The process of growing your financial asset is known as investment. This can happen in various ways, like investing in an asset that will give a cash flow, rising prices, or both....
Posted by CORE PERFORMANCE on 03/31/2021
One of the main advantages of life insurance is that payment to beneficiaries is free. Because life insurance benefits in the event of death can run into the millions of dollars, it's...
Posted by Jim McClaflin, EA, NTPI Fellow on 03/29/2021
The Treasury Department and IRS have issued final regulations to implement the changes made by the TCJA to tax accounting rules for small businesses. These regulations generally adopt...
Posted by Aurelia E Weems CPA on 03/19/2021
A cannabis business can typically expect a series of scrutiny from the IRS that will want to penalize them if they are not compliant. Here are tips that can help your marijuana business...
Posted by Pat Raskob on 03/18/2021
Merchants who sell online and/or in physical stores may receive an extract from the payment processor called Form 1099-K, Third Party Network, and Payment Card Transactions. There...
Posted by International Tax Consultants, LLC on 03/09/2021
Restaurants can claim a federal income tax credit based on the share of FICA and Medicare ("employment") taxes that they pay on reported tip income to employees. In an ideal...
Posted by Elliot Kravitz, ATP on 03/05/2021
Have you ever found money in a jacket or pants that you haven't worn in a while? Isn't that awesome? The amount of money you don't know you have can help you with a future...
Posted by The TaxAdvocate Group, LLC on 03/05/2021
What is alimony payment? This is a payment between current spouses or ex-spouses due to an ongoing separation in a marriage or divorce. Alimony (sometimes called support) payments...
Posted by Dennis Jao on 03/05/2021
Constructive receipt for income refers to the first time the monies are available to the taxpayer. The assessment of taxes are based on the constructive receipt date regardless of...
Posted by Aurelia E Weems CPA on 03/01/2021
