Are you considered unemployed if you work part time?
If you experience job loss, you might consider looking for part-time employment or filing a claim to receive unemployment benefits. However, many states a...
Published: May 01, 2026
What does forced liquidation mean?
Forced selling or forced liquidation usually entails the involuntary sale of assets or securities to create liquidity in the event of an uncontrollable or...
Published: May 01, 2026
What depreciation method is Section 179?
If you don’t, you can’t claim a Section 179 deduction. Instead, you must depreciate the property using the alternative depreciation system (ADS). The stra...
Published: May 01, 2026
Does Owner only corporation need to pay payroll taxes?
How, exactly, do you save money? Well, you don’t have to pay payroll taxes on distributions from your S Corp. Distributions are the earnings and profits t...
Published: May 01, 2026
How much do foreigners make teaching English in Korea?
For foreigners teaching English at a South Korean public school, you’ll be doing so under one of four programs, each with slight variance in how much they...
Published: May 01, 2026
What are the 4 types of business plans that a business owner can create?
Business plans can be divided roughly into four distinct types. There are very short plans, or miniplans, presentation plans or decks, working plans, and ...
Published: May 01, 2026
How Should a living trust be named?
Without any laws, most trusts tend to be named after their creator(s) along with the date of creation. An example would be “John and Jane Doe Revocable Tr...
Published: May 01, 2026
Are boilerplate clauses necessary?
But it became clear that some boilerplate clauses create rights that are rarely or never implied in a contract. They won’t all be essential in all contrac...
Published: May 01, 2026
Which 1099 form is for independent contractors?
Form 1099-NEC If you paid someone who is not your employee, such as a subcontractor, attorney or accountant $600 or more for services provided during the ...
Published: May 01, 2026
Can a partnership use cash basis accounting?
In general, a partnership cannot elect the cash method of accounting in the following circumstances: The partnership has at least one C corporation as a p...
Published: May 01, 2026
