IRS

7 Secrets the IRS doesn’t want you to know

If you or someone you know (i.e., relatives, friends, partners, employees) is currently facing IRS difficulties, you can find out how to get back on track with these insider secrets to tax relief. Learn how to get a leg up on back taxes and delinquent tax returns so that you can avoid severe IRS penalties […]

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What is due diligence when buying a business

What is due diligence when buying a business?

Due diligence is the process of verifying the information about the business, as provided by the seller, is correct and accurate. Due diligence is, in almost all sales, a condition of the buyer’s offer. The business conditions must meet the buyer’s expectations before the deal is finally closed. If there are any problems uncovered, this […]

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Balance Sheet

What is the Balance Sheet

The balance sheet displays the company’s total assets and how the assets are financed, either through either debt or equity. It can also be referred to as a statement of net worth or a statement of financial position. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity. The assets and […]

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Taxpayer rights

Taxpayer Rights

Your Rights as a Taxpayer 1- The Right to Be Informed Taxpayers have the right to know what they need to do to comply with the tax laws. They are entitled to clear explanations of the laws and IRS procedures in all tax forms, instructions, publications, notices, and correspondence. They have the right to be […]

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Payroll

Outsourced payroll processing

Did you know that more than 40% of small businesses make mistakes on their payroll tax each year? In some cases, your organization could face penalties and fees as a result of an error and these will just increasingly pose a threat the more they remain ignored. Invest now in perfecting the payroll process so […]

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Unfiled Tax Returns

Unfiled Tax Returns

The IRS estimates that each year approximately ten million people fail to file their federal income tax returns. The reasons that taxpayers fail to file their tax returns are varied; some taxpayers simply procrastinate; others don’t understand their filing requirement; and in a few cases, taxpayers willfully fail to file in an attempt to evade […]

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Tax Brackets Calcultor

Tax Brackets Calculator

The federal personal income tax that is administered by the Internal Revenue Service (IRS) is the largest source of revenue for the U.S. federal government. Nearly all working Americans are required to file a tax return with the IRS each year. In addition to this, most people pay taxes Overview of Federal Taxes Income in […]

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Inflation Reduction Act

Inflation Reduction Act

The Inflation Reduction Act makes urgent investments to lower prescription drug costs, health care costs, and energy costs to create opportunities for America’s 33 million small businesses and innovative startups. It is the most aggressive action we have taken to confront the climate crisis. It will help the Fed tackle inflation by reducing the deficit. […]

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new business

TIPS FOR NEW BUSINESS

Your business structure How to form your business effectively is not an easy task for any business owners. Legal protection, tax advantages, and financial expectation are the key factors that could significantly affect your business for many years to come. The business structure you choose influences everything from day-to-day operations, to taxes and how much […]

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