Naming your company can be tricky. You’ve spent hours brainstorming unique ideas that embody what your company will stand for. But there’s one problem. What if the name is the same as another company? In this guide, we’ll explain whether you can have the same DBA name as another company and the benefits of having…
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DBA is an acronym for “doing business as” and can occasionally be referred to as a trade, fictitious, or assumed business name. Regardless of what you call it, a DBA allows business owners to operate under a state-registered alias separate from their legal name. The process for filing for a DBA is relatively uncomplicated, but…
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Naming your business is top of the to-do list when formulating your company. You want one that stands out and tells people what you sell. You want it to be memorable yet easy to pronounce. However, finding a name isn’t enough. You must adhere to your state laws around an LLC name. We’ll tell you…
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Small businesses have a lot of financial responsibilities, and many entrepreneurs handle their own accounting to save money. But is this the best decision for your business? Hiring an accountant can save you money in the long run and free up your time to focus on other aspects of running your business. How much will…
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Business owners must file taxes yearly, and hiring a CPA can be a cost-effective solution to avoid the year-end tax filing scramble. However, the cost of hiring a CPA can vary. It’s worth reviewing the factors that affect the cost of hiring a CPA to determine whether it’s worth it to hire a CPA for…
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Accountants are human and make mistakes just like the rest of us. The bad news is that when they do, it can cost you. Depending on the nature of the mistake, there can be legal and financial repercussions, and you could end up paying for an error that wasn’t your fault. The good news is…
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The last thing any individual or business wants at tax return time is another bill to pay. Still, a tax consultant could be just about the best money you have ever spent. A tax consultant can help you prepare your accounts, but they do more than that. An experienced tax consultant can help strategize your…
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Filing as an S corporation, also known as S subchapters, offers several tax savings, making them appealing to business owners. S corporations don’t pay taxes on revenue—the owner does. The business structure allows the S Corp to avoid double taxation, unlike a C Corps, where the business and the owner must pay income taxes. Business…
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You’ve recently started a business and have started representing your company to customers, vendors, and other entities—but should you do these transactions under your name or look into filing for Doing Business As (DBA)? DBA is a status that many small and startup businesses use to legitimate their enterprise and establish themselves as an actual…
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A crucial component of any business is proper accounting practices. Without this, business owners wouldn’t be able to run their companies effectively. After all, accounting helps track income and expenses, ensures statutory compliance, and offers quantitative financial data for investors, management, and the government to aid their business decisions. There are two main methods to…
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