They are often taken with the intention of refinancing before the balloon payment is due. In exchange for a payday loan, the borrower usually gives the lender a postdated check for the full amount borrowed, plus fees. Or the borrower might authorize the lender to electronically withdraw that amount from their bank account on the Read more about Balloon Payment: What It Is, How It Works, Examples, Pros and Cons[…]

This type of corporation is suitable for large family-owned businesses. Examples of companies that use this ownership style include Koch Industries, Deloitte, Cargill, and Albertsons. Although it gives absolute power to the owner, a sole proprietorship has some disadvantages. It is not a separate legal entity, which means the owner is liable for business actions. Read more about The Pros & Cons of a Sole Proprietorship & Corporation Chron com[…]

It can become part of your business planning and cost management process. This reliable forecast can also be used for scenario planning and stress testing your business with different operational and product decisions. This method can be difficult if the budgeting team doesn’t understand the technical details and factors that can help determine a cost Read more about Activity-Based Budgeting: How to Use It for Your Company[…]

Then download it again and save it to your desktop or the Downloads folder. These are just a few of the HR functions accounting firms must provide to stay competitive in the talent game. If you expect you may need more time to file, you should consider filing Form 4868, Application for Automatic Extension of Read more about How do I find my TurboTax for Windows software download?[…]