by Bobbie Witt | Dec 9, 2025 | Bookkeeping for Business, Small Business, Tax Filing, Tax Help, Tax Tips
If you run a small business, side hustle, or online shop, you’ve probably heard that the IRS has once again updated the reporting rules for Form 1099-K—the form used to report payments processed through platforms like PayPal, Venmo, Cash App, Etsy, Stripe, and Shopify...
by Bobbie Witt | Nov 4, 2025 | Bookkeeping for Business, Bookkeeping for Law Firms, Business Tips, Small Business
The IRS and U.S. Treasury are granting temporary (transitional) relief to lenders and other businesses that must report car loan interest under the One, Big, Beautiful Bill (OBBB) for the 2025 tax year. Under this relief: Simplified Reporting Requirement:Lenders will...
by Bobbie Witt | Jun 17, 2025 | Bookkeeping for Business, Bookkeeping for Law Firms
When the summer sun shines brighter, many small businesses—especially those in professional services and the nonprofit sector—start to feel the seasonal lull. Fewer client calls, postponed meetings, and a general slow-down in operations might feel like a setback. But...
