Published: Fri, 28 Apr 2017 17:02:26 -0500
Sun, 16 Apr 2017 20:07:19 -0500Summary of the current corporate tax rate and it's drawbacks. Short summary of Trumps early plan for tax reform and its possible effects.
Sun, 16 Apr 2017 10:40:08 -0500For many, the painstaking, arduous task of tax planning is something they dread all year. What's more, the dread it felt year after year, as though somehow there may have been a pleasant change that has occurred in the intermittent 364 days to remedy the process. Tax season, it seems, always carries some woes.
Thu, 13 Apr 2017 15:28:55 -0500There has been a lot of discussion lately on a border adjustment tax: what it is, and what is means for American corporations, consumers and the economy. A border adjustment tax would essentially remove taxes on goods exported from the United States, and lower the corporate income tax rate to 20%, converting it to a "destination-based cash-flow tax." Ideally, if the tax is set up appropriately, then more American jobs will be created and more goods will be made inside the United States.
Sun, 02 Apr 2017 17:42:17 -0500Dealing with finances is not only an art but also a science sometimes especially when you are liable to pay tax. Whether you are an individual or a corporate entity it is quintessential to pay taxes to the respective authorities as per your slabs. However, paying the demands have been conceived by many of us as a burden as we don't know how to reduce the liability by applying few fundamentals of income tax in an artistic way.
Sat, 01 Apr 2017 09:06:48 -0500Early Americans would roll over in their graves if they heard about modern-day America's topsy-turvy departure from many of the hard-won freedoms and liberties of the American Revolution. They would be unable to make sense of all the different taxes we pay today, and especially the government's legal entitlement to a portion of an American's labor via an income tax. There was no such tax on labor for the earliest Americans; it was unconscionable to tax someone's personal property, which one's labor was then considered. The concept of paying one's "fair share" did not exist until after mid-20th century.
Thu, 30 Mar 2017 07:53:49 -0500Tax planning can be a difficult concept for people to both grasp and get on board with. It can be especially daunting for the younger crowd, as most people in their twenties are just starting out in the work world and have more exciting things on their minds. Participating in a smart financial plan that takes into account the ramifications of taxes is not only prudent, but it is crucial in order to maximize retirement benefits, as well as save and grow one's money. Convincing your children to make plans for their financial future can be one of the greatest gifts you ever give them. Take a look at the following advice to get your children started today:
Mon, 20 Mar 2017 14:15:56 -0500Claiming deductions for your home office: If you can prove that your tax deductions are legitimate, then there is no reason why you shouldn't claim them, even if they are linked to your office which happens to be in your home. It's all just a case of organizing your records properly, and being able to prove that your expenses are for your business. Ensuring that your office space is clearly that, as opposed to a desk shoved into the corner of your bedroom, or a tiny area in what is otherwise the kid's playroom,...
Mon, 06 Mar 2017 15:33:15 -0600A prediction that President Donald Trump's tax plan will reduce the Federal deficit, pay for extraordinary government spending on defense and infrastructure, protect the viability of Social Security, fund a substantial tax cut for low and middle class citizens and diminish the growing wealth gap between the vast majority of Americans and the 1 percent. The anticipated tax plan will consist of a one-time tax on estate values over 15 million dollars. I also offer an expanded version that goes beyond what the president's plan will call for.
Wed, 01 Mar 2017 14:05:10 -0600The rise of the online community has changed the way in which we do the business always. It has delivered us nearer to people that can help with our everyday operations and additionally backend business needs. Empowering our organizations to run smoother and turn more benefit. One of the key places this has truly had any kind of effect for bookkeeping owners is in accounting.
Wed, 22 Feb 2017 14:09:26 -0600When looking for an accountant make sure they offer the use of cloud accounting software such as Quickbooks, FreeAgent, Sage One or Xero. Using these programmes will mean you have access to your business's finances in realtime meaning you'll always be able to see your current expenditure and profits. Making decisions for your business will then become smarter when you have the correct info at your fingertips. It also means your accountant will have access to this info too and can give you advice accordingly.
Tue, 21 Feb 2017 14:09:07 -0600Managers of corporate entities should not just embark on just any CSR activities but consider the tax implication as well. All financial strategic decision sessions should consider the effect of every CSR. At worst a balance should be strike between the social benefit and the financial cost.
