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
As a homeowner, it's imperative to know and understand the taxes you can deduct from your taxes because they will help you reduce your taxable income and reduce your tax burden....
Posted by Flynn Financial Group Inc on 10/29/2019
Your home-based business is in an exclusive tax situation. Your home business may benefit from all the usual tax deductions, but some work differently, and others are for domestic...
Posted by LLOYD J CAZES CPA on 10/01/2019
Taxes on self-employed entrepreneurs include federal income tax, self-employment tax, local taxes, and state taxes. Independent and independent contractors report taxes on Form 1040...
Posted by Larry Hurt on 09/30/2019
Section 1031 of the IRS code slowly creeps into everyday conversation. The term refers to real estate agents, bond companies, investors and football mothers. Section 1031 of the...
Posted by Valderas Financial Solutions LLC on 09/26/2019
Suppose you think of a company as an unincorporated parallel business. If your business expenses exceed your income, you will have a net loss. You may feel that you can deduct this...
Posted by YourIRSTaxAdvocate.com on 07/29/2019
Every year, millions of homeowners pay more taxes on their rent than they have to pay. Why? It is because they do not take advantage of all the tax deductions available for homeowners...
Posted by rinehimerbaker on 04/09/2019
The sale of a business involves the selling of separate assets. These assets are the property held by the company that is primarily used for investments and for the usual useful business...
Posted by J.R.'S TAX SERVICE on 04/03/2019
So if you want to adopt a proactive approach in asset protection planning, you need to give the planning an early start, keep it streamlined and most importantly abstain from hiding...
Posted by J.R.'S TAX SERVICE on 11/30/2018