Many people are looking to earn extra money by renting out a room in their homes. When it comes to taxes, this is both good news and bad news.The good news is that your rental income...
Posted by Pat Raskob on 05/27/2022
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
Indirect business taxes, sometimes referred to as hidden taxes, are taxes that can be passed on to customers by being incorporated into a higher price. They are not added to the price...
Posted by Abundant Wealth Planning LLC on 01/01/2022
The tax season can be incredibly overwhelming for all, especially when you need help with your taxes. However, Uncle Sam can guide you through the essential things you need to know....
Posted by Pat Raskob on 12/27/2021
There are a series of deductions available for all qualified small business owners. It can go a long way to reduce their tax burden even though most businesses are not aware, let alone...
Posted by Tiffany Gaskin on 12/18/2021
Self-employment brings freedom, responsibility, and a lot of expense. While most freelancers celebrate the former two, they are ashamed of the latter, especially when it comes to taxation....
Posted by Abundant Wealth Planning LLC on 10/30/2021
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
Excise tax has to do with selected goods and services. The tax applies to businesses that manufacture or distribute chosen goods and services. While a consumer will not be billed for...
Posted by Dennis Jao on 09/09/2021
Financial abuse of the elderly population has increased, with financial institutions claiming to have quadrupled the number of such incidents between 2013 and 2017, according to the...
Posted by KLSM CPA Firm PLLC on 07/06/2021
