Category: Finance

Why and How to File for a Tax Extension in 2022

Why and How to File for a Tax Extension in 2022

If you won’t be able to complete your U.S. income tax on time, you can request an automatic extension of the time to file. The extension is just for the filing date. It doesn’t change the due date for any taxes you owe. The IRS expects you to file your annual income tax return on…
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Can you use a business bank account for personal use?

Can you use a business bank account for personal use?

A reader asks: Recently I was hired as a bookkeeper for a small manufacturing business. My boss, the owner, uses the business bank account for personal use — and it’s driving me crazy!  He withdraws money with a debit card for personal expenses. Last week his wife bought a big screen TV for their home…
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A Complete Guide to Managing Small Business Finances

Sound financial management is at the heart of every business, no matter how big or small. Without it, even viable and potentially profitable businesses will fail. Every year in the UK, around 400,000 new start-up businesses begin trading, but just two-thirds of those are still in business within three years and just half remain after…
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