With a health savings account (HSA), anyone that has a high deductible health plan that qualifies can use pre-tax dollars for approved medical expenses. The money is kept using an...
Posted by Jim McClaflin, EA, NTPI Fellow on 06/25/2021
Generally Accepted Accounting Principle (GAAP) refers to a set of rules established to help publicly traded firms establish their financial statement. The rules serve as the foundation...
Posted by KLSM CPA Firm PLLC on 05/18/2021
The eighteenth-century philosopher and economist Adam Smith endeavored to systematize the standards that ought to oversee a sound arrangement of taxation. In The Wealth of Nations...
Posted by Elliot Kravitz, ATP on 05/29/2019
1. The Benefit standard Principle Under the benefit standard, taxes are viewed as serving a capacity like that of costs in private exchanges; that is, they help figure out what...
Posted by The TaxAdvocate Group, LLC on 05/29/2019
The Office of the Indian Tribal Government (ITG) aims to provide top quality service and assistance towards Indian tribes for a better understanding and compliance of applicable tax...
For many years, taxation and tax systems have played a pivotal role in forging the backbone of any economic system. Rules and regulations pertaining to taxation have been enforced...
In this recession period, it is hard to fulfill your all monthly expenses without proper planning. It is time to prepare an adequate budget; otherwise, you cannot save anything for...
Posted by rinehimerbaker on 05/16/2018
For international transactions Governments have to decide which person and what income needs to be taxed. The basis for this can be personal relationship and economic relationship. Personal...
Posted by The Accounting and Tax on 10/28/2014
