Phone: (510) 397-9123   Email: info@gritforcebookkeeping.com

Every large corporation once began as a startup with an original idea, a viable business model, and pure grit and determination. The crux of every startup is finding a way to acquire customers and generate revenue in exciting, new ways. In order to succeed though, beneath all that excitement and enthusiasm you must maintain accurate, detailed financial records, aka--bookkeeping. Money is ultimately what will keep a startup going, so managing your money wisely will determine t

The Paycheck Protection Program was created last year as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES). The program is backed by the Small Business Administration (SBA) and provides small businesses with cash-flow assistance to keep workers on payroll during the pandemic. PPP Loan Small businesses with 500 or fewer employees are eligible for a PPP loan. These businesses include S and C corporations, LLCs, private nonprofits, faith-based organizations,

The new 1099 form isn't exactly new, it just hasn’t been used since 1982 under Ronald Reagan. The IRS decided to redesign the old Form 1099-MISC and implement the new 1099-NEC for the 2020 tax year. So what is the 1099-NEC form, and who gets it? What Is the 1099-NEC Form? The 1099-NEC reports non-employee compensation. In non-IRS speak, that means it records income from anyone that isn’t your employer. It reports how much you received during the year as well as what type of i

Small businesses and nonprofits bear the brunt of the pandemic, with as many as 800 small businesses closing per day between April and September of 2020. There’s no way of knowing how much longer the economy will be down, nor how much longer people will be confined to their homes, but one thing is certain: We must go into 2021 prepared for anything. The more goal oriented your business is, the better its chances of survival are. The pandemic has likely changed the way we do b