As an S corporation, you can use either the accrual or cash accounting method if you don’t keep an inventory. If you maintain an inventory, you have to us...

When you rent a car, you need to bring the following documents: A full driving licence. A valid photo ID (passport, ID card, driving licence). A third for...

Yes; TurboTax can certainly handle the type of return required for a self-employed commodities trader; but it will require a little bit of work and effort...

“Homesteads” are exempt under the Texas Property Code. Liens can remain attached to property for 10 years, making them highly effective at enforcing court...

As citizens, Australians have the right to vote, to seek election to Parliament, to apply to work within government and the defence force, to apply for an...

The term structure of interest rates is upward sloping when long-term rates are higher than short-term rates. An upward sloping yield curve is called a no...

An Offer is Just an Offer If you do not accept an offer by signing it and having your agent deliver it to the buyer or his agent, you do not have a contra...

Earnings per share or basic earnings per share is calculated by subtracting preferred dividends from net income and dividing by the weighted average commo...

Self-employed people can deduct health insurance premiums directly on Form 1040 (Line 29 on returns). You deduct all other qualified medical expenses on S...

In 2020 and 2021, you can give up to $15,000 to someone in a year and generally not have to deal with the IRS about it. If you give more than $15,000 in c...