IRS won’t raise interest rates in 2021 third quarter

The Internal Revenue Service has announced interest rates will not change for the quarter beginning on July 1, 2021. The interest rates are determined on a quarterly basis, as per the Internal Revenue Code. Don’t miss: What you should know about the 2021 child tax credit For most taxpayers who are not corporations, the overpayment …

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What You Need to Know about Asset-Based Financing

Asset-based financing, though once considered a financing option of last resort, is now a popular choice for companies that are highly leveraged with debt or do not have a long credit track record for traditional financing. The main difference between asset-based financing and other traditional types of lending is that asset-based financing is secured by …

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Arizona Law Changes Regarding Prejudgment Interest

When we perform calculations of economic damages for litigation purposes, there is often a component of past business loss or other type of historical economic loss.  Most experts will bring those historical losses to present value terms, using a prejudgment rate of return to make the injured party whole for past damages.  Although there are …

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