If you're a savvy entrepreneur or a small business owner running two businesses simultaneously, you're likely looking for ways to maximize your tax deductions. Fortunately,...
When managing finances, individuals and businesses often encounter situations where they lend money to others and, unfortunately, face the risk of non-payment. Such instances of bad...
Posted by Rosovich & Associates, Inc. on 08/17/2023
Many business owners have been encouraged to get out of debt. The advice may not be entirely practicable, considering that all great entrepreneurs need loans (aka debts) to expand...
Posted by Rosovich & Associates, Inc. on 05/22/2022
One of the things that occupies most of a businessman’s time when it is time to file taxes is how much legitimate tax deductions they can make. Next to saving you some extra...
Are you tired of watching a significant chunk of your hard-earned money disappear into the abyss of taxes every year? If you're self-employed, an entrepreneur, or a freelancer,...
Posted by True Tax Service on 09/17/2023
What is a Profit and Loss Statement?After every financial year, it is normal for businesses to know if they are making a profit or losing. A company can access its revenue, expenses,...
Posted by CORE PERFORMANCE on 11/04/2021
IRS Form 8949 is a tax form used primarily to report sales and trade of capital goods. Form 8949 is filed alongside Schedule D of the income tax form.What is IRS Form 8949?Form 8949...
Bad debts arise because money was loaned to a debtor or a customer received credit for purchasing a product or service, but the recipient could not fully or partially repay the debt....
The Internal Revenue Code is configured to offer numerous tax reductions to individuals and businesses. Even the IRS recognizes that you have to save money to live and manage your...