Many small businesses lack the capacity and financial muscle to effectively manage specific functions. Preparing financial statements and complying with federal tax laws are among the most challenging tasks that can threaten small businesses. As a business owner, do...
If you are a business owner, you know there is no time to do everything you need on a given day. Besides the general running of your business, managing employees, meeting with vendors, accounting, customer relations, etc. If you constantly ask yourself,...
It’s that time of year when most people are thinking about gift-giving. From Black Friday (the day after Thanksgiving) to the end of the year, we give our families monetary gifts, our employees bonuses, or make charitable donations. Here are five tips for being...
There are two ways to decrease your tax liability. The first way is to increase your tax deductions and the second is to pay attention to tax credits. What are Tax Credits? Tax credits are credits provided by your state or local government to reduce the...
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service (IRS) to settle a taxpayer’s tax liabilities for less than the total amount owed. The taxpayers who can fully pay the liabilities through an installment agreement or...
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