Are you looking to turn a hobby into a business? Do you want to grow your hobby into something more? Have you already succeeded in doing so? When it comes to personalized tax or business tax, you need to know what you must pay and how to file your taxes the right way. At Borshoff […]
3 Tax Implications of Turning a Hobby into a Business Read More »
Credit reports are important financial instruments that affect many areas of your life, so it is a good idea to understand what a credit report is and why it is so important. After all, how does a credit report actually impact your life? Can it really make a difference between getting a car loan and
Credit Reports | What to Know About Yours (Part 1) Read More »
As a small business owner, there may be many factors to running a business that are new to you. Determining whether someone is an employee or contract worker is likely one of those things. Knowing the difference between the two is something that is often looked over by business owners in favor of more pressing
Employee or Contract Worker | What Employers Need to Know Read More »
Understanding how successful people spend their time can be very valuable as it’s always good to learn something new! Also, you can better understand some new ways to spend your time and achieve your goals in an ever-changing world! There are ways to spend your time, including exercising, learning, recharging your batteries, doing volunteer work,
7 Ways Successful People Spend Their Time Read More »
As you may or may not know, you probably will have to pay taxes on your Social Security income. What you may not know is that this amount is determined by many factors. If you are worried about paying taxes on Social Security income, look no further; we will discuss in detail the specifications that
Paying Taxes on Social Security Income | What to Know Read More »
The code of ethics in accounting is a set of basic ethical guidelines that professionals must adhere to. These ethical guidelines are more closely described as general principles applying to honesty, morals, and integrity. However, the “code of professional conduct” is a specific set of rules enforced by governing bodies of certified public accountants. These
5 Reasons Ethics in Accounting Matter in Business Read More »
Bookkeeping is an important part of any business. However, it is easy to overlook this integral part to focus on other priorities like meeting clients and filling customer orders – among other things. It’s understandable since those things keep your business running, but bookkeeping is essential. Delays in managing your books can cost you in
Top 10 Reasons to Hire a Bookkeeper Read More »
Although retirement may be a period of carefree relaxation, that doesn’t stop the IRS from mandating that you pay the taxes you owe. With annuities, you pay a premium during your working years in exchange for payouts during retirement, allowing you to have an extra income stream you can rely on when you are no
Annuity Distributions | The Taxes You Need to Know Read More »
Financing a funeral is never fun, whether you are planning for yourself or someone you love who just passed away. The good news is there are some measures in place that protect you during this difficult time. Many associations and organizations can help. Also, you will need to make many decisions, such as which casket
Funeral Finances | How to Handle This Difficult Time Read More »
If you live in Indiana, you’re likely familiar with the general taxation system. That is, if you earn money, you probably owe taxes on it. The money you make from your investments is no exception. With investments, as with other income sources, the rules for paying taxes are specific and varied, depending mainly on the
Investment Income Taxes | What You Need to Know Read More »
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