Are you starting your new construction company or general contractor business? Today, Sonia Narvaez – Licensed CPA, shares 3 Things to Consider when Starting a Construction Company. Sonia has 25 plus years of accounting experience. And by now, she has…
The Internal Revenue Service (IRS) recently announced new procedures that may allow certain expats to become complaint with their United States tax filing obligations and even receive relief for their back taxes regardless of whether or not they have relinquished…
The Foreign Earned Income Exclusion and Foreign Tax Credit benefits usually alleviates the need for most expats to pay US expat taxes. However, expats still need to file taxes annually if their gross worldwide income is over the filing threshold,…
If you dream of becoming a successful entrepreneur, you’ll have to invest some money and energy into making your vision a reality. Business News Daily reveals that even starting a small micro-business costs about $3,000. If you have a subpar…
Working as a freelancer can give you so much flexibility and freedom. If you’ve just started as an independent contractor or freelancer and haven’t given any thought to your taxes by now, you could be making a big mistake. Taxes…
While all businesses must file an income tax return each year, simply determining what your business owes the government and what deductions your business may be entitled to can leave some business owners confused and not maximizing their potential for…
Thousands of small business owners applied for and received Paycheck Protection Program (PPP) funds. The SBA-backed loans were designed to help businesses keep their workforce employed during the COVID-19 pandemic. Borrowers can apply for forgiveness once all loan proceeds for…
The $1.9 trillion American Rescue Plan that passed in March expanded the Child Tax Credit. For 2021, the child tax credit amount has increased from $2,000 to up to $3,600 annually for children under 6 and up to $3,000 annually…
An ITIN, or Individual Taxpayer Identification Number, is a tax processing number only available for certain United States non-resident and resident aliens, their spouses, and dependents who are not eligible for a Social Security Number (SSN). It is a nine-digit…
Managing money is an essential part of business ownership. After all, the goal of your operation is to turn a profit. But many entrepreneurs and small businesses tend to overlook the finer details of their finances. Though you may be…