Fri, 17 Feb 2017 09:50:58 -0600The article provides important information to the readers about the importance of filing the income tax returns and making the necessary corrections. The corrections are important to avoid errors and they must be done before the tax returns are finalized as entry by the income tax department of India. The article educates its readers about making the correction in the right manner and period to avoid penalties by the government authorities.
Mon, 13 Feb 2017 13:53:54 -0600The article is focused on informing the readers about the changes of prices related to the goods and services. To ensure inflation gets avoided and kept under strict vigilance the Government of India has introduced a Price Monitoring System under a specific structure. The prices can go higher by a large margin due to multiple taxes levied on the products, goods and services by different authorities at the state level as a result of interstate trade of goods and services. The GST plays an important role in incentivizing different types of businesses under taxation relief and offers a unified tax regime that implements the taxes without complications.
Tue, 24 Jan 2017 10:13:04 -0600An ITIN is a nine digit number that must be used on all statements and tax related documents if the individuals do not qualify for a Social Security Number in the US. To detail it further, both resident and nonresident alien individuals who are to get the benefits of a reduced rate of with holdings under the income tax treaty may have federal tax returns and payment responsibilities issued by the Internal Revenue Code or the nonresident aliens who are willing to file joint tax with their dependent spouses, the spouse being the resident of US need an ITIN...
Mon, 23 Jan 2017 10:08:04 -0600The ITIN card is issued regardless of immigration status to the alien immigrants who are responsible for paying their federal taxes but do not posses a SSN. With this card the individuals can execute all their financial activities and also provide a proof of residency.
Wed, 18 Jan 2017 08:08:29 -0600An Individual Taxpayer Identification Number is issued by the IRS to the resident aliens and other foreign nationals who are claimed for the federal tax reportings. Individuals use this number to process all their tax, accounting activities in case he or she has not received an SSN.
Tue, 17 Jan 2017 09:29:21 -0600Singapore has been the center of attraction for most of the organizations because the government tries to keep corporate income taxes as low as possible and gives different tax incentives to influence investors to come and invest in their business world. The country works on single-tier territorial program that is based on the flat-rate corporate income tax. The general business friendliness and effective rates are the two dominating factors to affect Singapore's economic growth, balance of payment and foreign investment.
Wed, 11 Jan 2017 08:15:00 -0600An ITIN is a tax ID number issued by the IRS to all the resident individuals and other foreign nationals who are required to file their federal tax reportings in the US. Individuals apply for an ITIN to receive a legal authorization for executing all their financial activities.
Mon, 09 Jan 2017 10:20:38 -0600Tax accounting revolves around accounting methods that focus more on taxes rather that public financial statement appearance. It is governed by revenue codes which dictate specific rules that must be followed by individuals and companies when they are preparing tax returns.
Thu, 29 Dec 2016 14:31:56 -0600Have you received a state notice of audit for sales and use tax? This article will help you understand how to prepare for a sales and use tax audit.
Wed, 28 Dec 2016 13:25:26 -0600Do you pay your taxes on time? Are you aware of all the rules and regulations associated with it? Is it difficult for you to find the right collection of information on taxes? Don't worry, we've got you covered. The following article demonstrates every necessary information and step that you need to pay your taxes properly and in time. It covers the when, how and how much of the tax that you need to pay. Follow the guidelines mentioned in the article and stay away from the responsible authorities over the long run.
Mon, 19 Dec 2016 09:52:32 -0600There are many ways a shareholder can transfer stock out of their name, this can be achieved by bequest, selling the shares to another person, or selling shares back to the company. Selling shares back to the company is known as a stock redemption. The acquisition of stock by the issuing company is a very common method of disposition. The article focuses on company repurchases not essentially equivalent to dividends and corresponds to ?302(b) (1).
Thu, 15 Dec 2016 07:21:22 -0600Choosing the right auditor can be more important than you realize because having a good auditor would result in having a lot of positive impact on your business. At the same time, having an auditor that is ill-equipped to handle the work could result in you landing up in a disastrous position. Thus, it is one of those decisions that you must take after putting a lot of thought, and being fully satisfied with it. Due to the importance of choosing the right auditor, most people tend to go for the big 4 without actually recognising their needs.
