Form 1040-EZ vs 1040A vs Form 1040
The Form 1040EZ no longer exists for use by taxpayers, but previous EZ filers may still qualify for a “simple return.” The IRS and Treasury Department attempted to simplify the basic Form 1040 document from a few pages to a “building blocks” system; the Form 1040 is now a single primary page with six new […]
What is Financial Planning?
What is financial planning? Financial planning is the process of documenting your current financial situation and setting future monetary goals. This process is utilized both by individuals and their families, and executives and their businesses. By considering financial assets, equity and liabilities one can get a clearer picture of both micro and macro activities necessary […]
How Small Business Owners Can Manage Their Accounting
When running a small business, you should have a basic understanding of accounting. Knowing the basics will make you feel confident in the future of your business, and you’ll have better knowledge to plan for your long-term financial success. As a small business owner, accounting helps you track and manage your money effectively, especially if […]
How Accounting and Accountants Help Small Businesses
As a small business owner, you may realize the importance of accounting in your business. Accounting helps your business reach success by knowing the needed information regarding cost and earnings, profit and loss, liabilities and assets for decision making as well as the activities for planning and control measures within the business. Accounting not only […]
What is a W4 Tax Form?
What is a W4 Tax Form? Anytime you start a new job, you’ll be required to fill out a new W-4. Your new employer gives you this form to fill out so that they can withhold the right amount of income tax from your paychecks. It’s important to get it right so that you don’t […]