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Taxation In The United States

Why Bank Account Reconciliation and Income Statement Generation Are Vital for Small Businesses: A Guide by ORT Consulting

In the fast-paced world of small business, staying on top of your financial health is paramount. Accurate and consistent financial reporting helps maintain cash flow, identify discrepancies, and plan for sustainable growth. At ORT Consulting, we offer specialized services to help small businesses navigate these critical areas. Two of our key offerings—bank account reconciliation and [...]

By |2025-01-14T20:59:39+00:00January 17th, 2025|Blog|Comments Off on Why Bank Account Reconciliation and Income Statement Generation Are Vital for Small Businesses: A Guide by ORT Consulting
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Self-Employment Taxes for First Quarter 2019

There are few things more rewarding and satisfying than being your own boss. As an entrepreneur you are able to shape your future in ways that are not possible while in the employment of others. However, there are milestones that must be adhered to. One of these is attending to the self-employment taxes for the [...]

By |2019-01-25T03:20:58+00:00January 15th, 2019|Blog, Corporate Taxes, Finances, News, Personal Taxes, Quickbooks|Comments Off on Self-Employment Taxes for First Quarter 2019
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Paying Taxes as a Freelancer

The number of businesses who hire freelancers is growing every year. Generally speaking, it’s a win-win for both parties. Employers reduce the cost of benefits, pay for services only when needed, and can select from a larger pool of workers. Freelancers have flexible work hours, can work from anywhere, and work at any hour. However, [...]

By |2018-08-22T12:39:21+00:00July 15th, 2018|Blog, Corporate Taxes, Personal Taxes|Comments Off on Paying Taxes as a Freelancer
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Three Steps To Make Filing Your Taxes Easier

Every April 15th, the tax man comes knocking. If you’re like many Americans, it’s also the time for stress as you rush around trying to find misplaced receipts and pay stubs. Start now and stop scrambling to get your tax information together at the eleventh hour. These three easy steps can decrease your stress level [...]

By |2018-03-15T13:29:35+00:00March 15th, 2018|Blog, Personal Taxes|Comments Off on Three Steps To Make Filing Your Taxes Easier
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Keeping Your Small Business Finances In Order

Keeping your business finances in order is crucial because it can help you project your business’ growth, determine how your earnings and expenses stack up, and make informed decisions. Managing finances, however, can be difficult at times particularly for business owners who want to do everything alone. To make finance management and accounting more manageable, [...]

By |2018-03-15T14:58:51+00:00October 15th, 2017|Blog|Comments Off on Keeping Your Small Business Finances In Order
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Is Canceled Debt Taxable?

Basically, even cancelled or “forgiven debt” from a lender is still taxable income, according to the IRS. As such, it must be included as income on your tax return. Debts which you are personally responsible such as credit card debt, mortgages and some student loan debt are included. […]

By |2018-03-15T14:59:59+00:00February 10th, 2017|Blog, Personal Taxes|Comments Off on Is Canceled Debt Taxable?
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