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How to Collect Cash Faster for your Business

Basis 365

Any B2B business—and even some B2C companies—that delivers its products or services before receiving full payment faces similar issues. Slow collections put pressure on cash reserves and make it challenging to meet payroll and other essential obligations. This cash flow conundrum isn't exclusive to creative agencies or professional services.

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How Startups Can (and Should) Leverage Economic Development Corporations Without Losing Their Edge

Shay CPA

a B2C app that isnt categorized as a high-impact vertical), you may end up jumping through hoops for limited payoff. Limited Sector Focus or Geographic Constraints Narrow Eligibility: Some EDC programs only cater to certain neighborhoods or specific industry clusters.

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Investing in the Home Team: How NIL Collectives Can Maximize Tax Savings

CTP

Sports fans know that team loyalties run deep. Committed supporters of college and even high school sports teams now have even more opportunities to make major investments in up-and-coming athletes.

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Why Structure Your Business as a Partnership? Understanding the Tax Benefits of Special Allocations

CTP

When you are starting a new business or attempting to reduce the tax bill for your existing business, how do you decide which entity type is right for you?

Tax 52
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Why Structure Your Business as a Partnership? Exploring the Tax Benefits of Partnerships

CTP

Partnerships are a commonly misunderstood business structure. Because they are perceived as complicatedand sometimes they can bemany entrepreneurs shy away from this entity type and miss out on the many benefits they have to offer. What makes partnerships distinctive?

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Understanding the World of Health Care Reimbursements: The Tax Benefits of HRAs

CTP

Rising health care costs are becoming a financial obstacle for many retirees. The Fidelity Retiree Health Care Cost Estimate found that the average 65-year-old retiree will need about $165,000 to cover their total health care expenses. What if you could save for these necessary expenses and lower your tax liability at the same time?

Tax 52
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The Best Audit Defense? Good Documentation

CTP

Just the mention of the word audit can strike fear into a taxpayers heartbut with enough preparation, an audit does not have to be a reason for anxiety. Each year, a number of audits are randomly chosen by the IRS, so the possibility of being audited is unavoidable even if your tax return has been filled out perfectly.

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