Bank finance articles and tips

You want a successful business; you need customers to achieve this goal. Starting from scratch means you will have to build your customers one at a time and work long and hard to build awareness of your business. Business research shows that consumers are more inclined to do business with a company that they are familiar with. Most franchises have a well established corporate image in addition to customer brand awareness. Franchise companies have already created logos along with advertising that is linked to their name. Therefore, as franchisees join the organization it is easier for them to obtain and retain customers and build a successful business more quickly and easily....

The tax gap is the difference between tax the IRS believes it should collect and what is actually paid. Tax preparers who are not familiar with the tax gap soon will learn about it as a result of their registered tax return preparer CPE.

To see what the IRS means by the tax gap only requires considering two workers conducting identical jobs. One is an employee who receives a W-2 each year reporting wages earned. The other is an independent contractor who is paid by each customer. They both are paid the same amounts.

However, all of the employee's paycheck income appears on the W-2. But, the self-employed independent contractor's income isn't reported anywhere. If some payments are in cash, they don't even appear as bank deposits....