Every year, businesses must issue 1099s to individuals and partnerships for payments issued of $600 or more for items such as rent, other income, contract labor, and payments to attorneys. Starting January 2020, payments for non-employee compensation, box 7 of 1099-MISC, will now be issued on the new form 1099-NEC box 1. Determining who must receive [...]
Some travelers want to experience the natural wonders of an area to feel like a local when they stay in a new city. They do not want to be confined inside a highway motel. They dream of staying in a quaint cottage, venturing out of an apartment into the jazz district, of feeling the vibe of [...]
Why do I have to pay taxes? Such a small, interesting question that opens the door for a barrage of follow-up. What are taxes? How are they used? Do we need those things? Are there better ways to pay for them? If you know the answers to these questions, then you might have a bright future [...]
You have your business idea, the concepts laid out, and you’ve registered your business. You’re getting set up for opening day but then you start to think of all the different outcomes your business could take. Will it be profitable? If I have projections, will they be accurate? How will I know how well I am [...]
Some of us dream about the day we get to retire. All of those long, hard years of labor, you can finally hang up the laces for good and life will be wonderful, right? A lot of individuals do not plan financially for that day. You should start planning for retirement right away, in fact, as [...]
If you are like me, as a student, you dreamed of the day where you were a working professional instead of a poor college student trying to balance homework, friends, and a job. However, when graduation day arrives, many students tend to feel more anxious about the future than prepared. A 2018 survey found that only 4 [...]
It is not uncommon to hear about individuals with "side hustles" or secondary income sources. Almost half of working Americans have a gig outside their primary job with the average side hustle bringing in $1,100 a month. While many people are quick to jump on the opportunity to earn more money, just as many fail to properly [...]
[Springfield, MO – October 09, 2020] – Abacus CPAs, LLC, is proud to announce that Adrienne McCoy has been honored as part of the 21st class of Most Influential Women by Springfield Business Journal. The virtual award ceremony is held on October 09, 2020. In the male-dominated field of Accounting, McCoy has distinguished herself as [...]
[Springfield, MO – September 11, 2020] – Abacus CPAs, LLC is proud to announce that William “Bill” Dunton has been awarded the distinction of Legacy Adviser as part of Springfield Business Journal’s 2020 Trusted Advisers. The award ceremony is held later today, September 11, 2020 via webcast. Dunton has decades of experience serving clients. Before [...]
[Springfield, MO – September 11, 2020] – Abacus CPAs, LLC is proud to announce that Cristian Rath has been awarded the distinction of Up & Comer as part of Springfield Business Journal’s 2020 Trusted Advisers. The award ceremony is held later today, September 11, 2020 via webcast. Rath has learned through the years that “People [...]
