What is a subsidy?A subsidy is a benefit given to a business, an individual, or an organization, usually by the government. It can be in the form of direct subsidy(such as cash payments)...
Posted by Dennis Jao on 05/22/2022
For many entrepreneurs, the idea of getting a second hustle seems efficient. Most people convert their hobbies into a second business. As an entrepreneur, you may have an idea of the...
Posted by BEST FINANCIAL GROUP LTD on 05/10/2022
If you're self-employed, such as an independent contractor, or a freelancer, one question is probably the most important question regarding tax returns: How can I reduce my self-employment...
Posted by Taxes Made EZ Inc on 04/17/2022
Every independent contractor is considered self-employed by the IRS (internal revenue service). An independent contractor can operate as a limited liability company, a sole proprietor,...
Posted by Pat Raskob on 04/09/2022
Married couples can file federal income tax returns together or separately. The Internal Revenue Service strongly encourages couples to file joint tax returns, extending more tax cuts...
Posted by CORE PERFORMANCE on 04/09/2022
Persons aged 65 and over and those who took early retirement due to disability are eligible for a federal tax credit which varies from $3,750 to $7,500. The senior citizen or disability...
Posted by Dennis Jao on 03/31/2022
The TCJA(Tax Cuts and Jobs Act) may have brought major changes to how income is taxed, but the choice of application remains the same. Taxpayers can still mail or e-file their tax...
Posted by Taxes Made EZ Inc on 02/28/2022
You can get federal tax relief for owning a home if you itemize your deductions on the 2021 tax return and if it makes financial sense. But it's a bigger "if" than before.Although...
Posted by Income Taxes and Bookkeeping LLC on 02/28/2022
April 15th is just around the corner, and if you're like many people, chances are your tax preparation is somewhere between mild disarray to frantic, panicked scrambling. There's...
Posted by KLSM CPA Firm PLLC on 02/22/2022
