FreeSource - Accounting & Business Blog

Important Information: Beneficial Ownership Information (BOI) Reporting Mandate

As many of you are aware, a section of the Corporate Transparency Act mandated that small businesses report information about the business and the individuals in control of it to the federal government. In an important ruling regarding...

8 Ways Businesses Benefit from Budgeting and Financial Planning

Budgeting and financial planning are essential to running a successful business and play an important role in managing finances, assessing performance, managing growth, and making informed business decisions. Here are eight ways...

The Power of Proactive Accounting: How It Can Transform Your Business

Accounting is more than just number-crunching and tax preparation; it is a critical component that can drive the success of any business. While many business owners perceive accounting as a reactive task, waiting until tax season to...
1099 Filing Requirements

1099 Filing Requirements

As the year winds down and 2024 comes to a close, it’s a good time to start thinking about your 1099 filing requirements. Staying on top of this important...

read more