Running a farm can be cumbersome when you consider several expenses and income sources, credits and deductions, etc., which makes things complicated when it is time to file taxes. Everyone...
While taxes for 2020 are not due until 2021, many important financial decisions made now can have a major impact on farm taxes and when they are paid. An important resource is the...
Form 1099-G is one of a series of "1099" forms used by the IRS to report various payments and financial transactions with the government, in addition to employee salaries.Key...
If a capital loss occurs, you can report the damage on your tax return, which can reduce your taxable income, and the sum of tax owed. However, it is essential to note that the Internal...
Posted by LLOYD J CAZES CPA on 02/15/2020
What is a Subsidy?A subsidy is a benefit granted to a person, a company, or an institution, generally by the government. This is usually a cash payment or a tax exemption. The subsidy...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/30/2020
Tax consultants in Toronto and other Canadian cities follow a dual rate system for corporate income tax. If a business’ corporate income falls below a certain level, it pays...
Posted by The Accounting and Tax on 05/27/2019
The Federal Insurance Contributions Act (FICA) and the Federal Unemployment Tax Act (FUTA) imposed taxes on employers in Puerto Rico. If you’re an employer, then you’ll...
Every professional investor in the world constantly searches for investments with additional benefits without an added risk. These types of investments are hard to find since, for...
Posted by John Pournaras Agency on 11/05/2018
6.3.1 Taxation of Investments in U.S Real Property by Canadian Investors6.3.1 (a) - IntroductionThere are many tax and legal considerations that must be weighed before making an investment...
Posted by The Accounting and Tax on 07/28/2016