With the rise of digital payment platforms like Cash App and Venmo, businesses are increasingly conducting transactions through these channels. While these platforms offer quick and convenient payments, they also require careful monitoring for 1099 reporting purposes. The IRS now mandates businesses to report payments made through third-party networks, including digital payment platforms, on their […]
In the realm of small business management, mastering bookkeeping is key to financial success. This comprehensive guide explores essential bookkeeping practices tailored for small businesses, offering actionable strategies to simplify and optimize this vital process. Why Bookkeeping is Crucial for Small Businesses Bookkeeping is the backbone of financial management for small businesses, providing insights into […]
While Chattanooga has plenty of payroll and benefits companies, many of those have focused on providing services for larger organizations—until now. Southern Payroll & Benefits arose to fill the essential need of human resources services for companies with one to 99 employees, focusing tightly on companies in any line of work with 49 or fewer […]
