Nowadays, most people change at least one job per their lifetime. New employees should explore the benefits that the company has provided to its employees in order to maximize the benefits. The post provides some guidance for employees to take advantages and to maximize the company’s available benefits. Here is the list of common benefits […]
Company’s Benefits – How to maximize the benefits- Finance 101 Read More »
Why Dividends Received Deduction is important? Dividends Received Deduction (DRD) is available to Corporations. The purpose of the dividends received deduction is to mitigate multiple taxation of corporate income. If a corporation owns a stock in another corporation and receives dividends, then a portion of dividends may be deducted from income as a special deduction
Dividends Received Deduction – DRD (IRC section 243) Read More »
A business can choose accrual method of tax accounting but it has to be eligible to use the cash method of tax accounting. Cash method of tax accounting eligibility In general, a business recognizes income when actually or constructively received Public Law 115-97 provides a guideline for businesses to be eligible to use the cash
Tax Accounting Methods: Cash Method vs. Accrual Method Read More »
I’ve always had a credit score of 800 and above for so many years. However, there was a silly mistake that costed me 90 points. The lower credit score impacted my interest rate and closing cost when I purchased my home in 2019. Automatic Payment is the key to keep up with billing deadlines As
A Silly Mistake Can Significantly Hurt Your Credit Score – A Mistake Should Be Avoided Read More »
