What are capital allowances?Capital allowances allow taxpayers to get certain reliefs on capital expenditures by allowing deductions from their annual taxable income. Not all expenditures...
Posted by CORE PERFORMANCE on 05/27/2022
Employees have their taxes withheld by their employers. So, how do the self-employed pay? The self-employed pay estimated taxes quarterly by due dates to the IRS. This way, they can...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/22/2022
Selling a small business or company means income, and income denotes taxes. But how you structure your business can make a big difference in how much of the money gotten from the sale...
Posted by BEST FINANCIAL GROUP LTD on 05/22/2022
What if disaster strikes tomorrow? Next week? Next month? Are you ready? Is your business small? Contingency plans are essential if you plan to keep a business running for years to...
Posted by Rosovich & Associates, Inc. on 05/09/2022
If you have a business and you are thinking of incorporating credit and debit card payments, you may have hesitated once or twice because of anticipated challenges. Well, you can relax....
Posted by Taxes Made EZ Inc on 04/30/2022
You may be in a position where your business is expanding, and therefore additional resources are needed in your accounting department.The first actionable reference point will be...
Posted by BEST FINANCIAL GROUP LTD on 04/26/2022
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
Accounting is essential for any business. Smart records bookkeeping are essential for tracking business spending and finding new ways to grow. Additionally, keeping accurate records...
Posted by Dennis Jao on 04/17/2022
Generally, tax deductions are expenditures that business owners can subtract from their taxable income. It is economical as it saves cost by reducing the tax amount you need to pay.Most...
Posted by Pat Raskob on 03/31/2022
