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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...

How business owners can deduct car expenses on taxes

How business owners can deduct car expenses on taxes

How business owners can deduct car expenses on taxesBusiness owners can deduct car expenses for vehicles used exclusively in a trade or business. If using a car for both business and personal purposes, the business owners are allowed to deduct the business mileage but...

Same Day Service Saturday

Same Day Service Saturday

Our dedicated tax preparers are committed to your satisfaction. We pledge to be courteous and to provide the highest degree of excellence in tax preparation. We provide free consultation calls, so contact us with any of your tax questions. We are here for you financial needs.
We are open 6 days a week for all your individual & business tax needs.