What Is a Voided Check and How to Void a Check
Becoming financially independent involves knowing how to manage your finances and handle checks. Certain financial transactions may require you to use a voided check, and it is essential to understand what that entails. Setting up automatic electronic check payments, linking your bank account, and making direct payments are some of the things you can do […]
What Happens When You Don’t File Your Taxes?
Taking care of taxes is a responsibility that we all share. Even though a very small percentage actually understands this topic completely, we all need some basic knowledge in order to file them properly. This includes knowing how and when to file them, as well as understanding what happens when you don’t. Since filing taxes […]
How to File Federal Income Taxes for Small Businesses
If you’re a small business owner, there are a lot of things to think about during the year, including annual taxes. You might already be familiar with the process of small business tax preparation and execution, but it’s good to revise sometimes. Filing federal income taxes for small businesses can be done in a few […]
How Long Is a Personal Check Good For and Do Checks Expire?
Writing a check is a relatively effortless way to pay for someone’s services. However, you’ll need the check to receive the money, so misplacing it will make obtaining the funds impossible. If you find it after a while, you’ll still be able to cash it as long as it’s not older than six months. There […]
What Documents to Bring to a Tax Appointment: A Checklist
Preparing taxes may seem complicated and intimidating, but it isn’t. At least not when you know how to prepare taxes on your own or rely on professionals to do so. But you might have wondered: “What documents do I need to file my taxes?” Even if you have never paid or prepared your taxes before, […]
How to Send a Check Through the Mail Safely
In this age of modern technology, where most of the information is carried out digitally, it’s easy to forget how we used to get around. This includes everything from methods of communication to payment methods and many other aspects of everyday life. But what happens when you need to use a check, for example? Many […]
Things You Need to Know About Check Fraud
What is Check Fraud? When it comes to finances, we are all very cautious, especially in releasing funds to another person. In this day and age, it is normal to do online bank transactions when releasing funds. Another way is to issue checks when transferring funds or making online payments. However, while we benefit from […]
ACH and eChecks: What’s the Difference?
How can you distinguish between ACH and an eCheck? With people’s very hectic schedules nowadays, personally visiting banks can be a pain. Luckily, with the ACH network, this is no longer the case. This is a prominent method for settling invoices securely in an electronic manner. However, what about businesses that are comfortable with the […]
What Is Check Kiting? Exploring the Fraudulent Scheme
What is Check Kiting? This refers to the purposeful issuance of a check with an amount that is inadequate to settle the designated amount. Some of the mechanisms of this fraud strategy include: Issuing a check for which there isn’t enough money in the account of the payer. Depositing the forged check in a checking […]
What Business Owners Need to Know About Sending Out 1099 Tax Forms
Business owners can often feel intimidated by tax forms, and the 1099 form is no exception. Often, business owners are left puzzled by the changes to rules and regulations, so they tend not to bother filing them. As this can lead to significant costly penalties, it poses a serious problem for entrepreneurs. However, things are […]