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#TuesdayTips – Gusto’s 1099 Solutions for Compliance

Old fashion steel fountain pen with 1099 MICS words

With the rise of digital payment platforms like Cash App and Venmo, businesses are increasingly conducting transactions through these channels. While these platforms offer quick and convenient payments, they also require careful monitoring for 1099 reporting purposes. The IRS now mandates businesses to report payments made through third-party networks, including digital payment platforms, on their […]

#TuesdayTips – Bookkeeping for Small Businesses

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In the realm of small business management, mastering bookkeeping is key to financial success. This comprehensive guide explores essential bookkeeping practices tailored for small businesses, offering actionable strategies to simplify and optimize this vital process. Why Bookkeeping is Crucial for Small Businesses Bookkeeping is the backbone of financial management for small businesses, providing insights into […]

New “Final Rule” Announced by Department of Labor

DOL Final Rule

Department of Labor Final Rule If it feels like we’ve been here before, it’s not just déjà vu…we actually did talk about the differences between a “regular employee” and an “independent contractor” a few months ago. Most of the guidance we talked about back then is still relevant, but at the beginning of this year, […]