environment and climate
Are professional fees an allowable expense?
A deduction can be claimed against profits for professional fees to the extent that they relate to revenue expenditure and are incurred wholly and exclusi...
Latest Headlines
education and learning
Who is exempt from sales tax in Pennsylvania?
Major items exempt from the tax include food (not ready-to-eat); candy and gum; most clothing; textbooks; computer services; pharmaceutical drugs; sales f...
global affairs
Why did I get a 1099-K from Amazon?
A Form 1099-K is issued by Amazon as applicable for each jurisdiction you sell in. If you sell across different regions with Amazon, you may receive more ...
civics and society
What happens to a S corporation during an installment sale?
Because no cash is received, the S corporation recognizes no gain, and the shareholder’s basis remains zero. Since the installment obligation is the only ...
civics and society
How do you thank someone for paying?
How to Word a Thank You Note for Money in a Card Thank you so much for your generous gift. I plan to use it to save towards ____. Thank you for your gift!...
media and communication
Can you claim a baby not born yet?
To claim a baby as a dependent, the baby must have been born alive during the current tax year. If your child wasn’t born until the next year, you can’t c...
culture and society
Can a company hire me as an independent contractor?
Your employer cannot simply call you an independent contractor to avoid federal and state legal requirements – if the characteristics of your job resemble...
environment and climate
What is the difference between a foreign business entity and a domestic business entity?
A domestic corporation is one formed in the state in which it is doing business. A foreign corporation is one incorporated in another state or country and...
science and technology
Does Social Security ever contact you by email?
Social Security may email or text you about programs and services, but will never ask for a return call to an unknown number. Is an email from DoNotReply ...
science and technology
How many people have already filed tax returns?
Here is the curveball: The provision is becoming law after Americans have already filed 55.7 million tax returns with the Internal Revenue Service as of M...
news
How long do you have to publish LLC in New York?
within 120 days In New York, §206 of the Limited Liability Company Law requires an LLC to publish, within 120 days of its formation, a notice in two gener...
news
How do you record purchase of shares in accounting?
Purchase: The journal entry is to debit treasury stock and credit cash for the purchase price. For example, if a company buys back 10,000 shares at $5 per...
education and learning
How long does it take for a page to be verified?
This process usually takes anywhere from 48 hours to 45 days. Anything that gives your brand added credibility is worth pursuing. Follow the steps above t...