The SBA 7(a) loan is the U.S. Small Business Administration's primary and most flexible loan program,...
An affiliated group consists of U.S. corporations connected through 80% or greater stock ownership by...
A controlled group refers to multiple businesses owned or controlled by the same person(s), which the...
First-In, First-Out (FIFO) is an accounting and inventory method that assumes the earliest purchased...
Last-In, First-Out (LIFO) is an inventory accounting method where the newest inventory items are assumed...
Cash basis is an accounting method where income and expenses are recorded only when cash changes hands,...
The accrual basis is an accounting method where income and expenses are recorded when they are earned...
An accounting method is the system a business uses to record income and expenses for financial reporting...
Solo 401(k) plans provide flexible options for loans and distributions, but following IRS guidelines...
SEP IRA and SIMPLE IRA are two common retirement plans tailored for small businesses, each with distinct...