Wed, 14 Dec 2016 13:43:53 -0600This is an article regarding unreported income of construction industry in Canada. This also depicts the CRA's innovative tax audit approaches to detecting building contractors with unreported income.
Wed, 07 Dec 2016 08:14:50 -0600An ITIN is a number used to access all the financial services under the US federal government. It is issued by the Internal Revenue Service as a form of identification to the nonresident alien individuals or for familial status of fiscal residents who do not have the authorization to work, so that they become eligible to receive a legal status. The Acceptance agents are basically individuals or business entities who have got the certifications to assist the immigrants, requesting for an ITIN, thus ensuring that the amended applications are processed efficiently and effectively.
Wed, 07 Dec 2016 07:53:23 -0600Consumers feel comfortable to pay bills online. So following are the ways you can pay your taxes online.
Tue, 06 Dec 2016 07:27:13 -0600This may be the most important time of year when it comes to managing your tax liability. Most financial decisions designed to reduce your tax bill next April have to occur by December 31. Here are six strategies to consider that might help you keep more of your money.
Wed, 23 Nov 2016 13:16:29 -0600A local accountant is a practical solution for the business that wants a professional to take on the responsibility for returns, year-end accounts, business tax, personal tax, VAT and PAYE. Paying for accountant can in the long-term help to save money, free up time for other responsibilities, and make sure a business is properly administered.
Fri, 11 Nov 2016 09:08:42 -0600An ITIN is a nine digit number that is issued by the IRS to the resident aliens and other foreign nationals, who does not possess any Social Security Number, for carrying out the various tax processing activities in the United States. Apart from that the individuals use this number as a legal identity proof regardless of their immigration status when applying for a bank loan or credit card. The ITIN does not serve the authorization to work or provide any social security benefits of earning income.
Fri, 28 Oct 2016 09:46:23 -0500The 2017 tax filing season is right around the corner. It can be less painful if we start preparing now.
Tue, 25 Oct 2016 09:20:48 -0500The Individual Taxpayer Identification Number (ITIN) is a tax processing number certified by the Internal Revenue Service to the individuals who do not possess a social security number, but are earning a certain level of taxable income or receiving scholarships, stipends and awards from any renowned university. One can apply for an ITIN to fill up the tax returns, open a bank account or apply for a mortgage loan in the United States. They are a nine digit number beginning with the number nine and used as an identity proof to access all the financial services.
Thu, 22 Sep 2016 07:37:57 -0500For many people, volunteerism is about more than simply doing something nice - it's about enriching peoples' lives and making the communities where we live and work a better place. But, did you know your stewardship and goodwill may also help you reduce your taxes? Gifts given to charity and other expenses related to volunteering may be tax deductible.
Thu, 18 Aug 2016 10:02:49 -0500A lot of financial services companies are highly sought after by people who wish to retire and spend the rest of their days with comfort. Retirement planning at an early age can help you to see amazing returns on your investments. With early planning, you can ensure that all the assets you accumulate over the period of earning can be distributed properly during the lifetime as well as afterwards. If you dream of retiring to a life of luxury and leisure, these companies can help you achieve that dream with the following 5 services.
Thu, 28 Jul 2016 09:13:41 -0500When tax season rolls around, many businesses recall that they wanted to hire a new accountant, and new businesses are often hit with the sudden realization that they are desperate need of some assistance with their finances. Dealing with business finances on your own can be a nightmare, and can result in businesses missing out on important deductions that could save them a lot of money in the long run.
Tue, 19 Jul 2016 13:35:27 -0500Often, tax payers run into tax debt issues because they don't understand filing requirements or how a lack of compliance could prove to be costly due to penalties and interest added to existing liabilities. The worst thing a tax payer can do is ignore the obligation to file. The IRS has ways of finding out exactly what you earned during a tax year.
Tue, 19 Jul 2016 13:33:02 -0500Often tax payers find themselves owing the IRS even after they've paid taxes throughout the year. This has proven to be very confusing, as well as frustrating for many who already feel they pay way too much in taxes. In order to gain control over this tax issue, you first must understand what these taxes constitute and how they are calculated.
