Why Cash Flow Management Is Important At Year-End in Your Business

Key Takeaways Profit doesn’t equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow management is about accelerating what comes in and strategically optimizing (delaying) what goes out (legally, of course). Your year-end Cash Flow Statement is what lenders look at first (not your P&L). …

What Year-End Moves Can Protect Owners From Form W9 Mistakes?

Key Takeaways Keep every contractor’s Form W9 on file before the first payment. If your contractor won’t give you a W9, be persistent. The IRS requires a three-step written request process. Use the IRS TIN Matching tool before filing your 1099s. It verifies name/TIN combos and supports reasonable-cause relief if the IRS flags an error…

Changing Your Business Entity Means A Lower Tax Bill, Owners

Quick Summary: Could Changing My Business Entity Mean a Lower Tax Bill? If you’re a Sole Proprietor or single-member LLC, you’re likely paying a hefty 15.3% Self-Employment (SE) tax on 100% of your profit. Electing S-Corp status could cut that tax bill by splitting your income between salary (taxed) and owner’s distributions (not subject to…

New 1099 NEC Threshold: How Do I Pay Contractors?

“Simple can be harder than complex.” — Steve Jobs Quick Summary: What’s Changing With The 2026 1099 NEC Threshold? Businesses will only need to issue a 1099-NEC if they pay an independent contractor $2,000 or more in a calendar year. The new rule begins for tax year 2026. Business owners: less paperwork, but you still…

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Why small business owners love working with Eco-Tax

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