If you are like me, as a student, you dreamed of the day where you were a working professional instead of a poor college student trying to balance homework, friends, and a job. However, when graduation day arrives, many students tend to feel more anxious about the future than prepared. A 2018 survey found that only 4 [...]
It is not uncommon to hear about individuals with "side hustles" or secondary income sources. Almost half of working Americans have a gig outside their primary job with the average side hustle bringing in $1,100 a month. While many people are quick to jump on the opportunity to earn more money, just as many fail to properly [...]
An entrepreneur/businessperson is a person who sets up a business or businesses. The term "businessperson" may refer to a founder, owner, or majority shareholder of a commercial enterprise, or it can characterize a high-level executive who does the everyday running and management of a company even if that executive is not the owner. - From Wikipedia, [...]
You know when you go on vacation or are over the road for extended periods, and you come home, and the mailbox is SO full you can barely open it. Well, with the global pandemic going on with COVID -19, the IRS has tons of mail. No, they weren’t on vacation, but due to the pandemic, [...]
Got assets and need cash? As a Senior Analyst for Abacus CPAs, I have seen this all too often. Business owners, like you, get the short end of the deal. You spend a ton of money to build, buy, and add on to facilities for your business and at the end of the year, you still [...]
You might be surprised to know it, but taxes are not only due April 15th. The IRS wants taxpayers to send in money throughout the year to keep the government running. Most people have their taxes sent in by their employers through deductions straight from their paychecks. But for those who have income from outside of [...]
As a professional in the accounting field, I have many client interactions. As a millennial, I know some interactions can feel overwhelming. I’m here to tell you there is hope! Because each client is different and as different communication preferences, I’m going to share a variety of options available to you to improve your client relations [...]
As a small business grows from a single person sole proprietorship to a multi-national corporation, the needs of the company will grow and change. In the beginning of the company’s life cycle, growth is driven by the vision and talent of a small group of people, either the owner or an inner circle of similar-minded individuals. [...]
The first round of the 2020 economic impact payment is a refundable tax credit on your 2020 tax return that has been issued in advance by the federal government based on the adjusted gross income reported on your 2019 or 2018 tax returns. Each qualifying adult will receive $1,200 and $500 for each qualifying child. The [...]
With individuals and businesses looking for more efficient methods to collaborate remotely, especially recently due to the COVID-19 pandemic, Microsoft Teams can be utilized to address these needs. However, like any tool that is used simultaneously by multiple members, there are some best practices and etiquette that should be adopted in order to experience the best [...]
