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What Is An Audit?

What is an audit? For businesses big and small, an audit can be more of a maintenance check than a negative situation. Audits examine your business’ financial records to ensure they are accurate.

Through a systematic review of your transactions, accounting books and financial reports, an audit helps spot problems within your business. Audits find errors in your numbers and help with decision making.

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What Is Fintech? The Gist Of Financial Technologies

Whenever you pay for a bus ticket online through PayPal, Google Wallet or even just your credit card, you’re using FinTech.

Every time you make an online transaction through your bank of choice smartphone app, you’re also using FinTech.

What FinTech stands for is, quite simply, “Financial Technologies”. It is the use of technology to deliver financial services and products to consumers; the web that weaves between cloud-conducted financial transactions and processes.

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Taxpayer forms, form W-4, 1120, 1065. Financial forms

7 Common Mistakes People Make When Filing Taxes

Everyone can make mistakes, but when it comes to improperly filing taxes, the following mistakes could end up costing you some serious money.

Although the U.S. tax code holds a lot of information most taxpayers don’t know enough of, the truth is most of the mistakes that come when filing your taxes can be easily avoided. Read on to find out what they are and how you can save yourself from making these mistakes next time.

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What Happens When You Don’t File Your Taxes?

Everyone’s tax situation is different, and although there can be various reasons behind anyone’s failure to file taxes on time, there are actual consequences to expect when your taxes are filed late.

Missing the April deadline is one thing but in the case of filing taxes, late really is better than never. Tax penalties and consequences of failure to file are real. Despite what you may have heard, it is far better to file your taxes late than not at all; and in the long run you’ll be better off taking care of your tax situation versus waiting for the IRS to initiate contact.

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