Form 1099-NEC is for business owners who use freelancers and independent contractors. The IRS has unveiled a new form. Yay! Actually, Form 1099-NEC has already existed but was discontinued in 1982. The IRS is simply bringing it back. I know this feels overwhelming, but that’s why you’re reading this. Form 1099-NEC, Nonemployee Compensation For business owners who are familiar with…
Your Resource to Learn the Best Accounting App For Your Business If you had to guess how many small business accounting apps there were on the market, what would you guess? Well there are a shlew out there and all function with their own features and usability. Since this is the case, we’d like to help you differentiate the options out there. You have a…
Making Financial Decisions We all make financial decisions every day. Whether we are deciding which restaurant to buy an Oreo shake from or if your company wants to buyout a multimillion dollar startup. Whatever the case may be, we are constantly choosing how our money is spent. We usually think through these decisions because of a couple things: We don’t like excessively throwing away our…
Everyone who owns and operates a business needs to be tracking and recording transactions and accounts through some type of system. This is obviously so you can know in an instant where your assets, liabilities, and other financial information are. The majority of small business owners use QuickBooks as their bookkeeping software. That is because it offers simple solutions to your day to day business…
During tax season, I hate it when I hear, “I’m surprised to see you.” Background: In case you didn’t know, client referrals are a huge part of any CPA firm’s growth. At Incite, we make a concerted effort networking with clients and other professionals. Between the months of January and April, when we network, we will hear “I’m surprised to see you” more than a…
Each year I do a few things the exact same way. I set my New Year’s resolutions, the next day I break my New Year’s resolutions, and then I create my mileage log template. (I actually don’t do resolutions. I believe in setting SMART goals in annual, monthly, weekly, and daily increments.) But the mileage log I definitely do. Here is the template I am…
Incite Tax & Accounting is a Certified Public Accountant (CPA) firm with offices in Sandy, Utah. With over 10 years of experience handling business taxes for large and small Utah companies, Incite Tax is one of the most qualified business CPA firms in all of Utah. No matter your tax needs, Incite Tax is the firm for the job.
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