How do I apply for an ITIN? Internal Revenue Service

However, if the foreign entity receives a letter from the IRS soliciting the filing of a U.S. tax return, the foreign entity should respond to the letter immediately by stating that it has no requirement to file any U.S. tax returns. Failure to respond to the IRS...

Cash vs Accrual Accounting: Differences Explained

But that revenue results from transactions that happened in the past, so it’s not a true reflection of your current revenue. You’d record both the expenses and the income in June to line up with when you completed the project and income was earned — even though you...

Best Invoice Software for Small Businesses Wave Financial

For example, the rate a freelance web developer charges may be different than that of a freelance graphic designer, because each freelancer specializes in a different area. A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making...