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Latest Article
Business tips
What Is The Employer of Record (EOR) Process & How It Works?
An Employer of Record (EOR) serves as the official employer, handling payroll, taxes, compliance, and HR while the client retains operational control.
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Invoice Lending for the Manufacturing Industry
Invoice loans and lines of credit are designed for companies that may not qualify for traditional lending arrangements for a variety of reasons
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Letters Of Credit
Loopholes in Accepting Letters of Credit
When a bank issues a letter of credit to a customer, the bank is actually lending its credit support to the bank customer to enable a business trade or…
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Letters Of Credit
What is a Letter of Credit?
In the business world, it is important to understand the different terminology used to describe various financial transactions. For example, the terms…
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Letters Of Credit
Letters of Credit Are Becoming A Tool of The Past?
Learn why letters of credit are becoming a thing with the past and the different types of letters of credit used in the supply chain.
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IRS
Arranging a Payment Plan with the IRS for Your Business
Both individuals and small business owners get into situations when they can't pay their tax debt all at once. Fortunately, the Internal Revenue Service…
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IRS
Determining if Your Worker is an Independent Contractor or Employee
Business owners are required to withhold federal, social security and Medicare taxes from employee paychecks and forward these funds to the Internal…
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IRS
Understanding the Federal Payment Levy Program
Financial Management Service (FMS) of the Department of the Treasury instituted the Federal Payment Levy Program (FPLP) in 2000 to collect overdue taxes…
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IRS
What is a Franchise Tax?
A franchise tax is a state-level tax that is levied against businesses and partnerships that establish a presence in that particular state. Some state…
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IRS
The Difference Between Calendar Year and Fiscal Year for Business Taxes
Learn more about calendar and fiscal tax reporting, and why factoring companies help business with cash flow using receivables before year end.
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IRS
Can My Business Get Funding While I Have a Tax Lien?
major issue that will arise is when the IRS sends a notification to the lien holders of the business with a 90 day notice.
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IRS
Tax Implications for Factoring Receivables
The IRS uses several facts, including factoring receivables, to determine the tax liability of businesses that use factoring services. If your business is audited, the agency will examine.
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Inventory
What is the True Cost of Inventory on the Shelf?
The optimistic business owner will look at inventory on his shelf and see potential profit. While there is nothing wrong with seeing profit in inventory,…
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