Thu, 16 Jun 2016 11:40:14 -0500Tax extension is a tax provision provided by the IRS to allow the taxpayers to extend the deadline for filing tax returns from April 15 to October 15 without any penalties. This article will list out 5 simple steps to help you understand how to file a tax extension.
Fri, 10 Jun 2016 14:04:37 -0500Are you just sending your numbers to your CPA firm and waiting to get your tax news? I'm involved in conversations with the owners and executives of early education companies most every day. Most every day I hear that these smart, successful people are not telling their CPAs about expenses that can be written-off on their company tax returns
Thu, 09 Jun 2016 09:45:05 -0500Most self-published authors are probably more comfortable writing books than publishing them. As publication approaches, however, your principal business activity changes from writing to publishing, and your tax considerations shift too.
Wed, 08 Jun 2016 10:02:11 -0500Every tax season thousands of truck drivers leave hundreds of thousands of dollars in tax deductions on the table. This is due in large part to inadequate planning and poor bookkeeping. In addition, many tax professionals do a poor job at properly informing truckers of the many different tax breaks available to them.
Mon, 06 Jun 2016 14:54:05 -0500Are you really saving money be preparing your own tax returns or is it costing you money? We provide you with 5 indications that it may be time to hire an accounts to prepare your tax returns. We also provide you with some benefits of using an accountant to prepare your tax returns.
Tue, 24 May 2016 10:32:55 -0500We - or more often our CPAs - are working on our individual or business tax preparation strategies year-round. However, now that tax day has passed, those getting a refund are plotting how to spend it.
Fri, 08 Apr 2016 14:41:27 -0500Paying taxes is a duty to all who live in the United States. If there is an expected or unexpected delay in filing a return, it is very important to know what to do next.
Fri, 08 Apr 2016 06:16:55 -0500Handling your own tax preparation can seem like an easy way to save a few bucks. Word to the wise: It's often a decision that costs you when your refund comes in.
Tue, 05 Apr 2016 08:42:07 -0500If you want to try your hand at the great American novel, a poetry chapbook, a cookbook or a guide to better management techniques, you may want to venture into the world of self-publishing. If you do, you will confront all sorts of complexity, not the least of which are the many tax issues to consider.
Tue, 05 Apr 2016 08:41:34 -0500The Affordable Care Act created a variety of tax consequences for Americans, but one that was little discussed until recently was the possibility of having to repay federal subsidies for health insurance. For many taxpayers, this liability will come as a shock, as will the amount due.
Thu, 31 Mar 2016 13:34:22 -0500Do you have serious tax issues? Understanding what tools the IRS has at their disposal can help you to plan how to resolve your situation. Read this to see why a professional tax service necessary when you have an uphill battle.
Tue, 15 Mar 2016 08:34:43 -0500A PAN card holds the same value for Indians as the Social Security Card for US citizens. PAN translates to the Permanent Account Number issued by the Income Tax Department of India under the supervision of the Central Board of Direct Taxes. This identification number is a 10 digit string of alphanumeric characters. Every registered citizen is given a unique number with his or her personal details recorded against it. Unlike a Voter's ID, this identification number remains constant even if you change your place of residence. The card also has a photograph of the holder.
Wed, 09 Mar 2016 09:13:37 -06002016 is already off to a quick start and with April 15th getting closer, it's that time of year again to think about your taxes. We've all seen the countless television ads but have you actually followed through and filed your taxes yet?
Thu, 03 Mar 2016 06:54:28 -0600Our firm does not do taxes, even though I did them for 12 years. When I began my practice that was a service I simply did not want to offer.
Thu, 25 Feb 2016 10:23:58 -0600Tax season is upon us and you are probably waiting for your refund check to come in the mail. Instead of taking a vacation or buying that new TV, think about doing something different with the money you get back from the government this year. Some possibilities are discussed in this article.
Tue, 16 Feb 2016 06:35:52 -0600Most professionals dread filing income taxes. Owning a small home based business can temporarily offset the taxable income.
Fri, 05 Feb 2016 11:11:47 -0600You have been told to be current on your filing and payments of federal taxes by an IRS revenue officer. So what does it mean to be current on IRS estimated tax payments? How important is this to get any tax resolution from the IRS?
Wed, 03 Feb 2016 09:33:32 -0600Tax season is quickly approaching, and that means one thing: the return of scammers determined on seizing your wealth. Follow these tips to avoid being a target.
