Balance Sheet Formula Assets = Liabilities + Equity

Established businesses often rely on their positive equity position to finance growth initiatives and attract investors. As liabilities increase, the value of the company’s obligations or debts increases, which reduces the value of shareholders’ ownership stake in the...

Letter 4800 C TAS

As of July 2023, IRS agents no longer 4800c letter pay unannounced visits to taxpayers’ homes or businesses. Instead, if a revenue agent wants to meet with you, they will send you this letter, and then, you will contact them to set up a meeting. The IRS is...