Reporting Cash Payments to the IRS

Reporting Cash Payments to the IRS

Have you received a large sum of cash this year in a recent business deal? According to Federal Law, all persons who are given over $10,000 cash in one or more related transactions, are required to report the sum to the IRS. Here’s everything you need to know to do...
It’s Time to Update Your Payment Options

It’s Time to Update Your Payment Options

With the rise of millennials and the digital space, it’s no secret that the time’s are changing. From online shopping, to credit cards and “Apple Pay”, there’s a new expectation in the marketplace now for businesses to accept all forms of payment options beyond simply...
5 Ways to Deal with a Late-Paying Client

5 Ways to Deal with a Late-Paying Client

For a small business, nothing is more vital than a reliable cash flow, which is why it’s so frustrating when payment is late after the job is complete. How do you deal with a client who’s invoices are overdue? How do you prevent future late payments from happening?...
5 Tips to Increase Credit Rewards

5 Tips to Increase Credit Rewards

We all love getting rewarded for our everyday purchases through credit cards. Truly a win-win situation for all involved, as credit card companies charge a small fee to every business who accepts a purchase, more swiping on our part, means more money for the credit...
IRS Audits of Millionaires is Decreasing

IRS Audits of Millionaires is Decreasing

In an all time low, statistics by Syracuse University’s Transactional Records Access Clearinghouse (TRAC) found that out of every 100 millionaires, only 3 were audited by the IRS last year, while less than half of the state’s largest corporations – each possessing...

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