Wed, 03 Feb 2016 09:03:13 -0600New business owners are frequently confused about how their businesses will be treated for income tax purposes by the IRS. This article contains a brief introduction to the taxation of the most common types of business entities.
Wed, 27 Jan 2016 15:17:27 -0600The biggest challenge in handling it is the fact that social security numbers of people can be obtained from various sources which an individual may not have control over. Such sources may include hospitals, nursing homes and schools.
Mon, 25 Jan 2016 12:28:56 -0600The typical answer to whether you can deduct work related expenses as an employee is "No, you have to be a business to do that." Yes, there are deductions for union dues or pension contributions that affect all workers, but there are also deductions for employees for certain types of expenses depending on what you do for a living. The most common occupations for these types of deductions are commission salespeople, people working at a home office, tradespersons, long-haul transport employees, clergy, artists and musicians. Almost any occupation can qualify depending on the work arrangement you have with your employer.
Fri, 22 Jan 2016 14:00:40 -0600You will soon be filling your tax payer returns, if you already haven't. However, most taxpayers will have to wait longer for their tax refund cheques thanks to the improved IRS fraud theft filters.
Thu, 21 Jan 2016 13:37:25 -0600Were you one of the hundreds of thousands of US citizens that were made to wait up to 18 weeks to receive your tax return? Well if so then there may be even more of a wait for taxpayers in 2016. No matter what state you live in, tax fraud and identity theft is rampant and as a result the IRS has cracked down on fraudulent claims. That is why whether you live in California or North Dakota, you may be made to wait for several weeks to see both your state and federal income tax returns.
Thu, 21 Jan 2016 12:59:32 -0600Tax refunds are a return of the excess amounts of income tax paid by a taxpayer to the state or federal government in a financial or calendar year. In the United States in particular, they are often received in the form of US savings bonds, personal checks, or direct bank deposits according to the taxpayers' preferences.
Mon, 18 Jan 2016 06:26:59 -0600Congress makes last minute changes to the tax code every year, forcing the Internal Revenue Service to update taxpayer instructions at the last minute. The tax rule changes in this article can help anyone filing a personal tax return increase their potential refund.
Wed, 13 Jan 2016 07:24:40 -0600April 15th is a deadline no one likes to think about. Many put off doing their taxes for fear of having to pay, but is that the best idea?
Thu, 07 Jan 2016 07:41:02 -0600Many foreign workers have problems when it comes to filing their taxes especially if they derived their income in a variety of ways. US workers who are employed in a foreign country will find this overview helpful in understanding the basics of income inclusion and what to include in their income tax return.
Tue, 29 Dec 2015 15:55:11 -0600Are you a small business owner? Tax preparation professionals can help you save money every April with these deductions.
Wed, 16 Dec 2015 08:00:58 -0600Ireland, a country known for U2 and Guinness, is more known in the business world as a tax haven. Ireland is in the same group as Luxembourg and Bermuda; countries with no physical resources as well as human capital. However they leverage their business regulation in order to attract companies by offering a business friendly environment and low taxation on companies incorporated.
Thu, 10 Dec 2015 14:39:19 -0600This article provides a basic overview and implication of a new U.S Tax Law which is being implement across the globe. The Foreign Account Tax Compliance Act (FATCA) is a United Stated (US) Federal law which was introduced as a part of a Hiring Incentives to Restore Employment (HIRE) Act in 2010 to increase tax transparency and tax revenues. The regulation requires all Financial Institutions (FI) (banks, funds, brokers, custodians, asset managers, insurers, etc.,) outside of the US to search their records for any listed US persons and report their assets and identities to the US Treasury.
Fri, 04 Dec 2015 07:35:29 -0600From the cradle to the cemetery, every citizen pays taxes of one kind or another. Whether the service is rendered or not, tax has to be paid.
Thu, 03 Dec 2015 07:45:23 -0600What is your 2015 income tax bill? Do you owe? Or are you expecting a refund? You don't need to wait until April 15th to find out.
Thu, 12 Nov 2015 10:21:23 -0600Hiring private firms to collect tax debts has failed twice before. The House wants to try it again.
