Emergency Fund: Need a $10,000 Crucial Safety Net In the world of trucking, owner-operators are the backbone of the industry. They have the freedom to make their own decisions and the responsibility to manage their finances effectively. One financial aspect that often gets overlooked is the importance of having a substantial emergency fund. We’ll explore…
Estimated Taxes-Why Do I Pay Them Who Pays Them And Why When you are a small business owner or self-employed you are required to pay these taxes. When expecting to owe the government $1,000.00 or more at the time you file, you must make estimated tax payments for the…
Accurate record keeping is vital for your tax return examination. Your records are the original documents used to determine your income, and deductions. So how long are you required to hold on to these original documents? Are you fearful of destroying tax documents? Original documents typically should be held for three years. There are exceptions. When those…
