Teece Tax Solutions LLC

10/01/2026

1099 Compliance: Don’t Wait Until January!

If your business works with independent contractors, now is a great time to start getting your 1099 information organized.

Before year end, take a few minutes to:

•Make sure you have a completed W-9 from your contractors
•Review payments made throughout the year
•Identify vendors who may require 1099 reporting
•Make sure your payment and vendor records are organized

Not every vendor or payment is treated the same for 1099 purposes, so reviewing your records now can help make the year end reporting process easier and more efficient.

09/28/2026

Q4 Starting Now!

Before the year gets away from you, now is the time to look at:
Where you’re headed
What you’re earning
What you’re spending
What needs to change

Your books tell you what happened.
Your numbers can also help you plan what happens next.

09/14/2026

September Accounting Reminder!

September = time for a financial check-in.

Before Q4 gets busy, take a look at:
• Your year to date profit
• Cash flow
• Outstanding invoices
• Expenses
• Estimated taxes
• Your goals for the rest of the year

Don’t wait until December to see how your year turned out.

09/10/2026

Five days left!

Tax Reminder: 3rd Quarterly Estimated Payment!

If you make quarterly estimated tax payments, don't forget that your 3rd payment of the year is due September 15th, 2026.

Save this reminder and check your payment schedule!

09/09/2026

It’s football 🏈 season, which means it’s time for a fantasy draft! If bookkeeping clients had a fantasy draft… these would be our top picks!

From the organized business owner to the client who actually wants to understand their numbers, we’ve got our dream roster ready.

And yes… there’s always that one client who waits until tax season to say, “Can you catch me up?”

Who would be your #1 draft pick?

09/04/2026

Tax Reminder: 3rd Quarterly Estimated Payment!

If you make quarterly estimated tax payments, don't forget that your 3rd payment of the year is due September 15th, 2026.

Save this reminder and check your payment schedule!

07/30/2026

Balance Sheet

How financially healthy is your business?

Your Balance Sheet gives you a snapshot of your business financial position at a specific point in time.

It shows:
• What your business owns (assets)
• What it owes (liabilities)
• Your owner's equity

This report helps you understand the overall financial strength of your business and can be valuable when planning for growth, applying for loans, or simply making informed decisions.

Next week, we'll cover another important report: the Cash Flow Statement.

07/22/2026

Profit & Loss Statement

Is your business actually making a profit?

Your Profit & Loss (P&L) Statement helps answer that question.

It summarizes your income and expenses over a specific period, showing whether your business earned a profit or operated at a loss.

Reviewing your P&L regularly can help you:
•Understand where your money is coming from.
•Keep an eye on your expenses.
•Make informed financial decisions throughout the year.

Your bookkeeping isn't just about staying organized, it's about giving you the information you need to run your business.

Next week, we'll take a look at the Balance Sheet.

07/14/2026

Do you know what your financial statements are telling you?

Your financial statements are tools that help you understand how your business is performing and make informed decisions throughout the year.

There are three key financial statements every business owner should know:
•Profit & Loss Statement
•Balance Sheet
•Cash Flow Statement

Over the next few weeks, we'll break down each one, explain what it tells you, and share why it's important for your business.

Stay tuned!

07/08/2026

Why Bookkeeping Cutoff Dates Matter?

A bookkeeping cutoff date is the deadline for submitting your financial documents so they can be included in that month bookkeeping.

Providing your information before the cutoff helps ensure your books are completed accurately and on time.

Here are a few documents to have ready each month:
•Bank statements
•Credit card statements
•Receipts
•Sales reports
•Expense records
•Loan or financing statements (if applicable)

When documents are submitted on time, you benefit from:
•Accurate financial reports
•Faster month end close
•Fewer corrections and adjustments
•Up to date financial information

Staying on top of your monthly paperwork is one of the easiest ways to keep your business finances organized.

Do you have a monthly routine for gathering your bookkeeping documents? We'd love to hear what works for you!