Filing your income tax returns means working with a plethora of 1099 forms, to collect data and perform complex calculations. In order to leverage excel sheets for your calculations, you need to feed-in accurate data. That means extracting accurate data from every printed, scanned, and handwritten 1099 form.  Issues with manual processing of 1099 forms Extracting data is a comprehensive process as the data not only needs to be captured but also structured after extraction. On

Meta-description : Harnessing AI solutions in the right way is the key to speeding up the loan origination process. Read more. Introduction: 90% of mortgage origination in the UK and Ireland is non-intelligent. Around 40% of origination requires manual intervention, resulting in a higher time to credit. In the post-pandemic world, borrowers have become more digital-savvy and prefer getting applications processed faster. This creates a need for an AI mortgage lending solutio

The US Congress had earlier approved two rounds of COVID-19 stimulus checks . The first round was a $1,200 payment from the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This act was signed into law in March 2020.    A few months down the line, President Trump had signed a second $900 billion economic relief package on December 27, 2020, that included $600 COVID-19 stimulus checks . And now, a third round of stimulus checks,  which is part of the Biden administr

Meta Title: Understanding and Calculating EBITDA for Your Business Meta Description : Use our free EBITDA calculator to figure out the key revenue metrics for your business and get a complete overview of the EBITDA formula. “Earnings Before Interest, Taxes, Depreciation, and Amortization”, better known as EBITDA, is an alternative income metric used to measure a company’s financial performance. But how does EBITDA work and, more importantly, what advantages does it pose for

When you start a new business, you take up new responsibilities! One of these is filing Form 1120 (U.S. Corporate Income Tax Return)... a six pager form that needs to be filled with a lot of financial information. Let’s take a look at what is Form 1120 , who needs to file Form 1120, how to file it, and what business information is needed to fill in the form. Note: As per the new Tax Cuts and Jobs Act, all corporate income tax returns will be taxed at a fixed rate of 21%, rega

Before we get started with exploring the various types of the 1040 form and the entire filing process, here’s an important update for you. The tax filing deadline for individuals has been extended to May 17, 2021. The quarterly estimated tax payments are still due on April 15, 2021.    Table of contents S.no . Content 1 What is Form 1040 2 Filing Form 1040 3 Types of Form 1040 4 Prerequisites for filing Form 1040  5 One-stop solution for small businesses 6 1040 Filing process

Buying a house may feel like a one-step process… you sign the papers and you’re done! But building a home is a journey that never ends and keeps evolving as your grow old. Every once in a while you create a budget to make some improvements in your home, that’ll make it a better and a safer place to live.    Enhancing safety is the biggest improvement!   What better way to make a smart investment other than investing in the safety of your home? An investment that safeguards yo

Technology gives us tremendous power to get things done. It serves many purposes, but not all! When you start relying on it for emotional needs, you are letting it overpower you. It’s time to  disconnect to connect  with family.   The problem of instant gratification    Relationships are built over time with lots of effort. With social media these days, you feel you’re getting all the attention and there’s always someone to talk to. This is where the problem of loneliness ste

Your new car is a perfect machine till it’s delivered to you! The wear-and-tear begins right from the moment it is driven off… and that’s when it starts losing value. So, what is depreciation on a car ? Simply put, it’s the value lost (difference) between the price paid and its current value.  What makes the car lose its value? In your eyes, the car is always perfect. But to understand its market value, you need to look at it objectively. Every year, a manufacturer releases n

It’s a time where putting off desires and prioritizing on essentials is the right thing to do. The COVID-19 slowdown is creating major dilemmas for buyers, as buying a car in coronavirus may seem unnecessary.   As car sales drop, many buyers like you are confused as to whether a COVID-19 car buy is a good option or not… and if it is, are you allowed to buy? Let’s look at this one thing at a time.   First things first, is it a good time to buy?   Totally! The slowdown has fo

Running a business means  facing risks 24x7. Buying a general coverage does protect your business from various liabilities, but it does not completely safeguard it from all major financial burdens.  Even though it’s smart to buy minimum coverage, there are many common overlooked business risks in today’s time that can inflict a lot of damage.   5 Commonly Overlooked Business Risks Employment Practices Liability Insurance (EPLI) This is an insurance that protects businesses f

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