Why Bookkeeping is an Important Step in Settling Tax Debt
Dealing with tax debt can be a stressful and overwhelming experience. One crucial step in the process of settling your tax debt is proper bookkeeping. Effective bookkeeping practices can significantly impact how much you owe in back taxes and play… Read More »
For any entrepreneur, starting an online store is a thrilling endeavor. With an online store, a wide range of clients from around the world can access your products day and night, all year round. As the owner of an eCommerce… Read More »
As a small business owner, bookkeeping is a very important business task that you should be involved with. You might enjoy the profits and the outcome, but bookkeeping is a hassle that is not fun. Here are some bookkeeping tips… Read More »
A business-of-one gives you a lot of freedom, creativity, and other benefits allowing you to run your business as you want. However, there are a lot of serious responsibilities that you need to take care of, such as file taxing. It… Read More »
Taxes wait for nobody. Not even for the small business startup which is in its early growth days. Why? Once you start your business, make the first purchase, and generate the revenue will make you eligible for the W2 employer… Read More »
Small business owners have a lot of tasks to take care of during a tax season. One important tax form that can cause confusion is Form 1099 for independent contractors. To avoid any penalties after submission of the tax form,… Read More »
Form-1065: General instructions Aim of Form: Form-1065 is an information return. It is used to account for the credits, gains, incomes, losses, and some other important information acquired from partnership operations. The partnership components must be included in the tax/information… Read More »
Why does anyone want to do business? To earn great revenue. But one should also expect income tax in return. If you are self-employed you need to make the tax payments that you owe to the IRS. For this purpose,… Read More »
The IRS has established a range of tax forms used by different commercial entities to file their taxes. For instance, all commercial ventures that are registered as corporations have to file their corporate tax returns through a form 1120. All… Read More »
A financial statement is a piece of writing that reveals: Where do you get your money Where your funds are spent What resources do you now have available to you Financial statements provide a (relatively) simple summary of your accounting… Read More »
Cloud computing is a much-needed revolution in the world of bookkeeping and accounts. The way small businesses want to interact and grow, online bookkeeping is the opportunity of the window to make their goals come true. Whether it’s budgeting, future… Read More »
This is an ultimate question that prompts up at the time of business hurdles or failure. Several businesses fail to develop and implement the integral bookkeeping process. If they had done it sooner, it’d have saved them from lots of… Read More »