What are capital allowances?Capital allowances allow taxpayers to get certain reliefs on capital expenditures by allowing deductions from their annual taxable income. Not all expenditures...
Posted by CORE PERFORMANCE on 05/27/2022
When setting up a business venture, you've got to think about various things to get done, and your taxes are at the top of the list. You must carry out proper research at the initial...
Posted by CORE PERFORMANCE on 09/30/2021
When comparing a partnership to an S Corp, it is important to consider the pros and cons of each, especially when it comes to creating the legal structure for your business. In addition...
Posted by Flynn Financial Group Inc on 06/18/2021
It is no news, nor will it come as a shock to anyone that more companies are entering the global market, including small and medium-sized businesses. Deliberate expansion into a promising...
Posted by Elliot Kravitz, ATP on 06/06/2021
Most taxpayers are only concerned with completing the filing process as quickly and easily as possible. That being said, when it comes to answering each question, please think carefully...
Posted by Carmen Garcia on 05/30/2021
When it comes to filing income tax returns, getting the lowest tax liability is not just about skill, it's about what you know. Unfortunately, many taxpayers lose deductions and...
When a city, state, or county raises funding for state projects by issuing debt security, it is called municipal bonds. Common projects under such categories are road construction,...
What is a private activity bond (PAB)?PABs are tax-exempt bonds distributed by or on behalf of a state or local authority to provide special financial benefits for eligible projects....
On January 5, 2021, the Treasury and IRS released a second set of final business interest expense deduction regulations (the 2021 Final Regulations) that provide additional rules to...