Tax

COVID-19 has affected every business and individual in different ways. The financial effects have been the dominant whether small businesses, individuals, or entrepreneurs. Small businesses are the most vulnerable to such economic shocks, followed by the pandemic in 2020. Therefore, the Small Business Administration(SBA) had different initiatives in place to accommodate small business owners. Economic […]

 Every year as soon as the tax season arrives, Americans have to hustle to ensure that all forms are filled correctly, and they’re good to go for filing their tax returns. Business owners and corporations are hustling to update their accounting statements and financials or hiring tax professionals to take care of everything. Individual taxpayers

Fintech solutions providers and entrepreneurs are always trying to introduce new solutions for facilitating the consumers. From budgeting apps to online banking, online investment to tax filing, everything has been a fruit of efforts put in by the fintech entrepreneurs. Tax filing has become easier and simplified with advancements in technology.  Tax software and online

Taxpayers and tax filers face a lot of difficulties and have to go through complicated procedures for filing tax returns and getting the due refunds. In the era of Globalization 3.0, when advancement in technology has given a new life to every industry, the tax industry is not lagging behind. Besides the conventional way of

It is true that most taxpayers, whether individuals or small businesses rely on the tax return filing software. The tax software provides simplified and quick tax return filing without needing to understand all the complicated terms of IRS, Federal, and State taxes. TurboTax, H&R Block, and similar tax software provide an easy way of filing

Tax season is not a happy one for most people. The reasons include the complicated process of tax returns and making sure that financial statements are up to date. Besides, ensuring that everything is reported with compliance and you’ve claimed all possible deductions is also a concern. And this problem is common whether an individual

Every business has to prepare different financial statements, being a statement of profit and loss, a balance sheet, and a cash flow statement as the most significant ones. The expenses incurred, revenues earned, payables, receivables, and other items are recorded and presented in meaningful information by the financial statements. Different accounting standards, tax reporting, and

An audit is a process in which an auditor examines a subject matter against specified criteria. During this process, the auditors use various audit procedures to obtain assurance regarding the subject matter. Several types of audits may exist. Usually, audits refer to external or internal audits conducted by independent auditors. These processes include examining a