Applying for official government documentation can seem like a lot of admin. However, getting an Employer Identification Number (EIN) is an easy process and has several benefits attached to it. Aside from helping to keep your personal and business finances separate, EIN benefits include personal security and credibility. Keep reading to understand more about the […]
Often businesses are required to provide their employer identification number (EIN) for tax purposes, mainly to verify their tax status with the IRS. The nine-digit EIN is what determines this. Because an EIN is not something many businesses have to reference regularly, it is often misplaced or forgotten. Luckily, there are several systems businesses can […]
All new business owners need to have an Employee Identification Number (EIN) to disclose their tax status with the IRS system. This information is required for businesses to be able to submit tax reports and apply for certain types of licensing and business loans. The IRS issues EINs at no cost to the company. All […]
Tax season can be an incredibly stressful and time-consuming period for financial institutions, businesses, accountants, and individuals alike. But, it doesn’t have to be! By implementing some simple strategies, you can expedite your tax season by saving time and labor. Get ready to revolutionize your workflow and take the stress out of tax season! 1. […]
KYC regulations are an essential component in combating money laundering and other financial crimes. Adherence to these regulations ensures organizations and financial institutions manage their risk and prioritize fraud prevention. KYC regulations are designed to help protect banks, businesses, and individuals from criminal activity and financial loss. In this blog post, we will discuss the […]
As tax season approaches, preparers around the country are gearing up for long hours, stressful days, and many cups of coffee. Often, these preparers find themselves hounding business clients for information regarding clients, vendors, and subcontractors and throwing the number “1099” around like it’s the winning lottery number. What people may not realize is that […]