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Month: August 2021

How to Create a Mileage Log (Your Step-by-Step Guide)

How to Create a Mileage Log (Your Step-by-Step Guide)

Fleet management is accompanied by lots of paperwork and may involve Hours of Service (HOS), CDL (Commercial Driving License) licenses, inspections, training, mileage, etc. Due to compliance regulations, these things are mandatory. Knowing how to create a mileage log can be very beneficial to you. When making calculations for your CSA (Compliance, Safety, Accountability) scores, …

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What is the Modified Adjusted Gross Income (MAGI)?

What is the Modified Adjusted Gross Income (MAGI)?

The Internal Revenue Service (IRS) uses the Modified Adjusted Gross Income (MAGI) as a measure to determine whether a taxpayer qualifies for certain contributions or deductions to a Roth IRA (Individual Retirement Account). MAGI also determines if a taxpayer qualifies for certain income tax credits and education tax benefits. In simple terms, it denotes your …

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10 Ways to Help Your Business Survive a Recession

10 Ways to Help Your Business Survive a Recession

An economic recession is a notable decline in the economy, which lasts for some time and affects the Gross Domestic Product (GDP), industrial production, real income, wholesale-retail sales, and employment. It is important for small business owners to learn some tips on how to survive a recession. When a recession hits, it severely affects entrepreneurs …

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7 Things the IRS Doesn't Want You To Know cover

7 THINGS THE IRS DOESN'T WANT YOU TO KNOW

Download our guide to ensure you know everything you need to and are prepared to deal with the IRS.