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Thoughts on growing a business, raising money, getting the word out, and increasing profits. Plus, ZipBooks news!

  • Even More Variables for your Email Templates

    Posted 8 months ago in Product update
    by Karin Hernandez

    When we started getting requests to make our email templates smarter, we jumped at the chance. That’s why we’re adding over 40 more shortcuts to make your business emails more personalized. We hope that these additional email template variables help your business life run smoother than ever. Below is a list of variables you can […]

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  • Uber tax tips (also Lyft and other ridesharing drivers)

    Posted 9 months ago in Small Business Tips
    by Karin Hernandez

    If you’re a driver for Uber, Lyft, or some other ridesharing service, you may not be aware that you’re considered an independent contractor, or in other words, self-employed. Lawsuits are pending in some states that contend that you should be treated like an employee but until that is all sorted out, for tax purposes, you’ll […]

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  • When to Use Tax Form 1099-C for Cancellation of Debt

    Posted 9 months ago in Small Business Tips
    by Karin Hernandez

    Sometimes, despite your best efforts to manage your debt responsibly, the situation gets out of your control and you find yourself owing more than you can reasonably pay back. In that case, there are ways for you to negotiate with your creditors so that they accept less than the total of what you owe. Unfortunately, […]

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  • What Is IRS Form 1099-Q?

    Posted 9 months ago in Taxes
    by Karin Hernandez

    If you’re paying for education expenses out of a tax-free education account for yourself or a dependent, then you’ll receive a 1099-Q form from your plan administrator at the end of the year. The 1099-Q details the distributions that you received from your qualified tuition program. As long as the distributions are spent on “qualified […]

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  • What Is IRS Form 1099-SA: Distributions from an HSA, Archer MSA, or Medicare Advantage MSA?

    Posted 10 months ago in Small Business Tips
    by Karin Hernandez

    While most health insurance plans offer the ability to pay for your premiums with pre-tax dollars, there are now some plans that offer additional tax-free or tax-deferred benefits. If you participate in a high-deductible plan that is paired with a Health Savings Account (HSA) or Medical Savings Account (MSA) for your out-of-pocket expenditures, then your […]

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  • 1099-K vs 1099-MISC—What’s the Difference?

    Posted 10 months ago in Small Business Tips
    by Brad Hanks

    If you use contract employees (also known as independent contractors, freelancers, or self-employed workers), you know you have to issue them a 1099-MISC if you pay them over $600 in a year. But what’s this new thing called a 1099-K, and what does it have to do with your business? In other words, what’s the […]

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  • What Is a Schedule K-1 Form?

    Posted 10 months ago in TaxesSmall Business Tips
    by Jenny Rollins

    Taxes can get all kinds of complicated. You have to fill out a series of forms that you don’t understand and then the IRS penalizes you when it’s not done properly. There’s no reason to make things harder than they need to be. So, let’s break down the Schedule K-1 form together. Very basically, a […]

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  • How to Fill Out a Schedule C Tax Form

    Posted 10 months ago in Taxes
    by Karin Hernandez

    If this is your first year in business, you are about to experience filing taxes as a business owner. This can either be a complete pain or a piece of cake, depending on how savvy you are when it comes to taxes and deductions. When you’re a regular employee, you receive a W-2 form that […]

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  • 1099-MISC tax form DIY guide

    Posted 10 months ago in Small business guide
    by Karin Hernandez

    What is a 1099-MISC form? What kind of income is reported on a 1099-MISC form? Who Files the 1099-MISC Form? Who Gets a 1099-MISC? Is There a Minimum Threshold Dollar Figure? How Do You File the 1099-MISC? How and When Do You Issue the 1099-MISC?   What is a 1099-MISC form? You may have heard […]

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  • Top 10 1099 Tax Deductions

    Posted 10 months ago in Taxes
    by Jenny Rollins

    Figuring out your tax liability for income reported on your 1099 forms can get pretty complicated. We’ll make sure you reduce your tax liability to the lowest level allowed by the IRS by walking you through some of the most common 1099 tax deductions. The tax rate for 1099 income is twice the rate of […]

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