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Marketable securities play a critical role in managing working capital. Companies need to have enough readily available funds to handle everyday operations like paying employees, buying inventory, and covering regular expenses. Marketable securities provide a quick source of money, ensuring 16 steps to starting a business while working full time that businesses can meet these… Continue reading Get Ready: IRS website has helpful resources for taxpayers Internal Revenue Service

Offshore banking is used most by businesses that operate internationally. However, if you reside in another country, it makes sense for you to set up an offshore bank account where you live. These companies offer a host of different types of accounting services, including generating financial reports and preparing tax calculations. Your year-end accounting can… Continue reading A concise guide to offshore accounting: Types, pros, cons, and top providers

Most of the philosophy of the prior Code continued into the new codified version, but the Code has always been a living document subject to change as needed. By organizing the Code by topic, users can more easily research and resolve their ethical questions. Various threats that would undermine the CPA’s compliance with the Code… Continue reading What is materiality? The AICPA definition of materiality changes

Delaware is known for having a low tax rate, making it a popular state for incorporating a business. However, Delaware corporations are required to pay a franchise tax annually, which is a fee for the right to do business in the state. The franchise tax is calculated based on the corporation’s authorized shares, issued shares,… Continue reading DE Corporation Annual Report Requirements Harvard Business Services, Inc