Cash flow is the lifeblood of any business. Whether you’re a startup or an established company, managing cash flow effectively can mean the difference between success and failure. Have you ever found yourself struggling to pay suppliers or employees despite having...
CPA
The Real Cost of Cheap Bookkeeping: Lessons from Bench’s Abrupt Shutdown
Remember that collective gasp when Bench suddenly closed its doors on December 27? If you relied on their online platform for your business bookkeeping, you likely experienced a moment of panic: “Who’s managing my books now?” How do you trust a system when it vanishes...
Don’t Let 1099s Slip Through the Cracks: A Guide for Small Businesses
As a small business owner, you juggle countless tasks—from managing cash flow to nurturing client relationships. Amid the chaos, one critical compliance detail can easily be overlooked: issuing your 1099 forms on time. At Key2 Accounting, we know that even a minor...
Maximizing Tax Benefits: A Guide for Disabled Individuals and Their Families
Planning your financial future when managing a disability can feel overwhelming—but it doesn’t have to be. At Key2 Accounting, we believe that smart tax preparation can transform your financial outlook. Whether you’re managing your own disability, caring for a child...
Partners May Not Be Employees
If your partnership has been treating you and other partners as employees of a disregarded entity owned by the partnership so the partners can participate in employee benefit plans and receive other employee benefits, you’d better read this. Tax regulations (1) issued...
Warning Signs That You Should STOP Managing Your Own Books
On the one hand, it's almost a prerequisite for entrepreneurs of all types to have that "can-do spirit." That sense that nobody else sees things quite like they do so, whatever it is they want to accomplish, it becomes something they know they'll have to do...