Alternative Business Solutions

09/08/2012

Pierrette’s Business Tid Bits:

Employee vs: contract labor-what are the specifics. Contract labor should have a contract, W-9 and they bill you on their invoices. They also must have business cards and work for others. They are issued a form 1099 at the end of the year for all services of $600.00 or more. If the person does not “qualify for these criterias” they are an employee and must be on payroll. Payroll involves payroll taxes, tax returns, workers comp insurance and a W-2 is issued at the end of the year. Be careful with this one, it can get very nasty and expensive for you. For ways of getting caught, you can contact me at Alternative Business Solutions 541/935-8309.Visit us at www.ABSVeneta.com

Alternative Business Solutions serving Veneta, Elmira, and Junction City, Oregon

07/11/2012

Pierrette’s Business tid bit:


With IRS it is illegal to not report all your income but overstating expenses is just a mistake. So, make sure your sales are correct and the deposits in your books match the bank’s deposit. Your income needs to be “air-tight” but expenses can be a little sloppy-it’s called poor bookkeeping. For further information, contact me at Alternative Business Solutions 541/935-8309 or visit us on www.ABSVenta.com.

06/28/2012

Thank you Pierrette for your concise, professional, and thorough Bookkeeping services. I wouldn't have a business today without you.

06/21/2012

Pierrette’s Business Tid Bits:

Are you aware large companies have more than one set of books? Yes, they usually have three and all three are legal. One set based on tax law, one set for investors’ requirements and one set for internal use which usually has a budget. So, it would not be unusual for you to have more than one set of books- i.e. one for tax and one for internal use and/or the bank. Call today for further information. You can contact me at Alternative Business Solutions 541/935-8309 or visit us at www.ABSVeneta.com.

06/21/2012

Most CPA's/Accountants take a conservative approach towards preparation of your tax return. We take an aggressive but legal approach to minimize your tax liability. If you would like a second opinion, we offer a free consultation and review for possible additional tax advantages.