February 2021

The borrower may be able to deduct the OID as interest expense. Your investment income generally is not subject to regular withholding. However, it may be subject to backup withholding to ensure that income tax is collected on the income. The bank, broker, or other payer of interest, original issue discount (OID), dividends, cash patronage […]

On paper, a part time bookkeeper may look like an attractive option. However, any error or oversight that may appear on the sheet is fully at your business’s expense. Transactions for every pay run will be automatically created so your reports and books bookkeeping and payroll services stay accurate and organized. Decide what features you