Bookkeeping

This is very similar to entering your transactions in a checkbook register. Either add or subtract the amount from the account balance for each type of transaction. With a separate business account, you can easily track your business cash flow. This will help you claim tax deductions, protect your assets from liability, and gain access … Read more

Marital status significantly determines your tax liability, affecting your filing status and tax brackets. Pre-tax deductions, such as retirement fund contributions, can also impact your paycheck. By reducing your taxable income, these deductions may lower your overall tax liability. Before 2018, you could claim one deduction for yourself, one for your spouse, and one for … Read more