IRS Form 6198 helps you determine how much of your losses are deductible when you’re not at risk of losing a portion of your investment in a business. The most common example of an investment which you are not at risk of losing is a nonrecourse loan to your business that you are not personally…
How To
How to Write a Media Advisory in 5 Steps [+ Free Template]
When I was consulting for small businesses and non-profits full-time, part of my duties included marketing special events. Whether it was a grand opening of a new location or an annual fundraiser, one of the most powerful tools in my arsenal was a media advisory—a one-page announcement used to invite members of the press to…
How To Increase Your Credit Limit With TD Bank
In the case where you didn’t receive a voluntary credit limit increase with TD Bank, you can request an increase by calling customer service, going through its online banking site or mobile app, or going in-person to the nearest TD Bank. You can also improve your chances of getting an increase by ensuring your account…
How to Write a Press Release Boilerplate (+ Template & Examples)
A boilerplate is a one-paragraph company description at the very end of your press release, along with your contact details for more information. To write your press release boilerplate, determine your angle, describe your business, and add a call to action and contact information. Keep reading to learn more about how to write a boilerplate…
How To Close a Business Checking Account In 8 Steps [+Free Checklist]
If you either have a business checking account you aren’t using regularly or are dissatisfied with your current bank, you might need to close your business bank account. This allows you to avoid dormant account fees. We’ll cover how to close a business checking account in eight steps. This process will ensure minimal impact on…
How To Increase Your Credit Limit With U.S. Bank
If you could not get a voluntary credit limit increase with U.S. Bank, you can make a request online through its online banking site or mobile app. You can improve your chances of getting an increase by ensuring your account is active for at least six months, having a personal credit score of at least…
IRS Form 5500: What It Is & How To Fill It Out
IRS Form 5500 is a form that must be filed annually by companies that sponsor an employee retirement plan. The form typically needs to be filed on the last day of the seventh month after the plan year ends. The main purpose of IRS Form 5500 is to provide information about the plan, such as…
SBA Form 912: How To Fill Out Statement of Personal History
The Small Business Administration (SBA) Statement of Personal History form, otherwise known as SBA Form 912, is used to determine a borrower’s trustworthiness and to evaluate whether the applicant or their business partners have any criminal history. The information gathered by SBA Form 912 helps determine if a borrower is of good character. Completing the…