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#independent-contractor

Independent Contractor

Contractor payments, 1099 tracking, and compliance

111 postsView all tags
Window Cleaning and Pressure Washing Service Business Bookkeeping: Job Costing Soft Wash Chemicals, Capitalizing Water-Fed Poles, and Recognizing Recurring Contract Revenue Under ASC 606
·mike

Window Cleaning and Pressure Washing Service Business Bookkeeping: Job Costing Soft Wash Chemicals, Capitalizing Water-Fed Poles, and Recognizing Recurring Contract Revenue Under ASC 606

How window cleaning and pressure washing operators job-cost sodium hypochlorite chemistry, capitalize reverse osmosis water-fed pole rigs under Section 179, recognize recurring maintenance contracts under ASC 606, and avoid 1099 misclassification under state ABC tests — with KPI benchmarks for revenue per truck and effective per-hour rate by service line.

bookkeeping
small-business
revenue-recognition
Real Estate Brokerage Bookkeeping in 2026: GCI, Agent Caps, Trust Accounts, and RESPA Compliance
·mike

Real Estate Brokerage Bookkeeping in 2026: GCI, Agent Caps, Trust Accounts, and RESPA Compliance

How independent real estate brokerages should set up their chart of accounts in 2026 — separating GCI, agent splits, and franchise royalties into contra-revenue, running three-way trust-account reconciliations, documenting 1099-NEC payouts under IRC Section 3508, defending RESPA Section 8 entries, and accruing E&O self-insured retention reserves so company dollar, audit readiness, and Section 199A QBI all stay visible.

real-estate
bookkeeping
franchise-bookkeeping
Wedding and Portrait Photography Studio Bookkeeping: Retainers, Second Shooters, Section 179, and Tave Reconciliation
·mike

Wedding and Portrait Photography Studio Bookkeeping: Retainers, Second Shooters, Section 179, and Tave Reconciliation

How independent wedding and portrait photographers should recognize booking retainers as deferred revenue under ASC 606, classify second shooters under the ABC test, capitalize mirrorless gear under Section 179, and reconcile Tave, Studio Ninja, and HoneyBook with the general ledger.

bookkeeping
revenue-recognition
creative-industries
Massage Therapy and Wellness Studio Bookkeeping: Booth Rental, Prepaid Packages, Sales Tax, and Tip Credits
·mike

Massage Therapy and Wellness Studio Bookkeeping: Booth Rental, Prepaid Packages, Sales Tax, and Tip Credits

A practical guide to the seven bookkeeping decisions that determine whether a massage therapy clinic survives a state labor audit — worker classification under the ABC test, ASC 606 deferred revenue for prepaid packages, retail sales tax on CBD and body care, Section 45B FICA tip credit eligibility, Section 179 expensing, MindBody and Vagaro reconciliation, and insurance prepayments.

bookkeeping
small-business
revenue-recognition
Music School Bookkeeping: Prepaid Tuition, Teacher Classification, and Studio KPIs
·mike

Music School Bookkeeping: Prepaid Tuition, Teacher Classification, and Studio KPIs

How music schools should book prepaid tuition as deferred revenue under ASC 606, why recurring teachers usually fail the ABC test for 1099 classification, how to apply Section 179 to pianos and recording gear, and how to reconcile MyMusicStaff or Jackrabbit against a general ledger.

bookkeeping
revenue-recognition
payroll
Form 1099-NEC Filing Season 2026: $2,000 Threshold, IRIS E-Filing, and How to Avoid Stacked Penalties
·mike

Form 1099-NEC Filing Season 2026: $2,000 Threshold, IRIS E-Filing, and How to Avoid Stacked Penalties

For tax year 2026, the 1099-NEC reporting threshold rises from $600 to $2,000 and the IRS replaces FIRE with the IRIS portal. A practical workflow for W-9 collection, TIN matching, backup withholding, e-filing, and avoiding per-form penalties that stack under §6721 and §6722.

tax-compliance
small-business
independent-contractor
Recording Studio Bookkeeping: Session Pricing, Royalty Splits, and Section 179 on Pro Tools Rigs
·mike

Recording Studio Bookkeeping: Session Pricing, Royalty Splits, and Section 179 on Pro Tools Rigs

How commercial recording studios should book session vs. project revenue under ASC 606, classify engineers and producers across W-2, 1099-NEC, and 1099-MISC Box 2, treat client retainers as liabilities, separate producer points from mechanical royalties, and decide between Section 179 and MACRS on studio gear.

bookkeeping
creative-industries
revenue-recognition
Travel Agency Revenue Recognition: ASC 606 Principal vs. Agent, ARC Settlement, and 1099-NEC Guide
·mike

Travel Agency Revenue Recognition: ASC 606 Principal vs. Agent, ARC Settlement, and 1099-NEC Guide

Two travel agencies can book the same $10,000 trip and report revenue ten times apart under ASC 606. A practical walkthrough of the principal-versus-agent control test, departure-date timing, ARC settlement flows, host agency commission splits, and 1099-NEC reporting thresholds.

revenue-recognition
travel
accounting
Salon and Barbershop Booth Rental Bookkeeping: Schedule C vs Schedule E, 1099 Rules, and Self-Employment Records
·mike

Salon and Barbershop Booth Rental Bookkeeping: Schedule C vs Schedule E, 1099 Rules, and Self-Employment Records

Salon and barbershop booth rent can land on Schedule C, Schedule E, or both — and it is usually the booth renter, not the shop, who owes the Form 1099-MISC. A practical guide to worker classification, deductions, and audit-ready bookkeeping for shop owners and booth renters.

bookkeeping
small-business
self-employment
Section 530 Safe Harbor: How Businesses Survive IRS Worker Reclassification Audits
·mike

Section 530 Safe Harbor: How Businesses Survive IRS Worker Reclassification Audits

Section 530 of the Revenue Act of 1978 blocks the IRS from assessing back payroll taxes on reclassified 1099 workers if a business proves reasonable basis, substantive consistency, and reporting consistency. Revenue Procedure 2025-10 now requires examiners to consider the relief first and sets 25% / 10-year thresholds for the industry-practice safe harbor.

tax-compliance
payroll
audit
Surviving the Workers' Comp Premium Audit: A Small Employer's Field Guide to NCCI Class Codes, Officer Elections, Overtime Carve-Outs, and Subcontractor Traps
·mike

Surviving the Workers' Comp Premium Audit: A Small Employer's Field Guide to NCCI Class Codes, Officer Elections, Overtime Carve-Outs, and Subcontractor Traps

Workers' compensation premium is recalculated every year using your actual payroll, and unprepared small employers routinely owe five-figure true-ups. This guide walks through the NCCI premium formula, the standard exception rules, the overtime carve-out math, owner and officer exclusion forms, the subcontractor COI rules that trigger the largest audit hits, and how to dispute a Final Audit Statement.

small-business
audit
payroll
California AB5 and the ABC Test: Classifying Workers, Using the B2B Exemption, and Surviving an EDD Audit
·mike

California AB5 and the ABC Test: Classifying Workers, Using the B2B Exemption, and Surviving an EDD Audit

A working guide to California AB5, the three-prong ABC test, the Borello and business-to-business exemptions, and EDD audit exposure that can reach $25,000 per willful misclassification — plus a practical compliance workflow for small businesses.

california
independent-contractor
compliance
Showing 85–96 of 111 posts