How to Make a Financial Statement for Small Business? A Step-by-Step Guide for Success

How to Make a Financial Statement for Small Business? A Step-by-Step Guide for Success

A financial statement is a legal document that documents a company’s financial activity. These plans depict the current state of your small business and forecast the company’s future vision and plans. Beginning with your day-to-day bookkeeping, you can create financial statements for your small business. You’ll pull and organize data from these records to put

What Is a Pre-Tax Deduction? Benefits and Implications

What Is a Pre-Tax Deduction? Benefits and Implications

Pre-tax deductions are payments for benefits made directly from an employee’s paycheck before any taxes are withheld. Pre-tax and post-tax benefits deductions are the two types of benefits deductions.  Pre-tax deductions lower an employee’s taxable income, allowing them to save money on their federal income tax return.  According to the IRS, certain benefits are eligible

Tax Deduction for Legal Fees: Is Legal Fees Tax Deductible for Business?

Tax Deduction for Legal Fees: Is Legal Fees Tax Deductible for Business?

Legal fees incurred for business purposes are tax-deductible. The deduction can be claimed on business returns (such as Form 1065 for a partnership) or directly on Schedule C of personal income tax returns. The Internal Revenue Service allows individuals and businesses to deduct the cost of certain professional services, including legal fees, as a business

Explore Top HubSpot Alternatives: Your Comprehensive Guide

Looking for Hubspot alternatives? You’ve come to the right place. Hubspot is easily one of the most well-known inbound marketing tools available. So it’s understandable that you’d want to compare HubSpot to other similar software. People choose HubSpot competitors for a number of (good) reasons. Luckily for us, the market is filled with interesting alternative