News & Updates in the Accounting World

Introduction to Investing

Investing can seem very complex without the knowledge and know-how to start. This article will provide you with the basics of learning how to start investing in your future!

EIN Security Updates

WASHINGTON — As part of its ongoing security review, the Internal Revenue Service announced today that starting May 13 only individuals with tax identification numbers may request an Employer Identification Number (EIN) as the “responsible party” on the application.

An EIN is a nine-digit tax identification number assigned to sole proprietors, corporations, partnerships, estates, trusts, employee retirement plans and other entities for tax filing and reporting purposes.

The change will prohibit entities from using their own EINs to obtain additional EINs. The requirement will apply to both the paper Form SS-4, Application for Employer Identification Number (PDF), and online EIN application.

Loans and Interest Rates

Everybody goes for loans when they are having hardships, buying a car or purchasing a home. Before you make a hasty decision, read this article to help you better understand the types of interest that impact the loans and how they affect you.

Withholding Allowance

Knowing how much to withhold when running a small business is crucial when tax time comes. Making sure you understand the proper amount of withholding for your Federal and State offices is very important. This article will help you get started.