IR-2020-90, May 7, 2020 WASHINGTON — The Internal Revenue Service today issued proposed regulations that provide guidance for estates and trusts clarifying that certain deductions of estates and non-grantor trusts are not miscellaneous itemized deductions. The Tax Cuts and Jobs Act (TCJA) prohibits individual taxpayers from claiming miscellaneous itemized deductions for any taxable year beginning after December […]
Online accounting, is the application of online and Internet technologies to the business accounting function. E-accounting is “electronic enablement” of lawful accounting and traceable accounting processes.
Cash flow forecasting is important because if a business runs out of cash and is not able to obtain new finance, it will become insolvent. Cash flow is the hearth of all businesses particularly start-ups and small enterprises.
Online shopping (sometimes known as e-tail or e-shopping) is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser.
Retirement planning, in a financial context, refers to the allocation of savings or revenue for retirement. The goal of retirement planning is to achieve financial independence and joy of the third age.