by Nizar Janmohammad | Oct 8, 2025 | Uncategorized
“With organization comes empowerment.” —Lynda Peterson Quick Answers: Can I Put Personal Money In My Business Account?If you put personal money into your business account, it must be recorded correctly (as an owner’s contribution, not business...
by Nizar Janmohammad | Oct 3, 2025 | Uncategorized
“Simple can be harder than complex.” — Steve JobsQuick Summary: What’s Changing With The 2026 1099 NEC Threshold?Businesses will only need to issue a 1099-NEC if they pay an independent contractor $2,000 or more in a calendar year. The new rule begins for tax...
by Nizar Janmohammad | Oct 2, 2025 | Uncategorized
Quick Answers: Reduced IRS staffing could mean longer hold times and even an inability to talk to a real person on the other side of the IRS payment agreement phone number. The IRS encourages you to use your IRS Online Account to see balances, confirm...
by Nizar Janmohammad | Sep 26, 2025 | Uncategorized
“To profit from good advice requires more wisdom than to give it.” —Wilson Mizner Quick Answers: Who’s the Best Accountant to Help My Duluth Business Grow? The “perfect” accountant doesn’t exist. But the right fit for your business growth...
by Nizar Janmohammad | Sep 19, 2025 | Uncategorized
Quick Answers: The IRS zeroes in on late or inaccurate Form 990 filings, which are the #1 cause of nonprofit audits. Insider benefits (like inflated executive pay or personal expenses paid with nonprofit funds) almost guarantee IRS attention. Clear...
by Nizar Janmohammad | Sep 17, 2025 | Uncategorized
“The essence of strategy is choosing what not to do.” -–Michael Porter Quick Answers: What Are the OBBBA’s Excess Business Loss Limitations?The OBBBA made the Excess Business Loss limitation permanent (previously set to expire in 2028). For 2025, you...
