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What Is The Difference Between a 1099 and a W-2 Tax Form?
Employers issue W-2s and 1099s to employees and non-employees who work for their business annually. Form 1099 is typically issued to independent contractors to enable them to report their incomes to the IRS and pay their taxes accordingly. However, Form W-2 is...
Realtors vs. Real Estate Agents: What’s the Difference?
Unlike the majority of professions, the real estate industry has names and titles that are, at times, confusing. Titles like real estate agents and realtors are often used interchangeably. However, it is imperative to note that besides being different in terms of...
Tips on finding the perfect office space
A perfect office space positively contributes to the productivity and satisfaction of employees. However, given the evolution of the modern workplace, the definition of "perfect" now varies for different companies. Thus, searching for a professional office space that...
Top 6 benefits of Immigration Consulting
An immigration consultant helps people in emigrating from one country to another. They help you prepare for the interviews, applications, paperwork, document verifications, and proofreadings to ensure your application is accurate and error-free. Moreover, they are...
Bookkeeping Vs. Accounting: What’s the Difference?
Every business needs to practice diligent bookkeeping and accounting process to prepare its financial records at the end of the year/ quarter. These two essential elements help companies analyze and evaluate their strengths and areas of improvement while equipping...
When Should You Consult a Professional Accounting Firm for Individual Tax Returns?
Filing and completing tax obligations on your own can be challenging and nerve-wracking. However, hiring a well-experienced accounting firm to file your tax returns can help you get accustomed to the process. The primary role of a professional accounting firm is to...
Top 5 Benefits Of Bookkeeping For Your Business
Bookkeeping refers to the systematic recording of financial transactions and other monetary information concerning your company's daily operations. It enables you to ensure that each financial transactions are up-to-date, accurate, and comprehensive. Moreover, it...
Everything You Need To Know About Split Refund
For most people, getting a tax refund may feel like getting a handful of sand. While it feels virtually impossible to hang on to it, you can still have IRS split your refund across different accounts to prevent the windfall from slipping through your fingers. A split...
An Introduction To Corporate Tax Returns
A corporate tax return is a detailed report of a company’s profits and expenses, determining the aggregate amount of tax a company owes to the US government. As per the US IRS, all business organizations must file tax returns annually regardless of whether or not the...
A Beginner’s Guide To Individual Tax Returns
Filing for your individual income tax return for the first time can be overwhelming. The best way to tackle the tax season is by taking one step at a time while avoiding the chances of rookie mistakes. This way, you can consciously take advantage of the money-saving...