Financial Planning
Get legal advice on how to take control of your personal or business finances, whether you're tackling student loans, medical bills, taxes, or bankruptcy.
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How to Organize Business Expenses: 7 Important Steps
Wondering how to organize your small business expenses? These categories can help you budget and analyze your performance as well as make tax time easier.
· 7 min read
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How to Avoid a Tax Audit
Here are some steps you can take to reduce your chances of being chosen for a tax audit.
· 7 min read
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How to Fill Out a W-9 for a Nonprofit Corporation
Even though your nonprofit has tax-exempt status, you may need to fill out a W-9 when working with other businesses.
· 3 min read
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What Is a FEIN, and How to Get Your Federal Tax ID Number?
Starting a new business or changing an existing one? Here's a guide to how to apply for a federal tax ID number, how long it takes to get one, why you might need one (and when you don't), and when you'll need to get a new FEIN for your business.
· 7 min read
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How to Use Consolidated Financial Statements to Track Assets and Income
A consolidated financial statement is an excellent way to keep track of the assets and income of a group of legal entities owned by a parent—but you should be aware of the guidelines.
· 3 min read
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How Will PPP Loans Be Taxed?
Small businesses have better clarity on federal PPP compliance and taxation, but states may include different requirements.
· 3 min read
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Should I Publish an Annual Report?
Annual reports are not only beneficial to large, publicly traded corporations. Armed with an understanding of what an annual report can accomplish, small businesses stand to gain similar benefits by publishing annual reports of their own.
· 3 min read
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Use a Cash Flow Statement to Keep Your Eye on Your Bottom Line
As a business owner, a cash flow statement, which shows the amount of money coming in and going out of an enterprise, is one of the main financial statements you should know about.
· 3 min read
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What Is a General Ledger and How Does It Work?
A general ledger is simply a master document containing all of a company's transactions neatly categorized. Let's see how it works and how it can work for your business.
· 3 min read
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Gross vs. Net Income: What Is the Difference?
Are you a new small business owner looking to understand your tax return a little more? How are gross and net income related? Here are the definitions of various types of income and how they related to your small business' taxes.
· 4 min read
