5 Steps to Be Ready for Tax Season
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The FABS Ledger
As we near the end of the year it is beneficial to start thinking about the upcoming tax season. I know it is more fun to think about and...
Sheri-Lynn Fournier
- Sep 7, 2022
- 4 min
Is One Business Bank Account Enough?
The short answer is yes, it can be. I work with many solopreneurs who have only one business bank account and it works well for them....
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Sheri-Lynn Fournier
- Apr 8, 2021
- 3 min
4 Things Business Owners Should Do at the Beginning of a New Quarter
Have you ever wondered if there were things you should be doing on a quarterly basis that maybe you were missing? Here are 4 things you...
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Sheri-Lynn Fournier
- Jan 18, 2021
- 4 min
6 Things to Outsource to Save You Money This Year
Most small businesses start out on a budget and the small business owner tries to save money wherever they can, which means doing a lot...
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Sheri-Lynn Fournier
- Nov 13, 2020
- 2 min
What you need to know about the new 1099-NEC
If you own a business or are a freelancer/subcontractor to businesses, you are most likely very familiar with the 1099-MISC form. This...
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Sheri-Lynn Fournier
- Jul 22, 2019
- 3 min
When An Expense Isn’t An Expense
As business owners and freelancers, we pay a lot of different vendors for a lot of different things. Most of these payments wind up on...
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Sheri-Lynn Fournier
- Aug 14, 2018
- 2 min
5 Things to Know about the New Tax Laws as a Business Owner
What do you as a small business owner need to know regarding the tax changes that took effect with the passing of the Tax Cuts and Jobs...
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Sheri-Lynn Fournier
- Jan 17, 2018
- 3 min
Choosing the Right Tax Preparer for Your Business
It’s that time of year again and many business owners are looking to their tax preparer to help them file their tax return, reduce their...
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Sheri-Lynn Fournier
- Jul 17, 2017
- 3 min
4 Things to do This Summer to Make Tax Time Easier
Summer is not the time when most business owners are thinking about taxes. We tend to be more focused on vacations, barbecues, beach...
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Sheri-Lynn Fournier
- Feb 9, 2017
- 3 min
Records You Should Keep for Your Business Taxes
If you’re like most business owners, you’ve started boxing up files, paperwork, and payroll records for 2016 to make room for what will...
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Sheri-Lynn Fournier
- Jan 12, 2017
- 2 min
Stop Wasting Time on 1099s
It is that time of year…Small business owners all over the country are spending time gathering information from their vendors and...
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Sheri-Lynn Fournier
- Dec 20, 2016
- 2 min
Holiday Related Business Deductions
Accounting guidelines for holiday parties, gifts, and bonuses ‘Tis the season for giving. During the holidays, many businesses reward...
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Sheri-Lynn Fournier
- Oct 5, 2016
- 2 min
1099-MISC Confusion – Deciphering the Rules
In recent years there have been some significant changes to the rules regarding issuing a 1099-MISC Form. It used to be easy. If you...
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Sheri-Lynn Fournier
- Aug 9, 2016
- 2 min
Are You Ready for the New Overtime Rules?
On December 1, 2016 new overtime rules go into effect for salaried employees. Wait, salaried employees don’t get overtime, right? Not...
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Sheri-Lynn Fournier
- May 2, 2016
- 3 min
Mixing Funds Can Make A Sour Cocktail
If you’ve read even one “Bookkeeping For Small Business” article or blog post you know that the one of the first pieces of advice is to...
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Sheri-Lynn Fournier
- Feb 9, 2016
- 2 min
New IRS “Help” Initiative for Employers Struggling with Payroll Tax Payments
I’ve encountered it a few times over the years. I meet a business owner and he or she are in a terrible position. They had experienced...
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Sheri-Lynn Fournier
- Jan 19, 2016
- 3 min
Who Should Get a 1099?
It is that time of year again, Form 1099s are being worked on, many may have already been sent. So, if you are a new business owner, or...
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Sheri-Lynn Fournier
- Jan 11, 2016
- 2 min
That Isn’t the IRS Calling
I’ve received them, my clients have received them, friends have received them. Phone messages that state you owe the IRS money and a...
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