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What is EBITDA for an S Corp?

EBITDA is an accounting term used primarily to help you understand the performance of your business. It is an acronym for Earnings before Interest, Taxes,...

Jul 23, 2026 • 1 READS

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Do you record depreciation as an expense?

Cash Impact of Depreciation Depreciation is considered an expense, but unlike most expenses, there is no related cash outflow. This is because a company h...

Jul 23, 2026 • 0 READS

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How do you record sales in the periodic inventory system?

Remember, we do not record sales transactions using either merchandise inventory or cost of goods sold expense account under the periodic inventory method...

Jul 23, 2026 • 1 READS

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What does it mean when you have no federal income tax withheld?

If no federal income tax was withheld from your paycheck, the reason might be quite simple: you didn’t earn enough money for any tax to be withheld. Your ...

Jul 23, 2026 • 1 READS

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Is paying off a credit card tax deductible?

You’re allowed to take a tax deduction for some types of interest payments, but unfortunately, credit card interest is not among them. The tax code classi...

Jul 23, 2026 • 1 READS

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How do I print my TurboTax return online?

If you used TurboTax Online, you can log in and print copies of your tax return for free. Step 1: Download Form 4506. Step 2: Enter required data. Step 3:...

Jul 22, 2026 • 1 READS

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What is capital gains only?

Capital gains are profits that occur when an investment is sold at a higher price than the original purchase price. The tax rate for dividend income diffe...

Jul 22, 2026 • 1 READS

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Does car loan interest accrue daily?

Nowadays, most car loans use simple interest. This means interest accrues daily based on the principal. It’s also virtually unheard of to have an auto loa...

Jul 22, 2026 • 1 READS

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When did I buy my first apartment complex?

That junky old house was the first piece of true investment real estate we ever bought. That property kicked off the journey that four and a half years la...

Jul 22, 2026 • 0 READS

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Can I retroactively contribute to IRA?

You get three extra days to file your taxes. Fortunately, however, you can make prior year IRA contributions up until the tax filing date. So if you meant...

Jul 22, 2026 • 1 READS