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High-Risk NAICS Codes and How to Avoid Them

CreditStrong for Business

For example, if your tax deductions are too different from other businesses with your NAICS code, the IRS may audit you. Find Niche Industry Financing Companies Traditional financial institutions like banks and credit unions have the strictest underwriting criteria.

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Wire Transfers Explained: 10 Things You Absolutely Need To Know

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Both domestic and international fund transfers can be broken down into two additional sub-categories: - Intra-Bank: Transferring between accounts within the same bank. This is also known as EFT (Electronic Funds Transfer) or ACH (Automated Clearing) in several countries. 4: How Do Wire Transfers Work?