According to the Centers for Disease Control and Prevention, over 2 million people got married last year. Sadly, a lot of marriages end in divorce. In fact, from the same CDC study, there were over 800,000 divorces in 2017. Divorce … Continued
Tax season is here again. If you’re an independent contractor or business owner, then you most likely are in the process of going through a year’s worth of P&L, expenses, and calculating the taxes you owe by your gross income. … Continued
Accounting software is predicted to grow to a $4 billion industry by 2012, with many options available to assist businesses in handling their accounting needs. This software helps professionals, but it also gives independent entrepreneurs the tools to handle some … Continued
There are three letters guaranteed to have a small business owner biting their nails. Those three letters are the IRS, which collected $7.3 billion from audits in 2015. The end of the year is the perfect time to look at … Continued
It’s everyone’s worst nightmare – being audited by the Internal Revenue Service (IRS). It puts everyone on edge, even large corporations. The level of intimidation this bureau carries is enough to keep most businesses and individuals on the straight and … Continued
You’ve just closed your business after a long, successful day. Things are stressful, but going well overall. You sit down to look at your financial statements and notice that something seems awry. Some of your finances are missing. What’s going … Continued
What’s your company worth? You might think that getting a corporate valuation isn’t necessary. You know what’s coming in, going out, and valuations are only for major corporations, right? Wrong. In this article, we’re going to take a look … Continued
Tax and Accounting Errors To Avoid Did you know you may be forced to pay a penalty of 20-40% of a tax or accounting underpayment? A business must maintain financial accuracy in order to ensure protection. To help you avoid … Continued
Believe it or not you may have a situation where a business valuation may be helpful. Often times, business owners are faced with key business decisions without all the information they need to make that decision with confidence.
Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax taxpayers may have to pay.