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Run a marketing agency and you live this every year. A freelance designer for the rebrand. A copywriter for the email sequence. A video editor for the launch. A media buyer running paid social. A white-label developer you subcontracted for a client site. You pay them fast — across Bill.com, PayPal, ACH, sometimes a personal card when a project is urgent. Then January arrives and you cannot remember who crossed the $2,000 1099-NEC threshold or whose W-9 you never collected. Th

Marketing agencies pay dozens of freelancers every year — designers, copywriters, developers, video editors, media buyers. Starting January 1, 2026, the IRS changed how Form 1099-NEC works under the One Big Beautiful Bill Act. The 1099-NEC 2026 changes raised the reporting threshold from $600 to $2,000. If your marketing agency issues freelancer payments that meet the new threshold, you need to understand what changed, what the penalties are for getting it wrong, and why book

Running a small business means wearing many hats. You are the owner, the salesperson, the customer service team, and often the person managing every dollar that comes in and goes out. For many small business owners, bookkeeping falls to the bottom of the priority list, something to deal with later. The problem is that later can cost you significantly more than if you had stayed on top of it from the start. A professional bookkeeper does more than organize your receipts. They

In today's online world, construction companies need specific software. They want accuracy and speed, which is why many choose Sage 100...

To some business owners, doing bookkeeping is probably their least favorite task. Even ones who are confident with bookkeeping, may...

Along with direct materials and direct labor, overheads are also a very important cost element to determine directly to your business’s...

Variable costs and fixed costs comprise the total cost of your business activity. While these costs seem complicated at the first plan,...

Many businesses undertake long-lasting projects with substantial budgets but struggle to find an effective way to invoice customers. Many...

As a small business owner, you have everything on your plate, from taking care of customer relationships, marketing and sales, finance,...

As a business owner, it’s important to differentiate the meaning of a trial balance and balance sheet so you can use them for the right purpose. Both the trial balance and balance sheet are essential types of financial reports that help verify accounting accuracy and support business decision-making. A trial balance definition is a summary report that lists all the balances of the general ledger accounts at a specific point in time, ensuring that total debits equal total cred

Under an untrained eye, bookkeeping and accounting may appear to be the same profession. It’s a common misconception regarding the two...

Preparing your tax return is an important step at this point.