The Difference between Income and Cash


One of the biggest challenges for small business owners is understanding the difference between Income, an Accounting Concept, and Cash, the money that they actually take out of their business. One particular thing that I had a discussion about multiple times in the last two months is income versus cash. Now most of my [...]

Form 4868 – Filing an Individual Extension


Tax Extensions are a safe, legal, and reasonable way to get more time to file without paying penalties. You can quickly fill out Form 4868 and get a tax extension. Note, in 2020, because of COVID-19, the deadline was shifted, which had some implications. IRS Form 4868 - 2019 Addition. We're getting close to [...]

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