In other words, a ratio of 4 means that a company makes enough income to pay for its total interest expense 4 times over. Said another way, this company’s income is 4 times higher than its interest expense for the year. As a general rule of thumb, the higher the times interest earned ratio, the more capable [...]

Your business may be able to deduct those rent payments from its income as a business write-off. A business can claim write-offs for all legitimate, qualifying business expenses as defined by the IRS. Generally this includes all spending that is both necessary and relevant to running your specific business. Some business expenses may be limited [...]

When you think of the most important elements of project planning, what comes to mind? You probably think of the project’s main objectives, the timeline for achieving those objectives, and the scope of what you can accomplish within the project. Such strategic location decisions not only ensure that resources are used where they are most [...]

The federal income tax system is progressive, so the rate of taxation increases as income increases. Our free tax calculator will help you estimate how much you might expect to either owe in federal taxes or receive as a tax refund when filing your 2023 tax return in 2024. Remember that each person’s tax liability [...]