All small businesses must file their tax each year. However, it is essential to avoid mistakes that can lead to higher taxes or raise unnecessary questions. This article sheds...
Posted by Income Taxes and Bookkeeping LLC on 05/07/2021
Business owners can deduct expenses for using their vehicles for business purposes. For one to qualify for such driving expense deduction, one needs to prove that the trip was business-oriented....
Posted by Raven Skylar Tax & Consulting, LLC on 04/30/2021
The Internal Revenue Service takes time to make sure your tax situation is up to date. The tax code allows the IRS three years to verify the tax return and ten years to collect the...
Posted by Dennis Jao on 03/16/2021
We consider a statute of limitations as a law that places the maximum period that the people involved in a dispute need to start a legal proceeding from when an offense commenced,...
Posted by Income Taxes and Bookkeeping LLC on 01/05/2021
The sole purpose of anyone venturing into business is to make a profit. There are, however, times when a company cannot make a profit. In such cases, a tax deduction comes as a saving...
A brand new deduction has been established by The Tax Cuts and Jobs Act for pass-through business owners. They will be able to take advantage of up to 20% deduction of their net business...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 08/30/2018
When we are talking about new welfare rights, it is about the Cornwall’s Councils Services of Adults and Social Directorate. There is an explosive amount of knowledge which is...
Posted by Larry D. Tew, EA on 05/30/2018
There were a lot of provisions to the reform bill or Tax Cuts and Jobs Acts recently, reducing taxes for most business such as a change on corporate tax rate cut from 35% to 21% and...
Posted by Foudy CPA Group,PC on 04/12/2018
The introduction of Tax Cuts and Jobs Act signed by the President brings about many tax breaks for the businesses. However, while there are plenty of breaks, there are also some areas...
Posted by US and International Business Services on 03/14/2018
