Money Matters
Get legal advice on how to take control of your personal finances, whether you're tackling student loans, medical bills, taxes, or bankruptcy.
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What Is a Tax Levy?
If you receive a tax bill from the IRS but do not pay your taxes or make any arrangements to settle your tax liability, you could face the risk of a levy. The IRS can seize your assets to pay the taxes you owe.
· 5 min read
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What Is Fixed Cost?
Fixed costs are expenses you pay each month, regardless of your business's sales or production. Understanding your fixed costs can help you price your products and remain profitable.
· 4 min read
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What Is a Cash Flow Statement, and How Do You Make One?
A cash flow statement provides essential information for anyone seeking a snapshot of a company's financial footing. Here's how to understand and create one.
· 4 min read
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What Is a Schedule K1 Tax Form?
Why might you receive a Schedule K-1 and what do you need to do with it? If you have an ownership interest in a partnership, S corp, or LLC, you may receive a Schedule K-1. You should report the information from the K-1 on your individual tax return.
· 3 min read
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What Is a 1099-NEC and When Does My Business Need to Issue One?
Report your independent contractor payments with confidence on Form 1099-NEC.
· 4 min read
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What Are Retained Earnings? How to Calculate Them
Retained earnings are the profits that remain in your business after all expenses have been paid and all distributions have been paid out to shareholders.
· 3 min read
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When to File Bankruptcy: Examples and Advice
Bankruptcy may be a last resort, but for the right person or business, it’s also a second chance. Learn if bankruptcy protection is right for you and what to expect from the process.
· 11 min read
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Business Financing Tips for Hispanic Small Business Owners
Do you have a great idea for a new business but aren't sure what to do to get it off the ground, or are you ready to take it to the next level and you're looking for ways to do so? When it comes to financing options, it's easier than you think.
· 4 min read
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Make Business Tax Deductions Work for You
Small businesses never want to leave money on the table, whether negotiating a contract, setting prices, or filing taxes. That's why it's essential to understand what business deductions you're entitled to when filing your taxes. You probably know about some—office equipment and consulting fees, for example—but others are less obvious.
· 3 min read
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What Are Inheritance Taxes?
Inheritance taxes are only collected in a handful of states, but if they apply to your inheritance, you're going to want to know the basics—and possibly how to avoid these taxes.
· 4 min read
