Are you ready to invest in cryptocurrencies but don’t know where to start? It seems like everybody is talking about cryptocurrencies. There are many stories about people getting rich, but there are also many stories of people who lose everything by making the wrong investments. Before making investment decisions, it’s important to be as best…
Category: Business
11 Common Legal Tax and Business Issues facing Small Businesses
The majority of businesses do not last past a decade. After the first five years, only about 50 percent of businesses still survive. One of the major factors affecting small businesses is staying legally compliant. From selecting the right company structure to understanding local laws, legal compliance will prevent tax issues, problems with information privacy, and an…
Do SBA Loans Affect Personal Credit Score? (Answer May Surprise You)
If you’re one of the 627,000 new businesses that open each year in the United States, you may have considered taking out a loan. Taking out a loan can give your business the resources it needs to grow to the next level. But do business loans affect your personal credit score? The short answer to this question…
S Corp Dissolution: 12 Steps to the Complete Process
There are currently more than 32.5 million businesses operating over the United States. Each of these offers unique services and products to its customers, as well as employment opportunities for the local community. However, with more new business applications being submitted in America than ever before, your competition is fierce. Because of this, only 50% of new businesses will survive…
California State Income Tax: A Guide for 2022
California is a beautiful place to live, but living in the Golden state comes with a complicated income tax system. In fact, California’s tax system varies significantly from the federal tax system in many different ways. For example, this state has its own deductions and credits that you may benefit from, especially with the new…
How to Keep Meeting Minutes for a C Corp? (Ultimate Guide)
There are tons of different types of business structures out there. There are C Corps, S Corps, LLCs, LLPs and sole proprietorships, to name a few. However, an C Corp is one of the most popular forms of business, with roughly 1.7 Million C Corps in the United States. These businesses offer tons of different benefits…
Are Tax Return Preparation Fees Tax Deductible?
1 in 3 Americans procrastinate when it comes to doing their taxes. The most common reason for procrastination is that filing taxes is too time-consuming and complicated. But with tax day less than two months away, it’s best to begin your tax return preparation now. Tax laws and regulations change from year to year, so starting now will…
Tax Amendment: What Is an Amended Tax Return?
Taxpayers in the U.S. pay an average of $15,322 each year to the IRS. Doing taxes can be a tricky endeavor indeed, particularly if your financial situation is more complicated than simply having a W-2 job. It’s essential to pay the right amount in taxes in order to escape severe consequences. However, no one wants to pay…
Making Money At Home (9 Proven Home Based Businesses)
More and more, especially with the Covid-19 pandemic, people are finding ways to making money at home and online. Currently, 45% of full-time workers work remotely at least some of the time. Well, what if we were to tell you that anyone can earn money online, and not just the people whose jobs allow for it. Believe it…
16 Tax Benefits of Incorporating: What You Need to Know
Imagine you’ve started the business of your dreams. You have a bunch of amazing clients and customers, and things can’t be better. Then, taxes come along, and you wonder about the tax benefits of incorporating. While incorporating isn’t for everyone, it offers quite a few financial advantages. Read on for more. Set a Salary One…