TWP Accounting & Tax service

Resources

Starting Strong

Starting Strong: The Hilarious Hurdles of Business Formation Ah, the world of entrepreneurship! A realm where dreams are woven, fortunes are made, and… countless cups of coffee are consumed. Starting a business is a lot like assembling IKEA furniture: it looks easy on paper, but once you dive in, you …

Uber / Lyft

Uber and Lyft Ride-hailing giants, Uber and Lyft have been game-changers in the transportation industry. With just a few taps on their smartphone app, people can easily arrange rides, making it a convenient and cost-effective alternative to traditional taxi services. But, what is the impact of these companies and what …

Gig Economy

What is the gig economy and why it is important? The gig economy refers to a labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs, mostly made up of independent workers who take on a variety of jobs on a project-by-project basis.The …

Home Investments

Buying your first investment home Here are few things to consider if you want to start investing in buying and selling houses in Texas: Research the real estate market: Look at trends in home prices and demand in the areas where you plan to buy and sell properties, so that …

The Restaurant Industry

The Secret Recipe of Financial Success: Tales from the Kitchen In the bustling world of restaurants, where every dish tells a story and every ingredient matters, there’s an unseen ingredient that’s just as crucial – financial management. Join us on a culinary journey through the kitchens of various eateries, where …

1099-NEC Forms

1099-NEC forms are a type of tax form used to report non-employee compensation (NEC) paid to contractors and other gig workers, when you are a business owner or contractor, it’s important to understand what these forms are and how to use them correctly. First, let’s define NEC, it is any …