While a 10 percent gain on the overall investment can double your funds, a 10 percent loss can wipe out your entire investment. A company that is “highly leveraged” has most of its capital structure made up mostly of debt. Borrowing money allows businesses and individuals to make investments that otherwise might be out of…
The same treatment applies in other situations in which one organization collects funds merely as an agent for another. Don’t use the definition of gross receipts described in Appendix C. Special Gross Receipts Tests for Determining Exempt Status of Section 501(c)(7) and 501(c)(15) Organizations to figure gross receipts for this purpose. Those tests are limited…
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Of course, you always have the option to find and hire an in-house bookkeeper, who will work directly with your business on a day-to-day basis. In some cases, BBB will not rate the business (indicated by an NR, or “No Rating”) for reasons that include insufficient information about a business or ongoing review/update of the…