One of the things that occupies most of a businessman’s time when it is time to file taxes is how much legitimate tax deductions they can make. Next to saving you some extra...
Depreciation is negative. It is like something losing value. In the tax world, however, depreciation can translate to considerable tax savings. Depreciation means deducting the...
When consumers do not pay for loans, primarily cars, they are subject to a repossession. The damage caused by repossession goes far beyond the loss of the vehicle.What is Repossession?The...
Posted by Taxes Made EZ Inc on 05/18/2020
Are you tired of watching a significant chunk of your hard-earned money disappear into the abyss of taxes every year? If you're self-employed, an entrepreneur, or a freelancer,...
Posted by True Tax Service on 09/17/2023
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
Tax is an unnecessary source of stress for small business owners. This is not surprising as many business owners have many things to worry about, and adding the complexity of preparing...
Posted by CORE PERFORMANCE on 07/23/2021
You can receive income in the form of money, goods, or services. This section deals with several types of taxable and non-taxable income. It includes discussions on employee salaries...
Posted by Carmen Garcia on 07/06/2021
Almost every section of the tax code was changed by the 2017 TCJA, which also affected every taxpayer, including businesses. While some of these changes were positive (reduced tax...
Many small businesses are slammed with tax penalties for errors that can be avoided. This article will explore these mistakes to keep you from turning out thousands of dollars in penalties...