Indirect business taxes, sometimes referred to as hidden taxes, are taxes that can be passed on to customers by being incorporated into a higher price. They are not added to the price...
Posted by Abundant Wealth Planning LLC on 01/01/2022
As a small business owner, you want to know the type of taxes you should pay, and an excise tax is one of such taxes. Excise taxes are the extra tax added to particular products or...
Posted by KLSM CPA Firm PLLC on 10/09/2021
Excise tax has to do with selected goods and services. The tax applies to businesses that manufacture or distribute chosen goods and services. While a consumer will not be billed for...
Energy tax credits for businesses are classified as a dollar to dollar deduction on a commercial organization's energy bills. It is usually done at the federal and state level....
The Federal Fuel Tax Credit is a program that allows businesses to reduce their taxable income dollar by dollar-based on specific types of fuel costs. The fuel tax credit encourages...
Excise taxes can be defined as internal taxes levied on the sale of particular goods and services like fuel, whiskey, alcohol, and tobacco. It is an indirect tax because the customer...
Posted by BEST FINANCIAL GROUP LTD on 12/31/2020
For people with substantial medical bills that the insurance plan cannot take care of, there might be some relief when you file your taxes. This article explores what you can claim...
Donald Trump has signed into P.L. 115 to 97 laws known as “Jobs Act and Tax Cuts”. It even has great importance for national taxation. It may have extensive effects on...
Posted by BEST FINANCIAL GROUP LTD on 04/26/2018
A flexible spending account, or FSA, is a pre-tax expense account that many employers offer for employees' benefit. These bills allow you to pay necessary expenses without paying...