Is there a difference between Tax Preparation and Tax Planning? Yes, with tax preparation you are looking at history. Once December 31st of each year is over you can’t change...
Posted by Esther N. Phahla, CPA, A Professional Corporation on 12/26/2017
A Roth IRA conversion is an appealing prospect to many people. If this applies to you, it is possible to do this in 2017, without fretting about tax code changes. If the rate of tax...
Posted by Lone Star Tax Group on 12/20/2017
Making charitable donations is one way to reduce taxes. Donations can be used as tax deductions for taxpayers who choose to itemize deductions instead of taking the standard deduction....
Posted by Lone Star Tax Group on 12/20/2017
At present we are in the midst of uncertain financial times. Owing to the uncertainties it was seen that the average Canadian debt balances rose by 2.3% in the 2016 3rd quarter, which...
Posted by The Accounting and Tax on 12/01/2017
All homeowners should probably be aware of the term "basis". Basis is essentially the sum your house (or other similar property or investments such as stocks or mutual funds) is...
Posted by Advantage Tax Service on 11/22/2017
All is not lost for people who are late with filing their tax returns. Besides not being subjected to any legal action, people who file their taxes late may also see certain tax refunds...
Posted by Advantage Tax Service on 09/13/2017
7 . 2 . 1 (a)In general, the net business profits of a non-resident carrying on business or any other income generating activities in Canada are subject to the income tax imposed under...
Posted by The Accounting and Tax on 08/31/2017
Some people call it "cost basis" and some people call it "tax basis"...whatever you call it, figuring it out does not have to be rocket science. (Unless you are into that kind of...
Posted by Advantage Tax Service on 08/02/2017
One of the most difficult processes for those who are new to retirement is the abrupt change of switching from accumulating funds to withdrawaling them. It is easy to see why this...
Posted by Advantage Tax Service on 07/26/2017
