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Defining Burn Rate, Gross Burn and Net Burn

April 1, 2024|Categories: Blog, General Business News|

When it comes to any business, but especially for a start-up, it’s essential to determine how long a company can survive before it must declare bankruptcy and/or close its doors. The biggest metric, especially for a start-up, is to determine how much money a company has to keep its lights on.The term “burn rate” is defined

Part 1: Pre-Retirement Planning Guide

April 1, 2024|Categories: Blog, Financial Planning|

One of the more insightful quotes of baseball great Yogi Berra was, “If you don’t know where you’re going, you’ll end up someplace else.”When you’re young, first starting out in life and career, the path to professional success and personal fulfillment isn’t always clear. Most people start out on a track and then adjust as they

Latest News From Our Blog

2111, 2020


November 21, 2020|Categories: Accounting, Featured|

The IRS released Rev. Rul. 2020-27, which holds that taxpayers should not deduct PPP funded expenses in the year the expense was paid or incurred regardless of whether the taxpayer has sought forgiveness on the loan.

2111, 2014

Tax Affect of Health Care Laws 2014

November 21, 2014|Categories: Accounting|

The Affordable Care Act, or health care law, contains health insurance coverage and financial assistance options for individuals and families. The IRS administers the tax provisions included in the law.

2009, 2014

Refund Loans & Anticipation Checks

September 20, 2014|Categories: Accounting|

At Joseph P. Norman CPA we do not offer any refund loans or similar products. We do not feel they are appropriate and the fees typically charged by preparers are exorbitant.

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