If you changed your name when you got married, it's important to let the Social Security Administration know by filing a Form SS-5. If the name on your tax return does not match the name Social Security has for your Social Security number, any tax refund you have coming will be delayed until the discrepancy is resolved.
What is a 'Tangible Asset'. A tangible asset is an asset that has a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. The opposite of a tangible asset is an intangible asset. Nonphysical assets, such as patents, trademarks, copyrights, goodwill and brand recognition, are all examples of intangible assets.
According to the State of Small Business report, an incredible 46% of small businesses donât track their inventory or use a manual process to do so. Inventory and fixed assets are sometimes treated as assets on a companyâs balance sheet, though not all assets are inventory. With these practices, itâs not surprising that about 1/2 of all new small businesses donât survive past the first five years. Inventory and assets are actually very different things.