A restricted fund is a set-aside account that holds money that can only be used for specific purposes. Restricted funds assure donors that their contributions will be used as they...
Posted by Rosovich & Associates, Inc. on 06/29/2022
Keeping old tax records can save you time and effort if you are audited or need to file an amended tax return. Previous tax returns can also help you document your income when applying...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/24/2022
After years of saving, you've built up a solid savings fund in your tax-supported retirement accounts. However, you cannot leave this money untouched indefinitely. After reaching...
Posted by James Financial Services Inc on 06/24/2022
Every dollar counts if you have a law firm, especially during tax season. An integral part of your firm's tax is the calculation of tax deductions for lawyers. We understand that...
Posted by Income Taxes and Bookkeeping LLC on 06/24/2022
Accounting and bookkeeping are vital functions for your business, but they are not the same, contrary to popular belief. To help shed some light on this topic, let's explain the...
Posted by KLSM CPA Firm PLLC on 06/24/2022
You are responsible for personal and business taxes as a small business owner. There are two types of taxes: direct and indirect. What differentiates these two groups? Indirect and...
Posted by Dennis Jao on 06/24/2022
There is a lot to be done as an individual or business owner. People juggle between everyday tasks with little or no spare time to file taxes. A tax bill from Uncle Sam can halt business...
Posted by Tiffany Gaskin on 06/24/2022
If you run your business using a limited liability company (LLC), you will have more flexibility in how the IRS taxes your business profits.IRS Standard DesignationImmediately after...
Posted by James Financial Services Inc on 06/11/2022
Conflicts in a group are inevitable, likewise in a business. The crucial thing is the resolution of such conflicts. However one of the common aspects of experiencing this conflict...
Posted by Income Taxes and Bookkeeping LLC on 06/11/2022
