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Tax Time

The Tax Clock is Ticking: When Should Your Business Pay Up?

Are you a small business owner? If yes, navigating the world of taxes can be challenging, especially if you are a newbie. However, every business owner must know when and how to pay taxes,, as it decides your small business’s legal compliance and financial health. So, small business tax planning is a vital aspect that […]
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Cash Flow Analysis

Cash Flow Analysis – 6 Key Cash Flow Metrics, KPIs & How to Track Them

Cash flow is the lifeblood of small businesses. Without healthy and accurate business cash flow analysis and management, your business will experience cash flow problems small businesses encounter when they don’t have a clear-cut strategy and all the facts in place. The six cash flow metrics and KPIs will help you stay on top so […]
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bookkeeping

5 Reasons Why Bookkeeping is Essential for Your Business

Recordkeeping and accounting play crucial roles in most businesses. Recording source documents for financial transactions and business operations is a must for analyzing the capacity and financial position of the company. Learn why bookkeeping is important for your business. Benefits of Excellent Bookkeeping and Recordkeeping Whether you have a Certified Public Accountant, a Bookkeeper on […]
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Filing Tax Extension

Is There Any Risk in Filing Tax Extension for Tax Audit?

What is a tax extension? A tax extension is a request made by taxpayers to extend the filing deadline for their federal income tax return, it also covers paying tax (including estimated tax), and filing tax extension forms. But it doesn’t allow you to give yourself extra time to pay taxes. Furthermore, you can ask […]
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FDIC Insurance

What is FDIC Insurance & What are the Coverage Limits?

Understanding FDIC Insurance and Your Coverage Limits – As your trusted advisors, we wanted to bring your attention to the potential risks associated with holding more than $250,000 in cash at a bank, even when held in multiple accounts. Recent events, such as the failures of Silicon Valley Bank and Signature Bank, have shown that […]
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Tis the Season for Charitable Giving

‘Tis the Season for Charitable Giving… So, let’s make sure you’re doing it right. What documentation am I required to keep on my Charitable Donations? That depends on the type and value of the donation. – For cash donations under $250, the donor must have a bank record (canceled check, debit, credit card charge) or […]
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