The tax system of the United States is a pay-as-you-go system. Tax payments are usually required as you earn income. If you don’t pay your tax on time, you will be charged with...
Posted by Advanced Accounting & Tax Planning on 02/25/2020
Notifying your employees of specific tax situations that can affect them is one of your responsibilities as an employer. The Earned Income Tax Credit (EITC) is one example of this...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/25/2020
We are all busy in February, but let's not forget the essential budget planning for 2020. At the start of each year, the key figures of many tax laws are adjusted for inflation....
Posted by Elliot Kravitz, ATP on 02/15/2020
One of your core duties as an employer is to inform your employees of the specific tax situations that may affect them. One of these situations is a notification regarding the labor...
Posted by Advanced Accounting & Tax Planning on 02/15/2020
The IRS has announced the 2020 standard mileage rates for commercial, medical, and other users of a car and the 2020 vehicle values that limit the application of specific rules to...
Posted by YourIRSTaxAdvocate.com on 02/15/2020
The government encourages everyone to save money for their retirement. Tax breaks such as the Retirement Savings Contribution Credit and penalties for early distributions from retirement...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/14/2020
Student loans affect your credit in the same way as other loans: you pay according to what is agreed and suitable for your credit; Pay late, and it can hurt you. However, student loans...
Posted by Debi G Hill, CPA on 01/23/2020
One of the many questions I get as a tax and financial advisor is what business structure to choose when you are starting a business. Liability notwithstanding, a big determining factor...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
I remember it was the last semester of college and had a full blown case of senioritis. I was working on my final project for my capstone business course regretting that I had waited...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
