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  2. Statement of changes in equity - Wikipedia

    en.wikipedia.org/wiki/Statement_of_changes_in_equity

    A statement of changes in equity and similarly the statement of changes in owner's equity for a sole trader, statement of changes in partners' equity for a partnership, statement of changes in shareholders' equity for a company or statement of changes in taxpayers' equity [1] for government financial statements is one of the four basic financial statements.

  3. Balance sheet - Wikipedia

    en.wikipedia.org/wiki/Balance_sheet

    In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

  4. Taxes 2022: How Small Businesses Can Deduct Home Office Expenses

    www.aol.com/taxes-2022-small-businesses-deduct...

    If you use the regular method, submit Form 8829 with your income tax return and then report the total deduction from your business income on Schedule C. More From GOBankingRates

  5. Small Business Administration - Wikipedia

    en.wikipedia.org/wiki/Small_Business_Administration

    The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...

  6. Corporate tax - Wikipedia

    en.wikipedia.org/wiki/Corporate_tax

    The structure of the forms and imbedded schedules vary by type of form. Preparation of non-simple corporate tax returns can be time consuming. For example, the U.S. Internal Revenue Service states in the instructions for Form 1120 that the average time needed to complete form is over 56 hours, not including record keeping time and required ...

  7. What is the SBA line of credit? - AOL

    www.aol.com/finance/sba-line-credit-202339941.html

    To qualify for an SBA line of credit, a business must meet the SBA’s definition of small business and exhibit the ability to repay the loan. Additionally, the applicant must be an owner with ...