• The Importance of Separating Personal and Business Finances

The Importance of Separating Personal and Business Finances

One fundamental financial practice that often gets overlooked, yet holds immense importance, is the separation of personal and business finances. By maintaining distinct bank accounts and credit cards for business transactions, small business owners can streamline bookkeeping processes, ensure accurate expense tracking, and foster clarity in financial management. Importance of Separating Personal and Business Finances: The intertwining of personal and business finances can lead [...]

By |2024-03-04T19:15:15+00:00March 8, 2024|Financial Planning|Comments Off on The Importance of Separating Personal and Business Finances
  • Death of a Loved One

Death of a Loved One

Article Highlights: Collecting Paperwork Decedent and Survivor Social Security Benefits Probate Decedent’s Estate Decedent Final Tax Return Other Tax Returns Surviving Spouse Survivor Benefits Surviving Spouse Filing Status The death of a loved one is one of life’s most difficult times and a time for reflection and grieving. However, it also triggers unique financial and tax events that must be dealt with by the [...]

By |2024-03-04T19:09:22+00:00March 7, 2024|Financial Planning|Comments Off on Death of a Loved One
  • Employers Beware: ERC Voluntary Disclosure Program Ends Soon

Employers Beware: ERC Voluntary Disclosure Program Ends Soon

Article Highlights: ERC Background. TV Promoters and Marketeers. IRS Programs to Withdraw Erroneous Claims. ERC Voluntary Disclosure Program. How to Apply for the Voluntary Disclosure Program. ERC Claim Withdrawal Program. ERC Background The Employee Retention Credit (ERC) was a government-sponsored program to keep workers employed during the Covid-19 pandemic. It provided qualifying employers with a refundable credit against certain employment taxes equal to 70% [...]

By |2024-03-04T18:54:39+00:00March 6, 2024|Taxes|Comments Off on Employers Beware: ERC Voluntary Disclosure Program Ends Soon
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