Knowing how to pay off debt quickly when you are self-employed is difficult. You have no idea where to start or what strategies will work.Your income is everywhere, and you don't...
Posted by Tiffany Gaskin on 10/16/2022
Accounting and bookkeeping are vital functions for your business, but they are not the same, contrary to popular belief. To help shed some light on this topic, let's explain the...
Posted by KLSM CPA Firm PLLC on 06/24/2022
American businesses of all sizes have a number of financial information that must be organized and reported to comply with legal obligations, such as tax requirements. Various professions...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/01/2022
The Consumer Financial Protection Bureau (CFPB) is responsible for overseeing financial products and services provided to consumers. The CFPB is divided into several units: Investigation,...
Posted by Abundant Wealth Planning LLC on 09/10/2021
A withholding tax is an amount that an employer takes from its employees' wages and pays it directly to the government. The amount withheld is an income tax credit that the employee...
Posted by Abundant Wealth Planning LLC on 10/01/2020
In December 2017, major tax reform was launched, which concerns individuals and businesses. It is commonly known as the Tax Reduction and Employment Act, TCJA, or Tax Reform. Most...
Posted by CORE PERFORMANCE on 11/06/2020
In the United States tax system, individuals can withhold tax payments until April 15 of the following calendar year or use the Pay as You Earn (PAYE) approach, in which taxes are...
Posted by Larry Hurt on 08/24/2020
The Earned Income Credit (EITC) is a federal tax refund for workers and families who meet specific eligibility requirements. Employers must provide EITC employees with information...
Posted by Valderas Financial Solutions LLC on 01/02/2020
What is the Required Minimum Distribution (RMD)?Required Minimum Distribution is the amount that qualified owners and participants must withdraw from a traditional, SEP, or SIMPLE...
Posted by YourIRSTaxAdvocate.com on 11/13/2019
