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In the USA, the tax return deadline is usually April 15. Many freelancers (self-employed individuals or independent contractors) often have questions about earnings, deductions, and required forms. Staying organized and maintaining good records throughout the year can…
SFIO CRACHOshutterstockMany businesses—whether large or small—depend on orderliness in their warehouses. To prevent organizational errors that could lead to significant business issues, companies should use inventory management software. These programs help businesses keep track of their inventory.…
SFIO CRACHOshutterstockWithdrawing from company assets for personal use is common for business owners, as they need income. This process, known as an owner’s draw, can be complex in terms of accounting and tax law. What should you consider when withdrawing money, what types of withdrawals exist, and is…
NDAB CreativityshutterstockAccounting is a complex task and especially entrepreneurs who are just starting their projects can use all the help they can get. With the right bookkeeping software, founders, freelancers, and SMEs have tools at their disposal that make the work easier and less error-prone. What…
Regulations around individuals’ capacity to contract look at who may act in legal transactions and who may not or only to a limited extent. In this way, persons unable to contract are to be protected from unknowingly damaging themselves or others. Whether a person has the…
Gustavo FrazaoshutterstockNomen est omen: The name of a company should be well thought out. A good company name that accurately reflects the characteristics of the business, products, or services can be invaluable—especially if it is well-known and positively perceived within the target audience. However,…
DjomasshutterstockAlthough it varies from state to state, there are some important things employers should keep in mind when hiring new employees. There are forms to fill out and registrations to be made with local authorities. This article explains what needs to be done and provides a handy…
Billion PhotosshutterstockIf you want to use your company assets to strengthen company funds from your personal account, that isn’t a problem initially. However, you have to book these contributions and withdrawals correctly. It is important that these transactions do not affect the company’s profit or…
marventshutterstockIf several people or entities want to operate a commercial business together, their first step is finding a suitable legal form for their business. An interesting, common solution is a limited partnership. This is comprised of general partners, with unlimited liability, and…
create jobs 51shutterstockThe business structure determines how a company is run regarding its legal aspects. It regulates the relationship between partners and shareholders as well as their relationship to the state and the environment. Here, we provide an overview of the most common types of business…