Are you ready for Year End 2009?

Review your vendors/subcontractors and make sure your W-9 information is correct.
Reconcile your accounts payable payments for 1099 vendors for accurate reporting in January 2010.

Review your employee information, has anyone moved?

Reconcile your payroll for the year for accurate reporting for the W-2; January is just around the corner

Employee vs. Independent Contractor?

Classification depends on the degree of control exercised by the business – all evidence of the degree of control.  Facts that are evidence of control vs. independent fall into 3 categories: 

Behavioral Control;
Financial Control;
Relationship between the parties.

Generally Accepted Accounting Principles

Principle of regularity: Regularity can be defined as conformity to enforced rules and laws. Principle of consistency: The consistency principle requires accountants to apply the same methods and procedures from period to period. Principle of sincerity: According to this principle, the accounting unit should reflect in good faith the reality of the ...