Blogs

For many small businesses, spreadsheets feel familiar, flexible, and inexpensive. They may have worked when your company was smaller, transactions were limited, and financial decisions were relatively simple. But as we move into 2026, relying on spreadsheets or outdated accounting systems often becomes a hidden liability—one that quietly slows growth, increases risk, and limits clarity.

As the year draws to a close, small businesses, nonprofits, and founders often find themselves caught in a year-end scramble—closing the books, finalizing payroll, sending 1099s, and preparing tax documents. But those who only focus on what’s behind them risk missing the bigger opportunity: getting ahead of the next quarter.

As the calendar turns toward year-end, small businesses face a critical financial moment. Beyond reconciling numbers, year-end bookkeeping is an opportunity to gain clarity, ensure compliance, and position your business for strategic growth in 2026. At DWG CPA, we view this process not merely as a technical task—but as a decisive step in responsible financial leadership.

As the calendar year winds down, many small business owners scramble not only to wrap up operations, but to comply with critical tax‑reporting obligations. One of those often overlooked yet essential tasks is issuing and filing the correct Form 1099‑NEC, Form 1099‑MISC or related 1099 series forms for payments made to non‑employee service providers, landlords, attorneys and others.

Many business owners look at their profit and loss statement and assume they’re in good shape. But if your bank balance doesn’t reflect that supposed profit, there’s a critical misunderstanding at play. At DWG CPA, we work with countless businesses that appear profitable on paper but are cash-strapped in reality.

As your business grows, so does the complexity of your finances. What started as a manageable set of transactions soon requires cash flow forecasting, strategic tax planning, risk mitigation, and detailed financial reporting.