by ceama_m | Jul 11, 2025 | Bookkeeping
But there is an option for deferring capital gains taxes from the sale of an investment property by gross vs net reinvesting the proceeds. The rules for this option are described in Section 1031 of the Internal Revenue Code, which is why it is often called a... by ceama_m | Jan 21, 2025 | Bookkeeping
As your business grows, it is also important to review your coverage to avoid gaps. Professional indemnity insurance is essential if your work involves providing advice or delivering a service. It protects you against claims of negligence or financial loss arising... by ceama_m | Oct 27, 2023 | Bookkeeping
A statutory employee has a checkmark in box 13 Accounts Receivable Outsourcing of their Form W-2, Wage and Tax Statement. Statutory employees use Schedule C to report their wages and expenses. Having a part-time business in addition to your regular job or business may... by ceama_m | Oct 2, 2023 | Bookkeeping
It’s recommended that you lump materials and goods together as much as possible, so you’re not burdened with this task. Before FreeWill, Patrick was the Head of Innovation at Change.org, where he helped grow the organization to 100 million users in four years. Prior... by ceama_m | Nov 5, 2021 | Bookkeeping
This might involve lowering interest rates to stimulate borrowing and spending, implementing fiscal stimulus measures like tax cuts or increased government spending, or measures to boost employment. With lower tax revenues due to decreased economic activity, there is... by ceama_m | Nov 13, 2020 | Bookkeeping
The credit entry in Service Revenues also means that the owner’s equity will be increasing. When you pay the employee, you no longer owe wages, so your liabilities decrease. Contact VJM Global today to explore how our offshore accounting experts can support your...