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June 23, 2023
What is the qualified business income deduction? The qualified business income (QBI) deduction is a tax deduction for individuals who own and operate certain types of […]
June 21, 2023
What is SG&A? SG&A stands for Selling, General, and administrative expenses. It is an accounting term that describes the costs associated with running a business that […]
June 16, 2023
What is LLC? LLC stands for Limited Liability Company. It is a type of legal entity that is separate from its owners, also known as members. […]
June 15, 2023
Are you feeling anxious about not filing your taxes on time this year? You are not alone. Despite this being an annual occurrence, many people must […]
June 14, 2023
What is an invoice An invoice is a commercial document that provides a detailed summary of goods or services, given by a seller to a buyer. […]
June 6, 2023
In finance and business, profit is a vital indicator of a company’s success. When evaluating a company’s financial health, gross profit vs. net profit are two […]
May 31, 2023
What Is Accumulated Depreciation? If you own a business, keeping track of your assets is crucial to your financial well-being. One important aspect of asset management […]
April 28, 2023
What is backup withholding tax? Backup withholding is tax withholding that requires a payer to withhold a certain percentage of payment to a recipient and remit […]
April 25, 2023
Reconciliation in accounting refers to comparing two sets of financial records or statements to ensure that they agree and are accurate. It involves comparing the balances […]