Mon, 09 Nov 2015 13:20:04 -0600The Tax Act of 1986 offers tax incentives many taxpayers overlook. The Act contains a unique provision that allows generous deductions against active income. Bottom line, money invested in America can help you save on taxes while creating significant upside potential as an investment.
Fri, 06 Nov 2015 10:27:14 -0600Globalization has been an increasing trend for businesses looking to expand. By growing into foreign markets, a company expects to increase revenue and earnings to stockholders over the long run. As this has happened, globalization has made taxation more complex than it had already been.
Wed, 04 Nov 2015 14:45:19 -0600There are many instances in life in which we are faced with the choice of attempting to do something ourselves, or seeking the help of a professional. Now while the decision might be made easier when considering whether to attempt a spot of home DIY yourself - as after all, a wonky shelf or crooked door are not necessarily costly disasters - the decision becomes a little trickier when contemplating filing your tax returns. Completing and filing them yourself, naturally means avoiding paying for the services of a tax accountant, but if submitted late or incorrectly, the cost to you, may well outweigh that of an accountant.
Tue, 03 Nov 2015 15:53:20 -0600Your 2015 tax return isn't due until April of 2016, but now is the time to consider your options for tax planning. Many of the tax-savings moves you can make for your 2015 return need to occur before the end of the year. Here are answers to questions you may have about tax planning strategies in the weeks ahead.
Mon, 02 Nov 2015 08:11:52 -0600For those businesses who must maintain and manage inventory, it can be a daunting task. Inventory is a process where you purchase goods at cost for the purpose of sales. The complexity comes into how you measure the use of the inventory. For example, consumption in a business, e.g. restaurants; supplies in hair salons, manufacturing and a host of other areas will require careful documentation and compliance to IRS rules and regulations,
Fri, 09 Oct 2015 07:09:32 -0500What is the 1099-C Cancellation Of Debt? Are you a lender and do you have a problem with regards to 1099-C Cancellation Of Debt? The 1099-C Cancellation of Debt is a legal document arranged by the IRS in regards to forgiving and cancelling debt. It is available for the cancellation of $600 or more in bad debts. It is supposed to be issued by borrowers through the IRS for the cancellation of a bad debt.
Thu, 17 Sep 2015 12:26:51 -0500Preparing your taxes probably isn't on the top of your list of fun things to do this year. Nonetheless, there are many ways to lighten your load and make the process of tax preparation less stressful.
Tue, 15 Sep 2015 11:40:15 -0500"Welcome to Paradise" - 'Why open a business or live in Cyprus' - there are more reasons that you would initially think as the Cyprus government takes positive action in their fight back to the top. Tax breaks for Non Doms! The latest round of changes in the laws gives some all round positives, particularly for foreigners considering moving to Cyprus. The local economy will, of course benefit as more money starts to circulate.
Tue, 15 Sep 2015 10:30:46 -0500Most of our wealth management clients are retired or just about to retire. When we have reviewed their past tax returns, we have noticed some glaring deficiencies in NOT taking the amount allowable in medical deductions, especially when taking care of their parents. Here is a general overview of Medical Expense Deductions with the most overlooked deductions that can save you a large amount of money.
Wed, 09 Sep 2015 09:20:33 -0500Someone tried to steal an identity and a tax refund. But things did not go according to plan.
Tue, 01 Sep 2015 15:04:17 -0500Need help dealing with the IRS? The right audit services firm may be able to help you negotiate a manageable settlement on your tax debt.
Tue, 01 Sep 2015 15:03:33 -0500Anyone who is launching a small business may have questions about gaining financial backing. The potential owner may choose to seek guidance from a local tax consultation on how to manage the licensing and tax classifications for the business.
Tue, 01 Sep 2015 09:45:39 -0500Have you ever wondered how you could reduce your taxes and keep more of your money? Well believe it or not, the government actually gives you an option to do just that. In fact, the IRS really wants you save money on your taxes if you believe that! (OK, well maybe that's not the IRS' first mandate, but they do have that written into their code).
Mon, 31 Aug 2015 13:16:01 -0500One of the biggest obstacles in a successful retirement is the ongoing tax obligations year after year. Many people building for their retirement will payoff their mortgage because they don't want the monthly obligation. What we can pay off your taxes in the same manner? Can you imagine living most of your retirement without paying income taxes? The IRS has given us this opportunity but with many specific rules to follow. If you are considering this strategy, it is monumentally important to align yourself with advisers who are trained and have experience for this specific strategy.
