The Dreaded Question: Where Has the Summer Gone? As we move through the final stretch of summer, the inevitable question arises: “Where has the summer gone?” While we’re busy enjoying the last sun-soaked days, it’s important to remember a critical…
Maintaining accurate financial records is essential for any business, providing a clear and systematic overview of a company’s monetary inflows and outflows. Here are the fundamental practices of effective bookkeeping: Tracking Expenses Accurate Recording of Transactions Diligent Documentation and Filing…
Starting a business involves critical decisions, and selecting the right business structure is crucial. Each type of entity impacts taxes, personal liability, and the ability to raise capital. Here’s a detailed guide to help you make an informed choice. Sole…
QuickBooks Desktop 2021 will be discontinued on May 31, 2024. Newer versions of QuickBooks Desktop are not (yet) impacted by the discontinuation notice. What does this mean for you if you are currently using QuickBooks Desktop 2021? After May 31st,…
You guessed it: All of them. And if possible, share the documents with your tax pro at the same time. As Congress has made the tax code more complex, taxpayers are receiving more and more tax documents that may need…
Request W-9 Forms By having current W-9 forms on file for the businesses and individuals you will be paying, you will be able to quickly identify who you may need to receive a 1099 form. Current W-9 forms will also…
2024 has brought a new face to the office at BakerStarrett. Ashley Krebill, a native to Brooklyn, has joined our team as the new Chief Operating Officer. With over 15 years of management experience, Ashley will help with managing the…
As we get in the groove of our main tax season, we want to highlight Bryce DeKoning whom we welcomed to the BakerStarrett team in November of 2023. Bryce found his passion for numbers and data at UNI where he…
BakerStarrett welcomed Jarrett DeKoning in November of 2023 and he has been a great addition to the team. He received his bachelor’s degree from William Penn University in both Public Accounting and Business Management. Jarrett brings three years of working…
There are 2 farm programs open currently: Pandemic Assistance Revenue Program (PARP) and Emergency Relief Program Phase 2 (ERP2). Both must be applied for at FSA by June 2nd. To be able to determine if you qualify, as well as…