The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Bookkeeping · 2 min read ·
Understanding 1099s
Let’s talk 1099-MISC forms. Commonly forgotten or misunderstood by businesses, Form 1099-MISC is often the oversight for those looking to pass the tax season with flying colors. Which begs the question: did you submit…
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Bookkeeping · 2 min read ·
Understanding Bill.com -- Our Trusted Tool
When it comes to managing our clients’ bookkeeping, we at AB&P trust Bill.com to help us securely and efficiently handle all accounts payable and receivable – saving us, and our clients, more time to help those they s…
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Bookkeeping · 2 min read ·
Exceptions to 1099 Filing Requirements
In the last post, I shared some basic information on who is subject to report, as well as who is subject to receive form 1099-MISC. If you missed that post, you can find it here. There are exceptions to the rules list…
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Bookkeeping · 2 min read ·
Who Should Receive a 1099-Misc Form?
Business owners are required to file 1099 forms for vendors if the purchases and those who have been paid fall into certain categories. These forms are due to the recipient and the Internal Revenue Service by January…
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Bookkeeping · 2 min read ·
How to Save Money on Bookkeeping
If you're currently working with a bookkeeper, but are looking to save money on your service fees, then we have a few tips to share with you. Our company has been assisting many small business owners for over 12 years…
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Bookkeeping · 3 min read ·
QuickBooks: Desktop Vs. Online
We are often asked by our clients, “Which is better; QuickBooks Online or the desktop version?” Even though our company has our own personal opinion on which software if better, it's important to find out how the vary…
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Bookkeeping · 3 min read ·
Helping Elderly Clients with Bill Pay Services
Although my company helps elderly clients with bill pay services, this is not something I've talked about much when describing services we offer. But today I wanted to share a little bit about what we do in case you o…
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Bookkeeping · 2 min read ·
1099 Vendor Misunderstandings
As my staff has reached out to clients requesting W9 forms for those we don't have on file, I have found there are a lot of misunderstandings regarding who is considered a vendor for 1099 reporting. I've heard comment…
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Bookkeeping · 2 min read ·
Failing to File Information Returns Carries Expensive Penalties
Are you prepared to mail out information returns this month? A law was passed in 2015, changing the penalty amounts for failing to file the IRS information returns and not giving required statements to payment recipie…
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Bookkeeping · 2 min read ·
Managing Bills/Paperwork for Someone You Care About
Do you or someone you know have the responsibility to manage a family member or friend's bills and/or important papers? Do you review the information to make sure everything being paid is needed? Last week I assisted…
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Bookkeeping · 3 min read ·
8 Ways to Reduce Your Company's Expenses PT 2
In the last post, I shared the first four tips from Jonathan Long on how to reduce business expenses. If you missed the last blog, you can read it here. Today I'm sharing the last four. 5. Take advantage of travel rew…
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Bookkeeping · 3 min read ·
8 Ways to Reduce Your Company's Expenses PT 1
I was just reading an article in Entrepreneur.com by Jonathan Long, Founder, and CEO of Market Domination Media, and thought I'd share his information with you in this post. As business owners, we are needing to look…
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