What’s a well-known piece of business advice some first-time founders might misinterpret or struggle to implement properly?
No matter what industry you are in, including these items in your end-of-the-year rundown keeps your books in order and a CEO’s mind at ease.
The ballots have been cast, the votes counted, and we now know who will be our next president: Donald Trump. While talk of actual policy wasn’t always the emphasis of this tiresome election cycle, we’re now getting a clearer picture of his plans: a traditionally conservative proposal of tax cuts to spur economic growth.
With the end of the year rapidly approaching, there’s one number businesses are just as concerned with as the one occupying the bottom line: 1099. Companies are gearing up for the annual filing of these documents, but it shouldn’t be too daunting a task for shops that stayed in front of their record-keeping all year. Basically, companies must issue a Form 1099 to vendors or subcontractors that have earned $600 or more during the year.
Cloud-computing taxation is a complicated issue. Laws and regulations vary not only across national borders, but also across state lines. While there are handy primers available, wrapping your head around all the sales and use tax cases can be a real struggle.
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