Definitions

21.03 (Imposition of Tax), persons engaged in any business or occupation within the City of Los Angeles are required to register and pay the required tax. Businesses, including vendors, owing tax are issued a Business Tax Registration Certificate (BTRC).

Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the government's geographical jurisdiction. It is the authorization to start a business issued by the local government.

A trade name, trading name, or business name is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name with a relevant government body is required.

Credit is the ability to borrow money or access goods or services with the understanding that you'll pay later.

Bad credit refers to a person's history of failing to pay bills on time, and the likelihood that they will fail to make timely payments in the future. It is often reflected in a low credit score. Companies can also have bad credit based on their payment history and current financial situation.

Good credit is a classification for an individual's credit history, indicating the borrower has a relatively high credit score and is a safe credit risk. ... Lenders check credit scores for the purpose of providing credit underwriting decisions and background check details.

Credit repair is the process of fixing poor credit standing that may have deteriorated for a variety of different reasons. Repairing credit standing may be as simple as disputing mistaken information with the credit agencies. Identity theft, and they damage incurred, may require extensive credit repair work.

The Employer Identification Number (EIN), also known as the Federal Employer Identification Number (FEIN) or the Federal Tax Identification Number, is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States for the purposes of identification.

Schedule C is the tax form filed by most sole proprietors. As you can tell from its title, "Profit or Loss From Business," it´s used to report both income and losses. Many times, Schedule C filers are self-employed taxpayers who are just getting their businesses started.

A stimulus check is a check sent to a taxpayer by the U.S. government. Stimulus checks are intended to stimulate the economy by providing consumers with some spending money.

An annual report that a person sends to the government about the money that he or she has earned and the taxes that he or she has paid in one year.

Tax resolution is the process of working with the IRS and tax professionals to find a solution to your tax problems.

One on One 10 minute question and answer period with valuable opinions on helping you get to the next step on your financial journey or out of the last mess. Not to be confused with actual legal advice.

1-2 business day delivery on processing and filing

5-7 Standard business day delivery on processing and filing

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