asked
How do I correctly enter a merchant cash advance in QuickBooks Online, including handling the upfront fees, payback costs, and the subsequent conversion of these into principal? For example, a $150,000 advance with $9,900 in upfront fees results in a deposit of $140,100, but the total payback is $187,668.90, with $37,668.90 as the interest charge.
April 13th, 2023
I want to open a sole proprietor business with a tax ID number to transfer compensation from an employer and use the entire compensation to pay off debts with credit card companies and bank loans. After the debts are paid in full, I plan to close the business. Is this a good, fast, and practical idea?
December 8th, 2024
What type of organization should we be as a family association to get a bank account for family reunion moneys, and can we use the designation of an ad hoc group or a social group for tax purposes?
October 5th, 2023
I am trying to get my taxes in order. I make a lot of transactions and have an ST-1. I fear that the 1099-K from PayPal won't account for all the business expenses I have, including paying for advertising and gallery space. How can I ensure this doesn't happen?
March 19th, 2024
I have eight charges of $4.26 each, totaling $34.08, to my checking account from GOOGLE *LINE Corp Mountain View CA on May 1, 2020. They were made using my debit card, and I have no idea what these charges are for. I would like to have this amount refunded to my checking account. What should I do?
April 30th, 2023
When I received compensation from my former employer, they didn't include what would have been contributed to my retirement plan. Should they have done so?
August 18th, 2023