Some taxpayers manually enter amounts from their Consolidated 1099 without realizing tax software may automatically import the same data from brokerage downloads. This duplication inflates taxable income and results in an overpayment. A 1099 consolidated tax statement combines multiple 1099 forms—1099-INT, 1099-DIV, 1099-OID, 1099-B, and/or 1099-MISC—into a single, multi-page document. Some consolidated statements include all […]

The firm specializes in preparing personal and corporate taxation while providing fractional CFO work and leading the accounting and finance function for several small-to-medium-sized businesses. In his free time, you’ll find Jason on the basketball court, travelling, and spending quality time with virtual accountant family. In contrast, full-time bookkeeping personnel can cost upwards of $50,000

The filter (your contra asset account) holds back what’s no longer useful, so what you’re left with is the good stuff—the net value. Optimizing your handle on contra accounts doesn’t end with just understanding them; it’s about mastering the tools and techniques to manage them effectively. Enrich your expertise by diving into online courses that