FreeSource - Accounting & Business Blog

Haven’t set up your 2025 budget yet? It’s not too late, and we can help.

Creating a budget for your business is crucial for financial stability and growth. Here’s why it matters:   Financial Control & Planning A budget helps you track income and expenses, ensuring that your business stays profitable....

5 Financial Resolutions for Small Business Owners in 2025

The start of a new year is the perfect opportunity to reassess your organization’s financial health and set new goals. With the right focus and strategies, 2025 can be a year of growth and stability for your small business. Here are five...

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 deadline is key to remaining compliant with IRS regulations, and we’re here to help...

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...

Top Tax Deductions to Remember Before Year-End

As the end of the year approaches, it’s time for business owners to start planning for tax season. Maximizing your deductions is one of the best ways to reduce your taxable income, ensuring you keep more of your hard-earned money. Here...

The Hidden Costs of DIY Bookkeeping & When to Seek Professional Help

Running a small business often involves wearing many hats — marketing, sales, customer service, and yes, bookkeeping. While it may seem like a good idea to handle your business's financials yourself to save money, DIY bookkeeping can come...
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...

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