Cash Guardian Financial Services

08/15/2026

Essential Documents to Keep on File if you are paying someone with a 1099 NEC at the end of the year

Form W-9: Signed by the contractor before work begins to verify their correct Name, Address, and Taxpayer Identification Number (TIN).

Independent Contractor Agreement:
A signed contract detailing the scope of work, project dates, and explicit independent status.

Certificate of Insurance (COI): Proof of active General Liability and Workers' Compensation coverage (or a state-approved exemption certificate) valid during the exact dates they worked on your projects.

Detailed Invoices: Itemized bills showing a clear breakdown of labor costs versus material expenses.

Proof of Payment: Canceled checks, bank statements, or electronic ACH/wire transfer records matching the exact invoice amounts.Form 1099-NEC:

Copies of filed information returns showing you reported payments of $600 or more for the calendar year.

08/15/2026

It’s surprising how many customers I get with an S Corp and they don’t know that they are supposed to put their self on payroll. If you withdraw money from your business account and do not have yourself on payroll this will lead to audits, reclassified wages, back payroll taxes, and penalties.  If you’re making less than $50,000 profit stay a single member LLC, but if you are making more than $50,000 profit select S Corp status have your business pay you and you will save at tax time. These customers are coming from CPAs and bookkeepers that never explained anything to them. They just take their money and keep it going. 🤯

08/10/2026

For those buying a home soon, Bank of America is still giving up to $17,000 to help you buy your first home. I have personally received $10,000 for my first home. Don’t miss out on 💵

04/30/2026

If you are 18 start applying for credit cards now. Get cards with no annual fee & pay them on time . Do not use more than half of the credit and you will keep getting approved and have credit built. You can not have good credit with NO CREDIT….START NOW.

04/30/2026

Use my link to apply and get 15 months NO INTEREST and $200 FREE

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04/30/2026

04/17/2026

Why does everyone think taxes end April 15?
NOT TRUE

04/15/2026

You have 3 years to file your taxes. You also have three years to amend previous filings if needed. The deadline for 2022 has passed.

04/13/2026

Filing an extension does not stop late payment fees or interest. An extension only gives you more time to file your paperwork (until October 15), but not more time to pay taxes owed. You must pay your estimated tax liability by the April deadline.