Author Archives: Christopher

How Do I Know I Need A TIN?

How Do I Know I Need A TIN?

One thing that most people dread doing is taxes. When tax season rolls around, we would rather be doing literally anything else, which is why many of us choose to have professionals handle our taxes rather than deal with it ourselves. However, one item that you must have is a tax ID number or TIN. But how do you know when you need a TIN, and where do you get it? Let’s go over the basics of this process.

What is a TIN?

Simply put, this is a comprehensive term that the IRS uses to classify all numbers that are granted to individuals or businesses as a means to track their taxes. A common example of a TIN is your social security number, which you use to file your return for yourself and your family. Overall, this is a federal tax ID number that is used for tracking purposes.

How do I get one?

If you already have a social security number, then you don’t have to worry about getting a TIN because you already have one. However, if you plan on starting a business and need to get a new ID number for your company, then that will be an employer ID number or EIN. The reason that you have to get a new number for your business is that you will file separate taxes for your company that won’t be tied to your social security number.
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Tips to Build an Effective Consulting Business

Tips to Build an Effective Consulting Business

Who is a consultant in the first place? A consultant is a professional who gives expert advice in any particular field. After you’ve got yourself the required certifications and special licensing, you can start your networking process and gather yourself some clients. Follow the following tips to start and run a killer consulting business: Your… Continue Reading