If you haven’t found a tax preparer to assist you in your tax filing adventures, you may be interested to know more about one of the beginning steps in determining what you owe,...
Americans gave $520.23 billion in charity in 2015, equivalent to 3% of the U.S. GDP (gross domestic product). The majority of that charity, $418 billion, came from the individuals...
The legendary musician Miles Davis has a famous quote when asked about the definition of jazz music: “If you have to ask, you’ll never know…” Luckily for us, taxes don’t...
All businesses are required to report sales and income over a taxation year.
Profits = Sales – Expenses
Net Income = Profits – Taxes
Categories included in an income...
Living a good life can be owning a home, owing a business, being debt free, driving a high end car or having a good investment portfolio. These goals are achievable with a strong financial...
Income of a Taxpayer
Salary, wages, remunerations, for services and gratuities received by a taxpayer are all considered as income of a taxpayer. These types of incomes are taxable...