CMC Virtual Bookkeeping Services

01/29/2026

💥 Reminder 💥

🛑Don't Miss the Upcoming Employer Tax Deadline

Several tax forms are due February 2nd for employers.

‼️Employer Documents Due February 2nd‼️

1099-NEC
Use this form to report compensation made to non-employees, including independent contractors & other workers.

Form 1099-MISC
Use this form to report various types of miscellaneous income like rents, prizes, awards, medical payments, or payments to attorneys paid to individuals or unincorporated businesses during the tax year.

W-2
Use this form for each employee to report their salary, wage, or other form of compensation, and the amount of taxes withheld from their paycheck.

W-3
Use this form to summarize and compile all the information on the W2s provided to all employees.


1096
Use this form to summarize the information provided on all form 1099-NECs sent to non-employees.

941
Use this form to report income taxes, F**A taxes, and employer payments withheld from employee's paychecks. This form needs to be filed quarterly.


For more information about these employer forms, visit this IRS page.

Happy filing!

Find tax information and tools for businesses including Employer ID Number (EIN), Employment Tax, Estimated Tax and the Foreign Account Tax Compliance Act (FATCA).

06/18/2025

💸 Want to SAVE money in your business? Start with your books.

📊 Good bookkeeping isn’t just about tracking expenses—it’s about finding opportunities to grow and save.
Here’s how smart bookkeeping can put 💰 *back* in your pocket:

✔️ Catch unnecessary subscriptions & wasteful spending
✔️ Track tax-deductible expenses year-round
✔️ Avoid late fees & penalties with on-time payments
✔️ Spot profit leaks before they drain your business
✔️ Make informed decisions using REAL numbers—not guesses

✨ A clean set of books = a confident business owner.

📥 DM “SAVE” and let’s talk about how much money you might be leaving on the table 👀

06/17/2025

💡 Bookkeeping Insight: Why Cash Flow is King 👑

Your business might be profitable on paper, but if you don’t have cash on hand, you could still struggle to pay bills, suppliers, or yourself.

Here’s how bookkeeping helps you stay ahead of cash flow problems:
📘 Tracks incoming and outgoing funds in real-time

📅 Forecasts slow seasons or big expenses

🔁 Helps set aside reserves for taxes and emergencies

💳 Identifies unnecessary spending or overdue invoices

📈 A healthy cash flow = a healthy business.

👉 Not sure where your cash is going each month? That’s where we come in. Let’s make your numbers work for you, not against you.

06/05/2025

🤔 Did You Know?
82% of small businesses fail due to cash flow problems.
Bookkeeping isn’t just about taxes—it’s about keeping your business healthy year-round.
Need help understanding your cash flow? I can break it down for you.
📲 Schedule a free 15-minute chat.

06/02/2025

💡 Money Monday: Quick Tip!

Separate your personal and business finances.
Mixing the two makes taxes more complicated and can cause significant bookkeeping headaches.

👉 Open a dedicated business checking account—your future self will thank you!

Need help organizing your books? Let’s chat.

📩 DM me for a free consultation.

05/07/2024

Bookkeeping is time-consuming and stressful for businesses, but it has the most significant impact on your business. Here are some tips to help you create a less stressful effect when dealing with your financial books.

1. A business should have a separate business account to track business expenses and income only.
2. Paying bills and invoicing clients in a timely manner creates a less stressful work environment. Create a system for tracking incoming bills, invoices, and Accounts Receivable/Accounts Payable.
3. Create a system to track and store paid bills and invoices, whether in a physical or digital filing cabinet.
4. It is important not to get behind! Set aside a time each week to review your finances and double-check what has been processed and what is waiting to be processed.

Side note: We are here to help you! We specialize in processes and procedures to help you streamline one of the most important aspects of your business. Your success is our success. Call us today!

04/15/2024

Want to focus on growing your business? Let us help you cross off bookkeeping from your To-Do List forever!

02/07/2024

Let's us help you get your business "2023 Tax Ready"!! Call us today!

02/03/2024

Deadline March 15, 2024〰️

☑️ File business tax returns for partnerships, S corporations, or LLCs that are taxed as partnerships (deadline for calendar year filers).
Deadline to file Form 2553 to switch your business election to an S corporation (S corp) for tax year 2023. If you miss this deadline, your business will not be treated as an S corp until calendar year 2024.

Deadline April 15, 2024〰️

☑️Deadline for C corporations, sole proprietorships (Schedule C), single-member LLCs or LLCs taxed as corporations, and individuals to file their tax returns.

Last day for you to make 2023 contributions to a traditional and Roth IRAs.

Deadline Sept. 15, 2024〰️

☑️If you requested an extension, the deadline to file your partnership or S corporation return

Deadline Oct. 15, 2024〰️

☑️If you requested an extension, the deadline to file your sole proprietorship, multi-member LLC, or corporate return.

For more information, call or email us!

01/29/2024

IRS New Rule for 1099s:
The limit on how many paper filings you can file with the IRS has been lowered in 2023 from 250 to 10. If you have 10 or more combined 1099s and W-2s, you must file them electronically. To learn more, see IRS and Treasury issue final regulations on e-file for businesses .

You must file corrections for 1099s and W-2s the same way you filed the original forms. For example, if you have e-filed your 1099s or W-2s, you must also e-file your corrected form. If you have filed by paper, your correction must be on paper. To learn more, see IRS and Treasury issue final regulations on e-file for businesses.

https://www.irs.gov/newsroom/irs-and-treasury-issue-final-regulations-on-e-file-for-businesses

01/24/2024

Welcome to CMC's page! We are new to Facebook, but not to accounting. Need references? We got them!

We help companies increase their profit by optimizing their bookkeeping and providing actionable data they can use to grow their business!