**Update 3/30/18: Service information posted at the bottom of this message** It is with a heavy heart we are writing to let you know that Spike Noonan has passed away. In the nineteen years since Spike Co-Founded McKerley & Noonan, he developed authentic friendships with his clients, his coworkers and anyone else who crossed his path; he knew no strangers. … Read More
2017 Tax Filings Update
Tax filing season is upon us, and we have a couple of important updates for you. As always, our goal is to make taxes, accounting and compliance as easy as possible for you so the changes we have implemented are for that purpose. However, we can still handle things in a similar manner as it was handled in the prior … Read More
Employee or Subcontractor?
On July 15, 2015 the US Department of Labor issued some guidance on how to classify workers as employees or subcontractors. On one hand the clarification is welcomed because we often get the question “Do I need to set Tim up on payroll as an employee, or can I pay him has a subcontractor?”, and the clarification and summary we ... Read More
Corporate Records Scam
Update for 2015 – They’re out again. Here is the article we wrote in 2013. We recently received an official-looking form titled 2013 – Annual Minutes Form. It looks like this organization would like to charge you $125 to prepare and provide you with corporate minutes required by TN. Secretary of the great state of TN has issued a press release warning … Read More
1099s Need to be sent
Attention Business OwnersYou may need to issue a 1099 before January 31st. Did you pay a person or company more than $600 during the year? You may need to issue a 1099 before January 31st. Be sure to read the filing requirements below and contact us if you have any questions or if you would like us to assist you. Give ... Read More
Going Paperless
We made the transition to a paperless office, and we learned a lot along the way. First, a disclaimer: you will still find paper in our office. Perhaps the term ‘paperless’ is a bit of a misnomer. It is true that we use much less paper, but we are not a paper free office. It should be noted on the … Read More
Avoid Hefty IRS Penalties
Businesses are required to issue Form 1099-Misc for payments made of $600 or more for services, rents, attorney fees, medical & health care services, etc. paid to individuals, partnerships, LLC’s and some corporations. A comprehensive list of payments requiring 1099’s, is included in the instructions for 1099-Misc and can be found on the IRS website. The IRS is focusing on … Read More