Finance
Ask These 5 Questions Before Selling Your Business
Ask any business owner or entrepreneur and they will tell you that the decision to sell a business is never an easy one. Every commercial enterprise is different and some can be intensely personal, long-term…
5 Great Things to Know About Rental Income and Taxes
Rental income can be a lucrative industry for landlords. It is a fast-paced industry with many moving parts, such as interviewing potential tenants, managing current tenants, and maintaining property quality. Income tax and deduction for…
IRS Unclaimed Refunds Waiting For Taxpayers Face July 15 Deadline
Unclaimed income tax refunds worth more than $1.5 billion await an estimated 1.4 million individual taxpayers who did not file a 2016 federal income tax return, according to the Internal Revenue Service. “The IRS wants…
Important: IRS Finalizes Changes to Payroll Tax Return Form 941
On June 20, 2020, the IRS finalized tax Form 941, Employer’s Quarterly Federal Tax Return, to collect information about the new COVID-19 tax incentives, expanding the form from two to three pages, and adding 58 new…
How Will Small Businesses Survive Financially After PPP?
The coronavirus delivered a sudden series of shocks to our economy and civil society, some of which were far easier to deal with than others. When it came to ensuring the security of millions of…
How to Create a Simple Bookkeeping Spreadsheet for Your Business
Bookkeeping is a practical way to make sure that your business can track its budget. Every transaction that occurs will affect how your business allocates its finances. The use of a spreadsheet allows you to…
5 Proven Ways to Reduce Financial Waste in your Business
The impact of the COVID-19 pandemic on the world economy is set to be profound and lasting. If you’re a business owner, you might be concerned about how you will stay afloat during these uncertain…
When & How to Use a Payday Lender & Other Financial Tips
Amidst the pandemic, lenders are providing opportunities to help borrowers tackle their financial difficulties. Many lenders are offering loan extensions for a couple of months, reducing the interest rates and other flexibility options. Any future…
5 Red Flags of Deceptive Financial Statements You Need to Know
In a recent case investigated by the Royal Canadian Mounted Police (RCMP), the senior executives of a publicly traded company were charged with fraud related to the financial statements of the company. The RCMP stated…
6 IRS Tips About the Gig Economy Taxpayers Need to Know
The gig economy, also called sharing or access economy, is activity where taxpayers earn income providing on-demand work, services or goods. Often, it’s through a digital platform like an app or website. While there are…