Baker Tilly’s team consists of professionals with sophisticated tax expertise, dedicated accounting and analytics and digital solutions experience within the oil and gas industry. With more than 35 years of experience, we help clients innovate to survive the never-ending changing economic conditions. We provide oil and gas accounting you with dependable, cost-effective solutions to reduce your overhead and effort spent…
Failure to address late filings or payments of 1099 forms can lead to significant consequences beyond immediate penalties. Interest on unpaid penalties begins accruing from the due date under IRC Section 6601. The interest rate, based on the federal short-term rate plus 3%, compounds daily, potentially escalating the total liability and straining cash flow. If you receive a Form 1099-MISC…
At-a-glance what are retained earnings visual reports help you see the big picture and give you actionable insights to help you grow your business. Bench simplifies your small business accounting by combining intuitive software that automates the busywork with real, professional human support. However, accountants tend to focus on higher-level analysis, while bookkeepers handle the routine record-keeping. Bookkeepers do not…