by Jarel Daniels | Sep 30, 2020 | Tax & Accounting
What is a Trust Company? A trust company is a legal entity that serves as a trustee on behalf of a trust of a person or organization. It is typically tasked with the administration, management, and the eventual transfer of assets to beneficiaries. Rather than choosing...
by Jarel Daniels | Sep 1, 2020 | Business Development, LCC, Limited Liability Company, Tax & Accounting
LLC: Limited Liability Company A Limited Liability Company (LLC) is a business wherein owners are not personally liable or accountable for the company’s debt and liabilities. The business owners have personal asset protection with pass-through taxation. LLC is a...
by Jarel Daniels | Aug 28, 2020 | Importance of Income Statement, Income Statement, Tax & Accounting
One of the three most important financial statements is the Income statement. It is where revenues, expenses, and overall profits or losses are reported for only a specific period. Here, all the costs that contribute to the final earnings are evident, which is also...
by Jarel Daniels | Aug 20, 2020 | Home Office Deduction, Tax & Accounting
The COVID-19 pandemic has immensely surprised us all. From what we thought will be a month-long lock down already became a half-year. It has paralyzed almost every affected country’s economy, bringing significant suffering to those who are already struggling...
by Jarel Daniels | May 7, 2020 | Tax & Accounting
Governor Wolf wants to ease some pandemic restrictions on May 8 in selected areas of Pennsylvania that have been slightly impacted by the new coronavirus. Though there is no timetable and metrics yet, the governor said he would lie down more concrete steps next week....
