As the United States enters a new year, many Americans wonder what changes they can expect in federal tax legislation in 2023. Tax laws are constantly evolving, and even small changes...
Posted by Dennis Jao on 05/31/2023
Taxes are an important part of any economy, and governments levy taxes to generate revenue to fund their operations. Taxes can be levied on various entities, including individuals,...
Posted by Tiffany Gaskin on 03/31/2023
Small business sales tax is a tax levied on the sale of goods and services by businesses. It is an important source of revenue for many state and local governments and is usually collected...
Posted by KLSM CPA Firm PLLC on 03/25/2023
Income can be categorized into two main categories: taxable and non-taxable. Taxable income refers to the amount of money earned that is subject to income tax by the IRS. On the other...
Posted by KLSM CPA Firm PLLC on 03/08/2023
When it comes to tax time, homeowners are always looking for ways to reduce their tax burden. Luckily, many tax deductions available for homeowners can result in significant savings.Before...
Posted by Rosovich & Associates, Inc. on 02/22/2023
A trust is a lawful entity that holds assets and money for future distribution or administration. For example, you can create trust for your children's college education by setting...
Posted by Rosovich & Associates, Inc. on 01/26/2023
Wouldn't life be beautiful without taxes? You can't avoid them entirely, but as an active member of the U.S. military or veteran, you have access to tax benefits not usually...
Posted by Pat Raskob on 01/09/2023
Americans are feeling the pain from rising prices in all sectors, but they could make filing taxes a little less complicated in the future.This is because inflation has caused the...
Posted by Tiffany Gaskin on 12/26/2022
The US government offers various tax breaks and deductions for disabled veterans. When taking advantage of the available tax breaks, follow our guide to ensure you get the benefits...
Posted by KLSM CPA Firm PLLC on 12/18/2022
