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NEH believes financial information should be understandable—not intimidating.
The Resource Center is designed to help you become a more informed business owner.
2026 Year-End & 2027 Tax Season Resource Center
Learn what financial records businesses should maintain and why good recordkeeping matters. The IRS explains that good records help businesses monitor performance, prepare financial statements, track income and deductible expenses, prepare tax returns, and substantiate items reported on returns.
If your business paid independent contractors during 2026, don't wait until January to start reviewing your records. Learn about Form W-9, Form 1099-NEC and the federal reporting requirements that may apply.
The IRS says businesses should obtain Form W-9 from independent contractors to document the payee's correct name and taxpayer identification number. Importantly, the federal Form 1099-NEC reporting threshold changed for payments made in 2026, so business owners should review the current IRS requirements rather than relying on the old $600 rule.
NEH Corporate Bookkeeping Service provides bookkeeping and financial-record organization services. Information provided on this page is for general educational purposes and is not tax, legal, investment, or lending advice. Consult a qualified tax profession
If your business paid independent contractors during 2026, don't wait until January to start reviewing your records. Learn about Form W-9, Form 1099-NEC and the federal reporting requirements that may apply.
The IRS says businesses should obtain Form W-9 from independent contractors to document the payee's correct name and taxpayer identification number. Importantly, the federal Form 1099-NEC reporting threshold changed for payments made in 2026, so business owners should review the current IRS requirements rather than relying on the old $600 rule.
NEH Corporate Bookkeeping Service provides bookkeeping and financial-record organization services. Information provided on this page is for general educational purposes and is not tax, legal, investment, or lending advice. Consult a qualified tax professional regarding your specific tax situation.”
Is Your Business Ready for 2027 Tax Season?”
It could include checkboxes for bank and credit-card reconciliations, outstanding A/R and A/P, contractor W-9 information, payroll records, fixed-asset purchases, loan balances, owner contributions/distributions, missing receipts, uncategorized transactions, current P&L and Balance Sheet, and documents to discuss with the client's tax professional.
At the bottom:
Checked several boxes that still need attention?
Don't wait until tax season to discover that your bookkeeping isn't ready.
NEH Corporate Bookkeeping Service can help you get organized before year-end.
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