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
The Centers for Disease Control and Prevention reports that life expectancy at age 65 for the US population in 2019 was 19.6 years. It fell to 18.8 in 2020 when the pandemic began,...
Posted by James Financial Services Inc on 04/26/2022
The United States is one of the strongest nations in the world. Giant buildings, cosmic infrastructure, technological advancements, and a literate population make this country one...
Posted by Dennis Jao on 03/10/2022
Also known as EITC or EIC, the Earned Income tax Credit is a refundable credit, meaning that if you owe no tax and you qualify, you will get the value of the credit. The idea is to...
Posted by Karen Munoz, EA on 09/03/2021
The Taxpayer Advocacy Panel is a Federal Advisory Committee to the Internal Revenue Service (IRS). If you’re a taxpayer and you have important issues that need to be identified...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 04/20/2020
8 Risks Faced by Every Stock1. Headline RiskThis is the risk associated with stories in the media hurting a company's business. With the wave of news all over the world, there...
Posted by Debi G Hill, CPA on 05/29/2019
Tax consultants in Toronto and other Canadian cities follow a dual rate system for corporate income tax. If a business’ corporate income falls below a certain level, it pays...
Posted by The Accounting and Tax on 05/27/2019
Being a parent is definitely a hard job as well as an added expense to your income. When children come, they not only bring blessings but a lot of expense on their hands as well. However,...
Posted by John Pournaras Agency on 12/14/2018
When you are about to open up a business, it's not only about profit that you have to keep in mind. There are numerous other factors which you have to be taken into account in...
Posted by J.R.'S TAX SERVICE on 12/13/2018
