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EIN Lookup Guide

EIN Lookup: How to Find Your Tax ID Number

EIN Lookup Guide: Everything you need to know about your EIN / Tax ID Number So you do not know your Ein is or have misplaced it! Good thing there are many Ein Lookup tools available
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1099 Employee: Everything You Need to Know

1099 Employee: Everything You Need to Know

As a business owner, there are several ways you can choose to classify those who work for you. The two primary ways are as a 1099 or W2 employee.  A W2 employee is what most
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W2 Employee: Everything You Need to Know

W2 Employee: Everything You Need to Know

Chances are you've collected a W-2 before from a previous employer and know what it’s like being a traditional employee.  As a new business owner, you might think you’re familiar with everything that
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Single Member LLC Defined

Single Member LLC Defined

Excited to get to the fun stuff but bogged down figuring which business structure– single member LLC or sole proprietorship– is best for you? We break down both below to help make the decision clear
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How to Calculate Gross Profit Formula

How to Calculate Gross Profit Formula

What is gross profit? If you’re just starting to dig into the accounting metrics of your business, gross profit is easily one of the most important of those metrics to understand. Put it simply,
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The Ins and Outs of Depreciation

The Ins and Outs of Depreciation

If you are searching for the depreciation definition you have come to the right place. We have funded thousands of businesses and know a thing or two about how depreciation works. As it seems like
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What Is Form 8821?

What Is Form 8821?

Similar to a power of attorney, but offering less authority in comparison, IRS Form 8821 authorizes a person or organization to both receive and receive a copy of filed tax returns and inspect a person’
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What is a UCC Filing?

What is a UCC Filing?

nbsp; If you’ve recently reviewed your business credit report or have conducted a UCC filing search, you may have noticed a UCC filing on your report. Why Do I have a UCC on My
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Self-Employed Health Insurance: Everything You Need to Know

Self-Employed Health Insurance: Everything You Need to Know

So I recently had to get health insurance for me and my family and did not realize that there are great loopholes to help bring down the cost of you are self-employed so I decided
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Assets, Liabilities, and Equity: What They Are and Why They're Important

Assets, Liabilities, and Equity: What They Are and Why They're Important

Knowing how to assess the financial health of your business is important. This starts at understanding assets liabilities & equity. However, with so many different numbers, reports, and ways to look at those critical metrics
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Small Business Resources for Entrepreneurs

Small Business Resources for Entrepreneurs

As an entrepreneur, it’s important to get your hands on every advantage available to help you succeed. If you are reading this you should know that any resource is an edge of the competition
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How To Calculate an Amortization Schedule

How To Calculate an Amortization Schedule

Most business owners don’t fully understand the effects of long-term interest or how an amortization schedule works. As a result, they get locked into a loan and end up paying more interest than they
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2018 Small Business Tax Rate Guide

2018 Small Business Tax Rate Guide

As a small business owner, it’s important to be able to gauge how much you’ll pay in taxes for the upcoming year. The last thing you want is to go file
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What is a Fiscal Year ? Choosing Fiscal Year vs. Calendar Year for Your Business Taxes

What is a Fiscal Year ? Choosing Fiscal Year vs. Calendar Year for Your Business Taxes

As a business owner, you want to utilize every advantage available to maximize your success. And one of the ways you can do that is by full understanding– and making a smart choice about– IRS
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What Is Debt-Service Coverage Ratio or DSCR?

What Is Debt-Service Coverage Ratio or DSCR?

As an entrepreneur, access to funds when you need it most is critical to the success of your business. That’s why it’s important to understand everything you’ll need to improve your chances
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How to Prepare an Accounts Receivable Aging Report

How to Prepare an Accounts Receivable Aging Report

An accounts receivable aging report, also known simply as an A/R report or aging A/R report,is used by many business owners who invoice their clients to keep track of what payments are
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S Corp vs. C Corp: Which Is Best for Your Business?

S Corp vs. C Corp: Which Is Best for Your Business?

We know– deciding between being an S corp vs. C corp for a business entity is the last thing you have time for. Unfortunately, before your business can turn a profit (or file its taxes…)
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How to Prepare a Profit and Loss Statement : The basics

How to Prepare a Profit and Loss Statement : The basics

How to Prepare a Profit and Loss Statement: The basics Imagine for a moment, that you went to a doctor to get a checkup. Only they didn’t actually give you a checkup; they simply
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How long do credit inquiries stay on your credit score?

How long do credit inquiries stay on your credit score?

How Long Does a Hard Inquiry Stay on Your Credit Report - Everything You Need to Know! Your credit is one of the most important assets you can have if you are from the US and
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How to Create a Balance Sheet - A simple Guide

How to Create a Balance Sheet - A simple Guide

As a business owner at one point in time or another, you have had to hear the word balance sheet when evaluating the strength of a business's financial health A balance sheet is an important
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SS4 Letter - What is it and how to get a copy of yours

SS4 Letter - What is it and how to get a copy of yours

nbsp; When running a business it's important to understand what legal documents are crucial to keep on file one of the most frequently used is the SS-4 Letter.  When starting a new business the IRS
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