March 2014 - Philadelphia CPA
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March 2014

One of the primary advantages of incorporating a business is that the business owners are not held personally liable for the debts or liabilities of the entity (as used herein, entities include corporations, limited liability companies, and limited partnerships.In other words, creditors can only pursue...

No matter how you file your income tax return-by mailing a paper copy or electronically-you can pay your taxes using a major credit card or debit card online. Individuals can make these payments 24 hours a day, seven days a week, using certain cards, as...

If you are a business owner, you need to be familiar with IRC 274. This very important code section is the "substantiation requirement," meaning certain deductions that you claim on your business tax returns MUST be supported with appropriate documentation.For example, if you claimed a...