Category Archives: Accounting
Apply for a Federal Tax ID in Washington
Apply for a Federal Tax ID in Washington
When you start a business, the last thing you want to do is end up on the wrong side of the IRS. That means that you should be careful when filling out your taxes and pay attention the identification documents that you need. One of these documents, for example, is called an employer identification number (EIN). It is important to have an EIN number in Washington if you want to keep your business running smoothly. And don’t worry if you are not sure how
What to Look for in Your P & L Statement as a Property Investor
Investors in the property business have three basic tools with which they measure how well their investment is faring in the market or make predictions about the future of their investment. To not use these tools properly is like jumping into the sea without a buoy to save a sinking chest of gold. Call them financial statements, and you are a couple miles away to becoming a better landlord.
One of the three financial statements we will consider here is the profit and loss statement (P &
What is the difference between a non-refundable and refundable tax credit?
There are a few major differences between non-refundable tax credits and refundable tax credits in Canada. While any tax credits are surely something positive for any individual or busienss, check out this post to learn about refundable ones which can actually be considered as payments!
Non-Refundable Tax Credits
A tax credit that cannot reduce the amount of tax that a person or business owes to less than zero. If a tax credit were able to reduce the amount of tax that someone owes to less
Why use an umbrella company?
Contracting is a way of life for many. The extra flexibility it gives in terms of work can help freelancers develop a better balance between their professional and family lives.
However, some find the administrative side of contracting difficult hard to manage, especially on a regular basis. It is here that an umbrella company's services can come in very handy.
Pay
By choosing to work through an umbrella company you will be employed under what is called an overarching Contract of Employment.
