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

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