2017 has been pretty exciting for New Englanders who watched the Patriots successfully win the Super Bowl, but the battle against IRS phone scams has not been so successful. In fact, the IRS has issued several alerts about the increase…
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Tax Season 2017 is here and that means that the Federal Government is prepared to issue penalties for mistakes made. And this year many of the penalties have been increased thanks to law changes and inflation. So what do you…
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So what is a 1099-Misc form and when do you need to file one? A 1099-Misc form is a document the IRS refers to as “information returns”. The form reports the income that you receive that is not listed on…
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We have all heard the phrase in business that “time is money”. A business owner can always get a loan for more money, but the time he has to accomplish his goals and tasks is limited and can’t be replaced….
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It is only October, but it is the perfect time to start gathering the documents you will need for year-end tax season. If you don’t already work with a Certified Public Accountant (CPA), choosing the right accountant for your business…
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You need a bookkeeper for your business, but are all bookkeepers the same? No, much like most professions there are noticeable differences between candidates and knowing what to consider when making your choice will help you to avoid pitfalls. The…
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No one enjoys having their business audited by the IRS, but being prepared with accurate record keeping and maintaining documentation will certainly help. In addition, hiring a professional bookkeeper for your business will alleviate many sleepless nights and help your…
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With user friendly financial software like Quickbooks®, many small business owners are now trying to manage their own bookkeeping instead of outsourcing to a bookkeeper or hiring an employee to handle this task in-house. For someone who has a good…
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The phone rings and a very official sounding person says they are from the IRS, offers a fake badge number, and then tells you that you owe taxes and they want immediate payment or you will be facing jail time. …
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It’s finally spring here at the Hamilton Bookkeeping office, and we’re starting to open the windows and leave our 10-pound parkas at home. In this season that promises growth and warm weather, it’s easy to forget those New Year’s…
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