Taxes : Business & Finance
Starting 1 July 2012, the tax-free threshold has been increased from $6,000 to $18,200. This is good news for everyone at the lower end of the income spectrum. It may be less welcome by those ...
Are you afraid to take advantage of the home office deduction? Perhaps you are the victim of one or more of these common tax myths. Unfortunately, many self-employed folks shy away from taking the home office deductions for at least one of the following four reasons.
A state tax ID number is necessary for doing business in Pennsylvania. This number is used to pay a variety of business taxes in the state, such as sales, corporation, employer withholding and use taxes. Obtain a tax ID certificate by completing form PA-100.
Social Security is a government-run social insurance program in the United States that provides income to retired workers and citizens with qualified disabilities preventing them from work. Social Security is funded through an income and payroll tax imposed upon the workforce and...
When Sally and John got married, they both had a house of their own. Living together they felt no need of keeping two houses, as they were in two states and it was difficult to manage both homes. They decided to sell one of the properties and it did fetch an amount which was more than their expectat
Such pre-emptive OVDI Extension and negotiations have to be dealt with by a certified Offshore tax lawyers, skilled in offshore compliance and delicate IRS negotiations.
In an economic downturn, the most common solution of late has been to offer a tax rebate. Many people believe that the former President George W. Bush created the tax rebate. In fact, he was not the issuer of the first tax rebate. The politician just borrowed the device from another presidential col
Section 1031 of the Internal Revenue Code contains arguably one of the most powerful provisions of the tax code for real estate investors the 1031 tax exchange.Many highly successful real estate investors have used this tax code provision in combination with aggressive pyramiding and upgrading strat
Although no one likes taking a loss, at tax time you can use your losses to your advantage. Capital losses, such as those you take from losing stock transactions, can be used to offset capital gains and ordinary income up to $3,000. Additional capital losses can be carried forward for use in future
Acting is one of the oldest professions, dating back thousands of years. Through the centuries, actors -- also known as "players" -- typically have struggled to earn sufficient salaries, belonging to the proverbial company of starving artists. This is still true in 2011. Although some actors make it
There are few things worse than receiving a notice in the mail to advise you that the IRS is reviewing your return. That letter could be made worse, however, if you don't have any receipts on hand to prove that you were eligible to claim the deduction. Fighting the IRS is never something a taxpayer
While at first glance it seems like an unnecessary expense, online tax return preparation is becoming increasingly popular among CPA and accounting firms. Small and medium sized accounting firms that are able to offer a full range of accounting services to their clients can, of course, retain their
As the financial year ends then all of you get worried about filing the tax return and everything becomes chaotic. So to avoid all theses you just do all preparation well in advance. This contemporary method is very efficient for all the tax payers to file their tax return online.
All countries have separate tax rates for corporations and individuals, plus some countries have various forms of consumption taxes, variously called VAT (value added tax) or sales taxes. Most nations also have property taxes and excise taxes, such as those imposed on alcohol and cigarettes. Accurat
Reliability is what we are looking for from any company that we are dealing with. This is also true when we avail of services online. That is why it is important to find a reliable free online tax service online. You just need to spend some time searching in the internet so that you can find some th
An employer is required to take federal taxes out of an employee's paychecks and pay the taxes to the Internal Revenue Service. The employer is also required to pay his own portion of federal taxes. The employee's tax is based on a percentage of her taxable wages. The employer's tax is based on a pe
Tax-free municipal bonds are bonds issued by state and local governments. The interest they pay to investors is exempt from federal income tax. The tax-free income can be very attractive to investors in high tax brackets. Individual investors should be aware of the risks involved when...