookkeeping mistakes to avoid so that…
Read MoreDo you need help with your bookkeeping process?
In today’s fast-paced business environment, keeping track of finances is crucial for the success of any organization. However, maintaining accurate financial records can be challenging, particularly if you need more resources or expertise in accounting. Messy financial reports are a thing of the past, thanks to the advent of modern bookkeeping solutions. In the past,…
Read MoreBookkeeping Tips for Entrepreneurs and Small Business Owners
Bookkeeping is crucial for any business, but it can be incredibly challenging for entrepreneurs and small business owners. Here are some tips to help simplify the bookkeeping process: Keep accurate records: Accurate records are the foundation of good bookkeeping. Please keep track of all transactions, invoices, and receipts, and keep them organized for easy access.…
Read MoreTax Preparation vs. Tax Planning: What’s The Difference?
Financial planning includes taxes. In a world of taxes, it’s often a single event of filing them with the IRS, hoping to get a return, and not making any mistakes. Even though filing taxes is integral to your financial housekeeping, they influence your financial strategy in many other ways. The preparation of taxes is a…
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