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Showing posts from January 15, 2023

3 Ways to File Business Taxes for Free in 2023

H ere’s how to file your taxes for free this year. It’s that time again: Tax Time! Luckily, if you meet certain criteria, you may just be able to file your business federal taxes–and possibly your state taxes–without spending a penny! The services below are going to work for contractors, small businesses, and LLCs that use the Schedule C from Form 1040 to complete their taxes. This means you need to be a freelancer, solopreneur, contractor, etc.. Unfortunately these tools below don’t include free filing for corporations and s corps.       FreeTaxUSA Cash App Taxes IRS Free File Go to site Go to site Go to site FreeTaxUSA Go to site Cash App Taxes Go to site IRS Free File Go to site What Are the Ways to File Business Taxes for Free? Here are three ways to file business taxes free this year: 1. FreeTaxUSA (FreeTaxUSA.com) F...

The Best Tax Software for Small Business Owners in 2023

I f you want to do your taxes, you need to know which tax software to use to get the job done. And if you’re a small business owner like me, you need to be sure you’re investing in the best tax software to fit your needs. After all, you’ll be spending more than $75 in most cases. Maybe you’ve checked out the best places to get your taxes done and decided to skip the CPA option . Maybe you’re in your first year of business and want to keep things simple. Or maybe it’s too late to get started with professional in-person help, and you want to file your business taxes online. Whatever the case, here is our list of the best tax software for small business owners . Please review our list and find the best one for you and your business. Note: most of these tax programs will be best for small business owners who are LLCs that file a Schedule C on their 1040 form to report their business earnings. This isn’t for corporations, s corps, or partnerships. Except for TaxAct, which does offer T...

What is Cash Credit? And How to Account for It

Cash credit is a short-term financing source for businesses. It works similarly to an overdraft bank facility. It is an important financing source for businesses in managing their working capital requirements. Unlike an overdraft, a cash credit facility requires collateral. The interest charges apply to the portion of credit utilized only. Contrary to a traditional bank loan, the bank does not charge interest on fixed terms or the full borrowing limit. The cash credit limit approval works similarly to that of a secured loan. Important Features of a Cash Credit Facility The cash credit facility is usually awarded to corporate account holders. The working mechanism of cash credit works similarly to that of an overdraft facility. 1) Approval of Cash Credit Banks appraise the cash credit application based on the creditworthiness of the borrower. Credit history, corporate profile, the value of collateral, and income sources play key roles in cash credit approval. Once approved, borr...

H&R Block Review 2023 | Best Software + Branch?

H&R Block is one of the biggest names in tax preparation, responsible for preparing a whopping one out of every seven tax returns that are filed in the United States. Their huge command of the market is because they have both 10,000 physical branches around the U.S. and tax software that you can use at home to prepare your return. If you need a local branch, odds are there is one within five miles of you right now. For anyone who wants the ease of software and the assurance of a tax pro going over their return before filing, H&R Block also offers the Tax Pro Review, which allows you to complete your return at home on H&R Block online, and choose to have a professional review of your return to make sure it is completely accurate before you submit it to the IRS. All online clients can add Tax Pro Review to their online filing. If you need tax software, you can quickly get it from their website at HRBlock.com. Their suite of products and services shows that H&R Blo...

The Best Landlord Insurance Companies

A s a landlord, you have a ton of responsibilities when managing your rental properties. From finding tenants to collecting rent , there are just so many things to keep track of. Still, one of the most important things you should do as a landlord is ensure you have the right insurance coverage. The right landlord insurance policy will help protect your rental property and your personal finances in a disaster or lawsuit. This article will discuss the best landlord insurance companies and what they offer . I’ll also dial in how best to pick a policy for you. Most Comprehensive Most Established Best For Condos Steadily Landlord Insurance Allstate Landlord Insurance State Farm Rental Property Insurance Get a quote Get a quote Get a quote Most Comprehensive Steadily Landlord Insurance Get a quote Most Established Allstate Landlord Insurance Get a quote Best Fo...