Articles

It’s a well-known fact for all entrepreneurs that they have to keep receipts to claim deductions when it comes to filing taxes. But if you are launching a business for the first time, you might be interested in all types of..

Quarterly estimated taxes might seem like a heavy burden since taxpayers have to make calculations and pay four times a year. But typically, estimated tax payments may even reduce the tax burden when it’s tax season. Instead of worrying about paying..

Filing tax returns is the most convenient way of taking care of back taxes. The IRS (Internal Revenue Service) has no official limitations of how long a taxpayer may file past due tax returns. It’s a tricky issue since taxpayers may..

A number always has to be assigned to an invoice, which affects the financial reporting and general documentation. Keep reading the article to learn what an invoice number is and why it’s important. Invoice Definition An invoice is a bill sent..

Starting a business is always exciting. You get a chance to optimize your small business, find clients, new directions, etc. An expansion of a business means you need employees. And here comes the not-so-exciting part — dealing with payroll. Payroll is..

The Financial Accounting Standards Board is an independent non-profit organization launched to create and optimize financial accounting standards in the private business sector. Keep reading the article to learn more about FASB and how it works. You will also learn about..

You may have heard about deposit slips since they are commonly used when depositing money in a bank. In some cases, bank customers must fill out deposit slips to direct their funds to the correct bank account. A deposit slip identifies..

Mark-to-market is a way of estimating the fair value of accounts subject to fluctuations over time, for instance, assets and liabilities. Its goal is to provide realistic time-to-time estimations of the company’s or institution’s financial health based on the current market..

Writing paper checks used to be popular a few decades ago. Today, most people prefer managing their finances online. Moreover, it’s much easier to use electronic checks instead of paper ones. The statistics show that around 55% of US citizens prefer..