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Taxes
Guide to Tax Implications of Financing Options

If your business needs money, you have different ways to raise it. You can take in investors (equity financing), borrow it (debt financing), win contests or grants, or simply have people give you money (gifts). Each of these options presents different practicalities for your business; they also ...

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What You Need to Know for 2021 Tax Filing

While it will still take a few more months into 2021 to get back to something near normal (or at least pre- 2020 normal), one thing that hasn’t changed is tax season. Although the tax deadline was pushed to July last year because of the coronavirus pandemic, this year, the deadline returns to ...

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IRS Updates Standard Mileage Rates for 2021

Standard mileage rates for 2021 have just been released by the IRS. One of the biggest differences in 2021 is a drop in the per mile rate for business use from last year.The mileage rates for 2021 according to the IRS for vehicle use are as follows:56 cents allocated per mile on vehicles used ...

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