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3 Financial Reports Every Business Owner Should Know


Managing the financial health of your business requires a solid grasp of key financial reports that provide crucial insights into your company’s performance, profitability, and overall financial stability. Let’s explore in detail three fundamental financial reports every business should prioritize:

Tips for Small Business Owners to Manage Cash Flow


Small business owners are often characterized by their passion, drive, and willingness to take risks. They work tirelessly to bring their innovative ideas to life, aiming to fill niches or serve customers in unique ways. However, no matter how brilliant the idea or how dedicated the entrepreneur, neglecting critical details like cash flow management can lead to significant issues.

Tax Benefits for Homeowners


Owning a home can be a significant financial commitment, whether you're a current homeowner or planning to buy a home. Fortunately, there are tax benefits available through the IRS that can help you save money and offset some of the costs associated with homeownership. Let’s break down various tax deductions, programs, and housing allowances that homeowners should review to see if they are eligible.

Do You Qualify for an Education Tax Credit?


Are you pursuing higher education, job training, or graduate studies? If so, you might be eligible for valuable tax credits to help offset the costs.

The IRS offers two main education tax credits: The American Opportunity Tax Credit and the Lifetime Learning Credit. These credits can also apply to your spouse or dependents' educational expenses.

But how do you know if you qualify for these tax credits?

Tax Help for New Parents: Maximizing Your Refund


Becoming a parent is a life-changing experience filled with joy, love, and, let's face it, a fair share of financial responsibilities. Thankfully, the tax code recognizes the unique challenges of raising children, offering numerous tax breaks and benefits for new parents. These breaks can not only result in a lower tax bill but also a higher refund. Here are some key things that new parents should know in order to navigate their tax situation more efficiently.

Meeting Your Tax Obligations: Ways to Pay the IRS


Meeting tax obligations is a critical part of financial responsibility, and the IRS offers various avenues for individuals to handle their tax debt, including payment plans and alternative strategies. It's important to note that while payment plans are available, they can lead to additional costs over time due to accruing interest and penalties, making them a less-than-ideal choice for some taxpayers. Let’s explore how you can navigate this situation:

Tax Tips, Resources & News

Our blog, news feeds, forms, and links to helpful resources are provided to help you find the answers you seek any time of the day or night.

Please call us at 330-779-0781 for assistance.  We're here to guide you through your business and personal accounting, tax questions and obligations.


DJL Accounting & Consulting Group, Inc.
1570 South Canfield-Niles Road #C102
Youngstown, Ohio 44515 

Phone:  330 779 0781



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