Todd's Accounting Services

Wondering if you’ll see a Form 1099-K in your mailbox this year? Here’s what’s important to know: You might receive one without owing any taxes on the reported income. This is because the payment network is obligated to do so for transactions above the 600 dollar mark. Just because you get a 1099...

Organizing your financial world can feel like a daunting task, but it's actually made up of SIMPLE steps that go a long way. Those steps include:
1. Finding a good home for your documents
2. Determining what to keep and what to throw away
3. Sorting your papers
4. Spending 5-10 minutes a day main...

Business owners and entrepreneurs are risk-takers by nature.
But are you holding back and stunting your growth? One "big picture" concept you can use to guide your risk-taking decisions and still see large returns: Invest in your education. The wisest entrepreneurs read about the success/failures...

When considering raising your prices, start by thinking about what you offer that draws in the most new customers. Raising prices on that should be a last resort. Start by increasing prices on your premium, extra, or add-on items. Customers don’t use those until they’ve become loyal to your brand...

Ever feel like tax deadlines are like that distant relative who shows up unannounced? Well, here's your friendly reminder that Uncle Sam is knocking on the door again. The 3rd quarter estimated payment deadline is September 15th. Set a reminder and make sure you've got things in order to make tha...

Tax scams are on the rise and so is taxpayer identity theft. A great way to safeguard yourself is by getting a unique Identity Protection PIN (IP PIN) only known by you and the IRS. If you (or someone posing as you) file a return, the IRS will require that number for filing. To get one use the “G...

Since ChatGPT's release, AI has dominated the headlines. A key debate is AI's impact on jobs. We've seen a whole gamut of responses from business owners: mild interest, full adoption, irritation, worry, and avoidance. As trusted advisors to your business, we humbly suggest finding ways to integra...

Happy employees are the backbone of any successful organization. So, regardless of the compensation terms, consider these moves to help usher in a win-win situation.
1. Listen: Hear their concerns and make sure they feel heard to build trust.
2. Do your research: Back your proposals with statisti...

You've probably been navigating serious twists in your business in the current economic climate where agility is vital. Staying proactive matters. 📊💪 That means adjusting budgets, exploring revenue streams, refining marketing, each step shapes your business. If you need help assessing, adapting...