Blog
The Work Opportunity Tax Credit: Year-End Hiring Benefit for East Weymouth Businesses
Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce Agency (SWA) within 28 days of the new employee’s start date. The credit can be worth up to $2,400 per eligible...
Why Cash Flow Management Is Important At Year-End in Your East Weymouth 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...
What Year-End Moves Can Protect East Weymouth Owners From Form W9 Mistakes?
Key TakeawaysKeep 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...
Changing Your Business Entity Means A Lower Tax Bill, East Weymouth 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...
Smart Accounting For East Weymouth Small Businesses in 2025
Quick Summary: What Smart Accounting For Small Businesses Looks Like In 2025Call your tax advisor before making financial moves to avoid missed deductions or costly surprises. You need modern, integrated tools to stay compliant (and audit-ready) in 2025. The...
Answers for East Weymouth Business Owners: Can I Put Personal Money in My Business Account?
“With organization comes empowerment.” —Lynda Peterson Quick Answers: Can I Put Personal Money In My Business Account?If you put personal money into your business account, it must be recorded correctly (as an owner’s contribution, not business...
Who’s the Best Accountant to Help My East Weymouth Business Grow?
"To profit from good advice requires more wisdom than to give it.” —Wilson Mizner Quick Answers: Who’s the Best Accountant to Help My East Weymouth Business Grow? The “perfect” accountant doesn’t exist. But the right fit for your business growth...
New 1099 NEC Threshold: How Do I Pay East Weymouth Contractors?
“Simple can be harder than complex.” — Steve JobsQuick 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...
How Will the OBBBA’s Excess Business Loss Limitations Impact East Weymouth Business Owners?
"The essence of strategy is choosing what not to do.” -–Michael Porter Quick Answers: What Are the OBBBA’s Excess Business Loss Limitations?The OBBBA made the Excess Business Loss limitation permanent (previously set to expire in 2028). For 2025, you can...
Customer Service Retention Strategies That Save East Weymouth Businesses
"Courteous treatment will make a customer a walking advertisement." —James Cash Penney Quick Answers: Customer Service Retention StrategiesFollowing up after every sale or service can dramatically increase loyalty and uncover issues before they become...
How Can East Weymouth Business Owners Know They’re Running A Profitable Business?
My guess is, back when Bill Holley first sketched out Cracker Barrel’s original logo on a napkin, he didn't imagine its retirement would cause a nationwide uproar. The restaurant chain, known for its comfort food and front-porch nostalgia, recently unveiled...
OBBBA’s No Tax on Overtime & Tips: The Positives for Your East Weymouth Business
Raise your hand if you feel like you're juggling too many balls in your East Weymouth business right now. (Yes, my hand is raised too.)Because on top of day-to-day operations, you've jumped into Q3 with a slew of tax code updates from the One Big Beautiful Bill...