As your business begins to grow, you may find yourself with new accounting and tax implications to work through. Opening another business...

Do you have a CFO in your business? If not, now might be the right time to consider adding a CFO position to your team because of the...

Once that first good year of sales hits, you may be tempted to pull money out of your company; however, this is not always a wise idea....

Most business owners can’t easily discern the main differences between bookkeeping and accounting; however, both are necessary for...

Economic factors, increased competition, and changing consumer demand are three challenges that small businesses are constantly facing....

Starting your own business involves many important decisions, some of which will impact how you go about financial and tax reporting. You...

Every business owner or manager searches for two things when onboarding a new service or employee: earn more and work less. Navigating...

The financial statements of your business might seem like a routine pile of papers that lands on your desk at the start of each month....

If you haven’t filed your federal income tax return for this year or for previous years, you should file your return as soon as possible...

The tax treatment of unemployment benefits you receive depends on the type of program paying the benefits. Unemployment compensation...

Cash or the fair market value of property or services you receive for the use of real estate or personal property is taxable to you as...

Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or if...

A Roth individual retirement arrangement (Roth IRA) is a tax-favored account or annuity set up in the United States solely for the...

You may request up to an additional 6 months to file your U.S. individual income tax return. There are three ways to request an automatic...

Copy of Your Tax Return There are different ways to obtain your tax return information. Most requests can be satisfied with a computer...

The Taxpayer Advocate Service (TAS) is your voice at the IRS. As an independent organization within the IRS, TAS strives to ensure that...

The IRS sponsors volunteer assistance programs offering help to taxpayers in many community locations. VITA The Volunteer Income Tax...

The Department of Treasury's Bureau of the Fiscal Service (BFS) issues IRS tax refunds and Congress authorizes BFS to conduct the...

Charitable Organizations Organizations organized and operated exclusively for religious, charitable, scientific, testing for public...

Who is Self-Employed? Generally, you are self-employed if any of the following apply to you. You carry on a trade or business as a sole...