What is a tax identification number?The Tax Identification Number (TIN) is a 9-digit number used by the Internal Revenue Service (IRS) for tax purposes. This number can be a person's...
Marijuana stocks are becoming increasingly popular as more states are legalizing the use of the drugs for medical and recreational purposes. Now you can even invest in marijuana stocks...
Defaulting on your business loan will trigger a series of negative consequences. It might accelerate the loan, making you owe the entire loan balance rather than what is outstanding...
Every small business owner needs to make sure they take care of all taxes for their business and workers, be it local, state or federal taxes, including payroll taxes. All businesses...
Posted by Rosovich & Associates, Inc. on 09/19/2021
Also known as a tax write-off, it is an expense that you can remove from the taxable income. The idea is to lower your tax bills; however, such deductions need to meet the criteria...
Posted by Taxes Made EZ Inc on 09/10/2021
Companies can take different approaches to maximize profits or minimize losses in a competitive market depending on organizational strengths. While product differentiation and low...
Posted by Pat Raskob on 09/10/2021
With section 179, businesses can deduct the entire cost of significant assets such as business equipment and furniture immediately instead of depreciating them over time. Principle...
Posted by Rosovich & Associates, Inc. on 09/09/2021
Any tax advisor who is licensed to stand for you before Uncle Sam is called an enrolled agent. It could be when filing a tax return, taking care of an audit, appealing a fine or solving...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/03/2021
Franchise tax applies to taxes paid by certain companies that wish to do business in certain states. Also called a privileged tax, it gives the company the right to be established...
Posted by Pat Raskob on 08/24/2021