Every year, the IRS updates its mileage rates, a small but significant announcement that impacts countless Americans, especially small business owners or those juggling work and personal commitments, often behind the wheel of a personal vehicle. The miles driven for...
Running a business can get expensive, especially when you need reliable vehicles to keep things moving. That’s where the Section 179 deduction comes into play. It allows you to deduct the cost of qualifying assets, such as vehicles over 6000 lbs, used for business...
Understanding the Accounts Receivable Turnover Ratio (AR Turnover Ratio) and how to calculate using the Net Credit Sales Formula is essential for any business. These metrics provide valuable insights into a company’s sales performance, cash flow management,...
Looking to maximize your tax savings with the IRS Section 179 deduction?Watch our video to learn how vehicles over 6000 lbs can help you save big in 2024! Key TakeawaysThe IRS Section 179 deduction helps businesses save on taxes when purchasing qualifying assets like...
Need your EIN verification letter fast?Watch our video for a simple, step-by-step guide on how to obtain it quickly and easily! Key TakeawaysAn Employer Identification Number (EIN) Verification Letter (Form 147C) is important for businesses.You can get your EIN...
What are 1099 Independent-Contractor TaxesFreelancers and independent contractors earning $600 or more from contract work in a tax year receive a 1099-NEC tax form. The hiring party sends the 1099 form to the IRS and provides a copy to the Contractor. The Contractor...
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