Why Is Accounting Important For Small Businesses?

The Importance of Accounting For Small Businesses Many small business owners think that accounting is only for big businesses. Nothing could be further from the truth. Governments around the world require businesses of all shapes and sizes to maintain an accurate financial record of their transactions and share it with all the stakeholders, tax authorities […]

The Pros & Cons of Estate Tax

The Pros & Cons of Estate Tax An estate tax is levied by the federal or state government on estates whose values exceed a certain amount. The tax is to be paid by the person who inherits the assets in the estate. It is estimated that taxable estates usually pay one-sixth of their value in […]

Tax preparation: 5 Types of Documents to speed the process

Taxes are inevitable; whether you are a salaried individual or a business owner, you are obliged to pay taxes according to the law. Although the IRS has been supporting taxpayers and making it easier for them to file and pay taxes online, people with insufficient knowledge of tax codes might not be able to file […]