A "fringe benefit" for employees is a form of payment other than cash for the performance of services by employees. Any fringe benefit granted to an employee constitutes...
Uncle Sam advises all taxpayers, which involves individuals and businesses, to estimate their accounting period in a year referred to as a tax year. Although, It is generally agreed...
Posted by Accurate Books And Tax on 01/13/2021
The Tax Cuts and Jobs Act came with many effects, one of which was removing the business expense for unreimbursed employees till the year 2026. As a result, workers can no longer bring...
Posted by McCool's Tax Service on 01/11/2021
In a situation when the allowable deductions of a company are more than the taxable income in a given tax period, it brings about a net operating loss for income tax. The idea behind...
Posted by Aurelia E Weems CPA on 01/07/2021
An accountable plan is a plan that complies with the Internal Revenue Service (IRS) rules for reimbursing workers for business expenses if the reimbursement is not considered income....
Debts with the IRS come in many shapes and sizes. The most common debts owed to the IRS are back or unpaid income taxes. Now that more people are working full or part-time, overdue...
Posted by Flynn Financial Group Inc on 01/06/2021
The gambling industry in America is booming because fresh casinos and sports betting centers are springing up in various parts of the country. People that enjoy gambling know and realize...
Posted by Tiffany Gaskin on 01/06/2021
Your basis in a business asset is essentially the cost of that asset. The term applies to all types of assets held by your business, including real estate, land, equipment, and investments...
Posted by Taxes Made EZ Inc on 01/01/2021
Most families are not tax professionals. So when the time comes to hire a nanny, especially if it's your first time, knowing all the details and IRS requirements and your status...
Posted by Tucker Accounting Services LLC on 12/26/2020
