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Financial statements (financial statements) are a form of documents showing quarterly and annual business results of a company.

As a small business owner, it’s understandable that you’re going to miss a few months of bookkeeping. Your books must be missing you....

After a cheerful and enthusiastic project planning, many contractors are left wondering what happened to the expected enormous profit and...

To be qualified for deduction, business meal and entertainment expenses must be directly associated with the active conduct of a trade or...

Achieving a high-level performance on payroll is no easy, but one minor mistake can make your job harder than it already is. Business...

Being an entrepreneur or business owner in today’s world requires you to be a know-it-all, can do anything kind of person to run your...

“Audit-proofing” your return means documenting deductions so that you can prove them if you’re audited. Today’s historically low audit...

According to SBA, PPP recipients can early apply for loan forgiveness. The new interim final reflects that a borrower can submit the loan...

Tax deadline to file and pay federal income taxes deadline is now behind us. However, some taxpayers still facing certain problems after...

The cash basis and accrual basis of accounting are two different methods used to record accounting transactions. The core underlying...

The tax season is here again! This year, the IRS announced 4 recent changes in tax laws that can save you a lot. 1. Individual Income Tax...

On Saturday, July 4, 2020, President Donald Trump signed a new law extending the deadlines for applying for the Paycheck Protection...