The Eric Sheldon CPA, PC Blog

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Eric Sheldon

Keep Your Payroll on Track

Avoid the IRS from breathing down your neck.   Did you know if you miss employment tax deposits the IRS deploys a Failure to Deposit

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Eric Sheldon

5 Startup Payroll Tricks

When your just getting started, doing payroll manually might make sense. But, when you start adding subcontractors or employees, things get a pick trickier.  

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Eric Sheldon

8 Sources of Business Income

There are two main types of revenue streams in a business—active and passive. They are related to the product or service being offered and the

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Eric Sheldon

How is Crypto Reported to the IRS?

Under the broker information reporting rules, brokers must report transactions in securities to both the IRS and the investor on Form 1099-B. It encompasses cryptocurrency

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Eric Sheldon

How to Get a Crypto Loan?

Before jumping right to crypto loan requirements, let’s first take a look at what crypto lending is.   According to Stilt, “Crypto lending refers to

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close up of hand with smartphone and bitcoin
Blog
Eric Sheldon

Virtual Currency

Virtual Currency (Cyrptocurrency) is considered very secure because they use strong cryptography to verify the transfer of assets. When you buy and sell virtual currency,

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Reviewing a financial report in returning on investment analysis
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Eric Sheldon

Core Business Applications

Core Business Applications my clients use for Accounts Payable: QBO, Hubdoc and Bill.com Cloud accounting and it’s ecosystem is essential for any business. Invoicing customers,

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IRS Form W-9 Request for taxpayer identification number and certification blank lies with pen and many hundred dollar bills on calendar page
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Eric Sheldon

Sample W-9 Request Letter

Date Dear Vendor, Enclosed is Form W-9, Request for Taxpayer Identification Number and Certification. IRS regulations require that we issue 1099 forms to certain companies

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Tax reporting. Filling out tax forms
Blog
Eric Sheldon

To 1099 or not to 1099

January 31st is the deadline for Form 1099-NEC/MISC. During the first month of the new year, you are hopefully rejuvenated from time off during the

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