Reporting Requirements for Businesses That Make Payments for Nonemployee Compensation, to Attorneys, and for Rents
January 7, 2020
Any business that pays another individual or business at least $600 of nonemployee compensation, attorney/legal fees, and/or rents are required to have 1099-MISC forms prepared and furnished to both the payee and the IRS. In addition to corporations and partnerships, those who report business activity on Schedule C, Schedule E (rental activity), and Schedule F (farming) on Form 1040-U.S. Individual Income Tax Return are subjected to the reporting requirements.
December 31, 2019
It’s entirely possible for your business to be largely profitable, but struggle financially. Businesses must make a profit in order to achieve these three things: employees to have a job, customers to have goods and services to buy, owners and shareholders to get a return on their investment.
December 2, 2019
Our goal is to help grow our clients into financially fluent business owners. Developing this fluency allows for a better understanding of your company's numbers and what those numbers are doing for you.
November 4, 2019
We understand that your business is your priority, and it’s our priority to help you find the best success possible for your entrepreneurial endeavor. We can be accessible to you whether you’re just a few miles away or across the globe.
October 1, 2019
If you’re asking yourself if your business can endure a large expense, you’re not alone. Many businesses have been affronted by these decisions as they continue to grow and expand. The answer could be more straight-forward than you realize, especially if you consult our decision support services.
September 4, 2019
Cunningham, Powell, Alexander, A.C. is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give our firm a fresh look. We’ve also continued to research and identify the latest and greatest technologies to improve the services we provide and ensure we continue to meet your needs.
August 29, 2019
If you have worked or paid taxes in the past 35 years, you likely already know about tax-deferred retirement accounts.
August 1, 2019
Most other accountants don't provide strategic planning, but our accountants are uniquely Level 5 Certified Advisors, which means we go above and beyond simply assisting you with your taxes. Through our program, we are able to help businesses advance by comparing and identifying potential problem areas that might be holding you back from the growth you desire from your business.
July 12, 2019
As a business owner you need to know how your business is performing. Both in comparison to prior years and to your competitors. With this data in hand changes can be made to your business resulting is a significant increase to your bottom line.
July 12, 2019
Transitioning to Cunningham Powell Alexander, A.C. doesn’t have to be a hassle for your business. At CPA, we have specialists who are trained and qualified to help get you through that process with our onboarding program, so you don’t have to deal with the confusion and frustration of integrating your data into our CPA ecosystem. Not all accounting firms have an onboarder to help you through this process.
June 13, 2019
Let’s not underestimate the importance of keeping a reliable and accurate set of books. QuickBooks has provided several accounting software options over the years, such as desktop, enterprise, and online versions. It is no surprise that QuickBooks holds more than 95% of the accounting software market. The QuickBooks Online (QBO) version has proven to be one of the most integrated software options available.
How much is your business worth? At some point in time all business owners are faced with this question. There are also two corollary questions:
Cunningham Powell Alexander, A.C. is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give our firm a fresh look. We’ve also continued to research and identify the latest and greatest technologies to improve the services we provide and ensure we continue to meet your needs.
Take a moment to...