They not only have to come up with a great product or service, but they also have to be experts in sales, marketing, and yes, even accounting. While it is possible to do your accounting, it can be complicated and time-consuming. However, one area where it is worth hiring professionals is accounting. Reconciling Bank Statements […]
Category Archives: Bookkeeping
What is a Tax Deduction? Most Common Tax Deductions
The depreciation portion of your car expense deduction is figured as follows. If you lease a car, truck, or van that you use in your business, you can use the standard mileage rate or actual expenses to figure your deductible expense. This section explains how to figure actual expenses for a leased car, truck, or […]
Scale Bank Acquires Provident Commercial Finance IFA Commercial Factor
Though the pandemic may have been a death knell, ScaleFactor was on rocky ground long before, Forbes found. Technology startups are often rewarded for a “fake it ‘til you make it” mentality by venture capital firms willing to throw money at a product until it meets expectations. But ScaleFactor used aggressive sales tactics and prioritized […]
Get an Individual Taxpayer Identification Number ITIN to file your tax return
User fees are taxes that are assessed on a wide variety of services, including airline tickets, rental cars, toll roads, utilities, hotel rooms, licenses, financial transactions and many others. Property taxes are usually imposed by local governments and charged on a recurring basis. For tax purposes, business entities are also taxpayers, making their revenues and […]
Owners Draw vs Salary: Paying Yourself as a Business Owner
Rather, they represent a reduction of the owner’s equity in the business. Sole proprietorships, partnerships, S corps, and several other businesses are referred to as pass-through entities. Generally, these business types pass the company profits and losses directly to the owners. Whether you decide on an owner’s draw or salary, follow these six steps to […]
Owners Draw vs Salary: Paying Yourself as a Business Owner
Rather, they represent a reduction of the owner’s equity in the business. Sole proprietorships, partnerships, S corps, and several other businesses are referred to as pass-through entities. Generally, these business types pass the company profits and losses directly to the owners. Whether you decide on an owner’s draw or salary, follow these six steps to […]
Owners Draw vs Salary: Paying Yourself as a Business Owner
Rather, they represent a reduction of the owner’s equity in the business. Sole proprietorships, partnerships, S corps, and several other businesses are referred to as pass-through entities. Generally, these business types pass the company profits and losses directly to the owners. Whether you decide on an owner’s draw or salary, follow these six steps to […]
Owners Draw vs Salary: Paying Yourself as a Business Owner
Rather, they represent a reduction of the owner’s equity in the business. Sole proprietorships, partnerships, S corps, and several other businesses are referred to as pass-through entities. Generally, these business types pass the company profits and losses directly to the owners. Whether you decide on an owner’s draw or salary, follow these six steps to […]
Owners Draw vs Salary: Paying Yourself as a Business Owner
Rather, they represent a reduction of the owner’s equity in the business. Sole proprietorships, partnerships, S corps, and several other businesses are referred to as pass-through entities. Generally, these business types pass the company profits and losses directly to the owners. Whether you decide on an owner’s draw or salary, follow these six steps to […]
Owners Draw vs Salary: Paying Yourself as a Business Owner
Rather, they represent a reduction of the owner’s equity in the business. Sole proprietorships, partnerships, S corps, and several other businesses are referred to as pass-through entities. Generally, these business types pass the company profits and losses directly to the owners. Whether you decide on an owner’s draw or salary, follow these six steps to […]