CPA vs. Accountant: Understanding the Core Differences When navigating the world of business finance, understanding the distinct roles of an accountant and a certified public […]
Taxes
Miscellaneous Expenses Explained: Definitions and Tax Deductions
Miscellaneous expenses refer to the various small, often irregular costs that businesses incur that do not fit neatly into standard expense categories. These expenses are […]
The Small Business Owner’s Guide to Home Office Tax Deductions
Many small business owners operate their businesses exclusively from a home office. The IRS allows taxpayers to claim deductions for expenses related to their home […]
Essential Tax Forms You Need to File Your Taxes
Filing taxes can be a complex and stressful experience if you are not properly prepared. One of the first steps in managing your tax filing […]
When and How to Report Your 401(k) on Taxes
A 401 (k) plan is a retirement savings account sponsored by an employer. It allows employees to save and invest a portion of their paycheck […]
Interest Income Explained: How It’s Taxed and Reported
Interest income is the money you earn by lending your money or investing it in interest-bearing accounts or financial instruments. This income can come from […]
Supplier Invoice Explained: What It Is and Why It Matters
A supplier invoice is a document issued by a vendor or supplier to a buyer, detailing the products or services sold and requesting payment. It […]
Sundry Invoice Explained: Definition and Real-Life Example
The term “sundry” in accounting refers to items that are miscellaneous, various, or diverse. These items do not fit neatly into the primary categories of […]
How Businesses Should Invoice Companies: A Complete Guide
Invoicing is a fundamental process for businesses that provide products or services on credit terms. Whether you operate a small business or a larger company, […]
Invoicing Without a Company: A Step-by-Step Guide
Many freelancers and self-employed individuals often wonder if they can invoice clients without having a formally registered company. The answer is yes. You do not […]