Articles & Resources

"The Balanced Pages" by J&S Accounting is a valuable blog for small business owners. It offers expert financial advice, tax updates, unbiased perspectives on business tools, and insights into entrepreneurial trends. The blog also features success stories, occasional case studies, and will soon provide a platform for community interaction, making it a comprehensive and useful resource for small business owners.

While accounting may deal with numbers, writing is the language that brings those numbers to life, telling the story of a business's financial health.

Upcoming Quarterly Tax Deadlines for Small Businesses

Saturday, June 08, 2024

J&S Accounting Services

Small business owners must prioritize staying updated on tax deadlines, as managing day-to-day operations is just as important. Understanding and planning for these deadlines is crucial to avoid penalties and maintain your business's good standing.

J&S Accounting Tips: Why You Should Keep Your Business Finances Separate

Monday, June 03, 2024

J&S Accounting Services

Managing finances can be daunting, especially for business owners. Separating personal and business finances is crucial for clarity and efficiency. This blog will discuss the importance, legal and tax implications, practical steps, long-term benefits, and how J&S Accounting can help.

Freelancers Alert: New Rules for Reporting Income via Paypal, Venmo, or Cash App

Monday, April 29, 2024

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If you receive payments through Paypal, Venmo, or Cash App as a freelancer or side hustler, you should know the new income reporting regulations. The IRS has updated the 1099-K tax form requirements, which will affect how you report your earnings in the future.

Maximizing Your Tax Refund: 5 Strategic Financial Moves

Monday, February 19, 2024

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This post offers a guide on making the most of a tax refund. It covers diverse strategies, including debt reduction, student loan payments, establishing an emergency fund, contributing to retirement, and reinvesting in your business. The emphasis is on strategic financial decisions to improve overall financial well-being.

Understanding Tax Obligations For Different Business Structures

Monday, January 29, 2024

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If you are starting a new business, one of the most important decisions you have to make is choosing the right type of business structure. Your business structure will affect how you operate, manage, and pay taxes for your business. By selecting the appropriate business structure, you can minimize your tax liability and maximize your profits.

When Does My Business Need To Issue a 1099-NEC?

Monday, January 15, 2024

J&S Accounting Services

Ready to tackle your taxes? As a business owner, it's essential to stay up-to-date with your financial responsibilities. Make sure you issue the correct 1099 forms to your contractors or service providers. Review this quick guide and make sure you meet the criteria for issuing a 1099-NEC. Learn when to issue 1099-NECs, how to file them, and how to protect your business. Enjoy a faster, time-saving, and easy tax season!

How Business Owners Can Take Money Out Of Their Business Without It Causing Unanticipated Taxation Or Other Negative Effects

Monday, August 28, 2023

J&S Accounting Services

When taking money out of a business, transactions must be carefully structured to avoid unwanted tax consequences or damage to the business entity. Business owners should follow the advice of a tax professional to make sure financial transactions are controlled and do not cause unanticipated taxation or other negative effects.

Business Financing – Tax Problems Caused By Intermingling Funds

Monday, August 21, 2023

J&S Accounting Services

A common problem with single-owner and other closely held corporations is intermingling of funds. This occurs when a corporate shareholder uses his or her personal checking account for corporate deposits or payment of corporate expenses.

Are You Claiming All Your Possible Tax Deductions?

Monday, July 03, 2023

J&S Accounting Services

Are you your own boss? Do you have a trade or business that you run as a sole proprietor or independent contractor? Maybe you’re a member of a partnership, or you have a part-time business on the side. As exciting as this can be, it also brings certain fiscal responsibilities, like filing an annual tax return, paying estimated taxes every quarter, and handling self-employment tax.

© 2023 J&S Accounting. All Rights Reserved.

Disclaimer

This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business from a professional accountant. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. J&S Accounting does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. J&S Accounting does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.

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Disclaimer

This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business from a professional accountant. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. J&S Accounting does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. J&S Accounting does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.