According to Miriam-Webster: Budget:  1)  an amount of money available for spending that is based on a plan for how it will be spent  (“How much did you budget for your new kitchen?”); 2) A plan used to decide the amount of money that can be spend and how it will be spent (“We have $x,xxx in our marketing budget this year.  How much should we budget for internet?  Direct mail? Other?”) While the word

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“A person who is required to file an information return with the IRS must obtain your correct taxpayer identification number (TIN) to report, for example, income paid to you, payments made to you in settlement or payment card and third party network transactions, real estate transactions, mortgage interest you paid, acquisition or abandonment or secured property, cancellation of debt, or contributions you made to an IRA.” (http://www.irs.gov/pub/irs-pdf/fw9.pdf) So what does that mean?!   Essentially the W-9

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The Masters; Super Bowl week; Marathon weekend. What do all of these events have in common?   They are all top events that draw a lot of spectators to an area.  They also demand high occupancy rates at hotels and/or condos.   They also last less than 15 days.   Why does that matter and why is an accountant mentioning it? "In most cases, you must include in your gross income all amounts you receive as rent.  Rental income

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Search “goal setting” on the Internet and you’ll find pages upon pages of results – definition of goals; blog posts related to goal setting; worksheets created to help you set your goals; videos of business/athletic/life coaches explaining the importance of goals, and the list goes on and on.   The reason for this is because the process of setting goals is so important.   Merriam-Webster defines a goal as “something that you are trying to do or

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