Quarterly Estimated Tax Payments

Quarterly estimated tax payments are payments made to the IRS and, in some cases, to state tax authorities, on a quarterly basis to cover your tax lia...
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What is an Emergency Fund?

What is an Emergency Fund   An emergency fund is a savings account that is set aside specifically for unexpected events or emergencies. It's...
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Revenue vs Profit

Revenue vs Profit Revenue and profit are two important financial concepts that every business owner should understand. While they are related, they a...
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Managing Cash Flow

Managing Cash Flow Managing cash flow is critical for the success of any business. Cash flow refers to the movement of cash in and out of a business,...
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What are allowable expenses?

What are Allowable expenses?   Allowable expenses are the costs incurred by a business that are considered to be normal and necessary for its...
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Can a bookkeeper prepare payroll?

Can a bookkeeper prepare payroll? A bookkeeper can play a vital role in the payroll process for a business. Payroll is the process of paying empl...
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