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Have you been wondering what the difference between tax preparation and tax planning is. Have you been thinking that they are both the same thing? Well, where they might sound
When wanting to open a company it is always a great idea to start thinking of the differences and benefits each type of corporation can have on your business. Today two of the corporations we will be focusing on is S corporations and C corporations!
Keys: 78 Puerto Rican municipalities now have until Feb. 15, 2023, to file various federal individual and business tax returns and make tax payments. Penalties on payroll and excise tax
With the peak of hurricane season just around the corner it is important as a small business owner to be prepared. Some recommendations to prepare for a disaster are keep documents safe, have business equipment documentation at hand, and go over emergency plan.
Biden’s Administration will forgive around $20,000 of student’s debt who have Pell Grants and $10,000 of student loans with no Pell Grants…
If you’re still waiting on a tax refund, you may be earning interest on your unpaid balance, and the rate jumps to 6% on Oct. 1, according to the IRS.
Included in the bill are proposals for; Individual Retirement accounts, Retirees, Public Safety Officers and Military, Nonprofits and Educators, Disaster Relief, and Employer Plans.
Also known as “statement of financial position,” the Balance Sheet is one financial statement within a company. During this pandemic crisis we have seen a lot of companies suffering the consequences of not having enough cash to support their businesses; therefore having a robust balance sheet will lead you to understand what your company’s assets are, your liabilities and your equity.
What is bookkeeping? This is the process of recording your business firm transactions in a systematic and orderly manner, which is also the first basic step of accounting. Every business owner needs to embrace the bookkeeping process if they are serious about their businesses.
We’ve all heard this familiar term in the business world: “forecast.” Sometimes it takes another persona as “projection” but it’s all the same. What doesn’t surprise us is the term itself, but what does surprise us is the importance of forecasts.