news
What should a catering invoice include?
The name of the client, their company, their billing address, and their phone number should be among the first things listed on your catering invoice. Und...
Sep 03, 2026 • 1 READS
news
Where is 1099r income reported?
You’ll most likely report amounts from Form 1099-R as ordinary income on line 4b and 5b of the Form 1040. The 1099-R form is an informational return, whic...
Sep 03, 2026 • 1 READS
general
How many number of perils are covered as in built under a fire policy?
12 perils Following are the 12 perils of the standard fire insurance policy: 1) Fire: Damage caused to the insured property/goods due to fire is covered u...
Sep 03, 2026 • 1 READS
updates
Can a 18 year old claim a child tax deduction?
You can still enjoy tax credits for 18 year olds, as long as your child meets the requirements. Plan in advance to make sure you know when those benefits...
Sep 03, 2026 • 1 READS
general
How do you solve for realized income?
To calculate a realized gain or loss, take the difference of the total consideration given and subtract the cost basis. If the difference is positive, it ...
Sep 03, 2026 • 1 READS
updates
How much do small hotel owners make?
The profit, or the money you get to take home, is the money that’s made after all the business expenses are paid off. While the industry is pretty tight-l...
Sep 03, 2026 • 1 READS
general
What is the minimum number of shareholders in a corporation?
The minimum number of incorporators has been cut down from 5 to 2. The maximum number is still 15. Only a One Person Corporation (OPC) may have a single s...
Sep 03, 2026 • 1 READS
general
How do I choose money to invest in?
How to choose investment funds Check the best buy tables to filter down to the funds you might want to buy. Look at the past performance (though this does...
Sep 03, 2026 • 1 READS
general
Can you deduct LLC losses?
If you own an LLC, S corporation, or partnership, your share of the business’s losses affects your individual tax return. You can deduct a business loss f...
Sep 03, 2026 • 1 READS
news
Does Kentucky follow the federal extension?
The State of Kentucky recognizes a properly filed Federal tax extension (IRS Form 4868). Therefore, if you have a valid Federal extension, you will automa...
Sep 03, 2026 • 0 READS
