Namu Academy

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What is cash-basis accounting?

Cash-basis is what most people are familiar with, it is how you handle your personal or household finances.

The distinction is you recognize the income when you record it, not when the deposit hits your bank account.

There are many differences between being a wage earner and being self-employed, but a few of the relevant ones are that your employer pays half…

A 1099 worker is also considered self-employed worker. You are your own 1-person business in the eyes of the IRS.

Keeping yourself financially accountable can be hard. We live in a world where buying almost anything is as simple as clicking a button. Namu has…

Founder's Notes to the Namu Community

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