There are different kinds of income that qualify as income exclusion, and you must know the type of income within your earning power that can get such exclusions. For example, the...
Posted by Income Taxes and Bookkeeping LLC on 10/09/2021
The work-related costs scheme allows you to spend part of your total taxable salary on benefits, benefits in kind, and supplies for your employees without tax liability.However, WES...
Posted by James Financial Services Inc on 09/27/2021
You might need to report the canceled amount as income on your tax return if you could get a debt write-off or forgiveness. You should know what to expect so you don't end up with...
Posted by Jim McClaflin, EA, NTPI Fellow on 09/20/2021
Many people find it difficult to understand that attorney/client privilege with their accountant is necessary to maintain long-term relationships. The legislation led to the creations...
Posted by Unifirst Financial & Tax Consultants on 09/19/2021
There has been much talk around the Human Resources world about CPEOs (certified professional employer organizations). Here is a quick guide on understanding what CPEOs is. BackgroundThe...
Posted by Income Taxes and Bookkeeping LLC on 08/24/2021
To promote economic development and create more jobs, the Government has encouraged a startup movement. The goal is to bring innovative ideas to the platform and secure funding from...
Posted by The TaxAdvocate Group, LLC on 08/24/2021
Don't know what portion of your income goes to taxes and why it doesn't match the rate in the tax table? Here are the basics of how income tax rates work.Introduction –...
Posted by CORE PERFORMANCE on 08/15/2021
Forgiveness of debts, also known as debt cancellation, is a relief to anyone who has been in debt. But what happens afterward with the taxes? When your debt is canceled or forgiven,...
Posted by CORE PERFORMANCE on 07/31/2021
In the past, the rules for family succession planning have remained relatively the same. Previously, when the original owner of an asset or property dies, the asset is passed to an...
Posted by Unifirst Financial & Tax Consultants on 07/16/2021