Fri, 21 Aug 2015 09:31:08 -0500Unmarried co-owners of a home can get twice the interest deduction available to married couples, at least in the Ninth Circuit. Now that the courts have spoken, the mortgage deduction will remain one area where those who haven't tied the knot stand to benefit.
Thu, 20 Aug 2015 08:18:08 -0500There are tax breaks available for several uses of your personal automobile. The following article will outline the tax deductions available.
Wed, 12 Aug 2015 08:50:57 -0500Learn more about the proposed legislation in Washington that could take aim at 1031 exchanges. Industry experts are raising concerns and lobbying.
Tue, 11 Aug 2015 06:42:12 -0500Banks can help consumers reduce their tax burdens by helping them open IRAs or other retirement accounts. This is a great way to get tax deductions.
Mon, 10 Aug 2015 09:28:01 -0500The next time you speed down the highway thinking of how late you are, you may want to take a moment to wonder whether your tax return was late too. The latest highway bill creates some potholes for unwary taxpayers.
Thu, 06 Aug 2015 10:11:25 -0500When choosing a tax preparer you must be careful to select someone who is ethical and knowledgeable in the area of taxation. The following article provides some insight as to what to look for.
Mon, 03 Aug 2015 12:59:33 -0500Learn more about the most common myths surrounding 1031 exchanges. Avoid these misconceptions if you are interested in facilitating an exchange.
Thu, 30 Jul 2015 13:21:02 -0500There are special rules regarding claims for exemptions and certain tax credits for children of divorced or separated parents. The following is a summary of those rules.
Wed, 29 Jul 2015 13:03:56 -0500Congratulations on your business! Here's to its success! You must be celebrating right now.
Tue, 28 Jul 2015 14:25:41 -0500You cannot avoid tax, but you can minimise the effect they have on your finances. Unlike convoluted tax shelters and offshore bank accounts, there are legal ways to reduce your taxes without risking penalties. Here are seven easy to use strategies that are most likely to help you lower your tax.
Tue, 28 Jul 2015 11:08:30 -0500Divorce is never easy. No matter the reason there are almost always emotional and financial implications. Included in those are several tax considerations that must be addressed. My next couple of articles will outline some of the tax situations that arise as the result of divorce. This article will provide an overview of alimony and support payments.
Fri, 17 Jul 2015 14:17:55 -0500An expert bookkeeper/accountant makes significant difference to the fundamental benefit of your business as well as its success.It's in best interests of your business to have a capable and expert professional bookkeeper handling the most important part of your business i.e. your FINANCES.Tax planning is a beneficial asset for anyone regardless of whether small or big business and even for the individual tax payers.With the right tax advisor you remain at peace and become familiar with the fair ways to meet all your needs in the most efficient way.
Fri, 17 Jul 2015 13:20:28 -0500The ATO has stepped up its enforcement activities and has stated that it is now taking firmer action approach to debt collection. This action appears to be focused on outstanding company tax debts. The corporate veil was long ago pierced. The ATO's powers now take that to the next level. Directors, past, present and new can be held personally liable for unpaid company debts including Pay as You Go Withholding (PAYGW) and Superannuation Guarantee Charge (SGC).
Thu, 16 Jul 2015 16:02:33 -0500Learn more about 1031 exchanges. In this article, some of the most common terms are explored.
Thu, 16 Jul 2015 16:02:03 -0500Learn more about how to actually start a 1031 exchange. These are used to defer capital gains taxes.
Wed, 15 Jul 2015 12:44:39 -0500Filing income tax is a huge responsibility of every citizen and must be done with a lot of caution. One must be wary of investments and plan ahead so as to make the most out of the tax exemptions available. However, considering the busy schedule of many, people generally give it a miss and do not focus on investments till the time of filing the taxes.
Tue, 14 Jul 2015 09:46:50 -0500If you ever go shopping and find yourself wanting to know how to quickly and accurately estimate the sales tax you'll be paying on a purchase, here's how. You don't need to be an Einstein or a math genius to do so. Simply follow these steps, practice a few times, and you'll be on your way to becoming a master of calculating sales tax in your head.