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How to Identify the Right Accountant to Grow Your Small Business?

How to Identify the Right Accountant to Grow Your Small Business?

How to Identify the Right Accountant to Grow Your Small Business?As a business owner, your accountant will be one of your most substantial and most vital partners. However, it can be tricky to find a good accountant to grow your small business. From certifying that a...

How to Simplify Your Business Accounts Payable Process

How to Simplify Your Business Accounts Payable Process

How to Simplify Your Business Bills ProcessSmall business owners have a prejudice when it comes to accounting. Invoicing gets the bulk share of their attention, and understandably so, since revenues are the lifeline of a business. Paying bills, on the other hand, tend...

Line of Credit vs. Business Credit Card

Line of Credit vs. Business Credit Card

Today, business is very concerned about the way to get access to capital. And in this article, we will focus on two popular methods of capital: business credit cards and business lines of credit.

What is a Balance Sheet and How to Use it

What is a Balance Sheet and How to Use it

In addition to communicating with shareholders, investors, and management, in particular, a balance sheet is one of the most crucial financial papers for any organization to provide insightful information at a specific point in time. A company’s performance and capability to fulfill its financial responsibilities are also included in the balance sheet. Let’s dive into the importance of balance sheets.

4 Small Business Challenges Women Entrepreneurs Overcome

4 Small Business Challenges Women Entrepreneurs Overcome

I am proud to see more and more woman owned businesses, not to long ago it was rare to see a successful business owned by a woman. Times have changed, according to National Association of Women Business Owners (NAWBO) there are more than 11.6 million woman owned business….

Current Tax Credits & Deductions Status

Current Tax Credits & Deductions Status

There were several temporary provisions implemented for the 2020 tax year that were carried over into 2021 tax year. One temporary provision that was extended for 2021 tax period is a special $300 income adjustment for cash contributions to qualified tax-exempt organizations…

3-Year Repayment of Covid-19 Related Distributions

3-Year Repayment of Covid-19 Related Distributions

In 2020 several provisions were enacted during the pandemic to help families who were struggling due to Covid-19. You may recall the early withdrawal penalty from qualified retirement plans was waived and the IRS deferred tax on retirement distributions….

Best Tax Planning Strategies to Achieve Maximum Savings

Best Tax Planning Strategies to Achieve Maximum Savings

Best Tax Planning Strategies to Achieve Maximum SavingsStarting in 2022, you will no longer be able to convert Traditional IRA contributions into a Roth IRA. Before, during tax planning sessions we would create strategies for higher income families to contribute into...