Glossary

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Glossary: Intangible Asset

By | February 17th, 2017|Categories: Glossary|Tags: , , , |

One way of looking at intangibles is, they are business assets that cannot be physically touched.

Glossary: Partnership

By | January 24th, 2017|Categories: Glossary|Tags: , , |

A partnership is a business with two or more owners who conduct business and are not incorporated.

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Glossary: Form K-1

By | January 12th, 2017|Categories: Glossary|Tags: |

Form K-1 is a reporting form issued by partnerships, S-Corporations, estates and trusts. Form K-1 reports an individual shareholder’s or beneficiary’s share of the entity’s income and deductions for the year.

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Glossary: C-Corporation

By | December 23rd, 2016|Categories: Glossary, Small Business Tax and Accounting|Tags: , |

A C-corporation is a tax term referring to one of two ways a corporation can be taxed.

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From the Archives: When Does the “1099s to Veterinarians” Rule Start?

By | November 25th, 2016|Categories: Glossary|Tags: , |

I've done a few posts on issuing 1099s to veterinarians, and all of those posts are popular. This one from September 2014 addresses the question of "when does the 1099s to veterinarians" rule start?

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