BooksMerge
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BooksMerge finds expert articles on small business accounting, bookkeeping, payroll, and tax strategies. We simplify complex financial topics to help your startup thrive and stay compliant. personal service for startups & small businesses.
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2025 Global Growth Forecasts Dimmed
Global growth forecasts for 2025 have been reduced due to higher taxes, weak investment, rising borrowing costs, and slow consumer demand. Small businesses will face tighter cash flow, increased operating costs, and reduced access to funding. With the right planning, small businesses can stay resilient and protected during this slowdown.
By BooksMerge2 months ago in Education
What is a W-9 Form? A Simple Guide for Small Businesses and Freelancers
A W-9 form is a one page IRS document used to collect the correct Taxpayer Identification Number from a freelancer or vendor. Businesses need this information to file 1099 tax forms at year end.
By BooksMerge2 months ago in Education
1099-MISC vs 1099-NEC: Understanding the Difference That Could Save You Thousands
I'll never forget the Monday morning I opened that envelope from the IRS. My stomach dropped as I read the penalty notice: $5,000 in fines for filing the wrong 1099 forms. As a small business owner who prides myself on getting things right, this was my worst nightmare come true.
By BooksMerge2 months ago in Education
1099-NEC vs 1099-MISC: The Guide to Choosing the Right Tax Forms
Every tax season, business owners face the same dilemma: which 1099 form should I use? The confusion between Form 1099-MISC vs 1099-NEC costs businesses millions in penalties each year. As the IRS processes over 2.6 billion information documents annually, getting your 1099 forms right isn't just important it's essential for your business's financial health.
By BooksMerge2 months ago in Education
