The Income Tax Impact – Introducing Business Tax Forms For every business entity, there’s a separate income tax form. Even those entities that don’t have to pay any income taxes on their own still have tax returns to fill out; these are referred to as informational returns. Plus, no matter what type of business structure … Read more
Always Know Your Cash – A Big Pile of Forms Having employees can be pretty time-consuming all around. Paying them is no different. You have to deal with state and federal taxes, multiple report filings, unemployment insurance, and a whole lot more. Even if you have only one employee, you have to fill out every … Read more
Recording Your Revenues – When a Sale Is Not a Sale Sometimes a sale does not stay a sale. This can happen when a customer returns whatever he bought, or a trade customer asks for a special allowance on wrong or substandard merchandise. At some point, you have probably returned something to a store (or … Read more
The Basic Accounts – A Look at Liabilities Every dime your business owes, no matter to whom or for what reason, is a liability. Owing someone a product (such as a magazine subscription) or a service (such as insurance coverage) counts as a liability as well. Although there aren’t as many kinds of liabilities as … Read more
