The Rising Threat of Business Fraud In today’s fast-paced business world, the threat of fraud is more prevalent than ever. Businesses of all sizes and across industries face various types of fraudulent activities that can have devastating financial and reputational impacts. From small local shops to large corporations, no entity […]
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Navigating the tax landscape as a freelancer or independent contractor can often feel like trekking through a maze. This is especially true in Charlotte, North Carolina, a city bustling with a growing number of self-employed professionals. Whether you’re a seasoned freelancer or just starting out, understanding your tax obligations is
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The tax code, with its endless rules and regulations, can seem daunting even for seasoned business owners. Yet, tucked within its intricacies are valuable deductions—financial lifelines that help small businesses cut costs and boost their bottom line. While well-known deductions like rent and supplies get their fair share of attention,
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Almost 45% of small businesses cite taxes as a negative for their company, and that lower payments would help them succeed. Such outgoings burden many companies, and handling them well can mean the difference between success and failure. So, have you made sure you watch out for some of the most common
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Nothing will raise a person’s blood pressure as much as an IRS audit. In all likelihood, you have a small chance of experiencing an IRS audit in your lifetime. But if you’re one of the unlucky ones who receive the notification letter, it’s best to have all your financial ducks in a
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Did you know that there are over 300,000 IRS audits each year? These could lead to several consequences, such as fines, fees, and inconveniences for your business. So, it’s in your best interest to prioritize working with professional tech services. However, not everybody understands what to look for in accounting services for
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In 2019, only 2.9% of corporate returns were audited. Learning about taxes can seem overwhelming as there is so much paperwork and forms to file. But, business taxes are an essential part of running a successful company. Thankfully, tax services can make the process easier and support you in getting the documents
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Filing taxes can be an expensive part of running a business, with 46% of businesses spending between $5,000 and $20,000 each year on the administration of taxes, legal fees, and other internal costs. Not only can tax preparation cost a lot of money, but it also takes hours and hours to prepare
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Cash flow is defined as the money that flows in and out of your business. Most businesses issue monthly statements to report on their cash flow. If you have more money coming into your business than going out, you have a positive cash flow, also known as being “in the
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Did you know that $3.71 trillion in taxes was collected in 2020? You’ll undoubtedly need to employ tax services this year if you don’t have the time to spend hours filling out your own tax forms, if your tax situation is complicated, or if you simply don’t know where to start. Don’t give
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