Living a good life can be owning a home, owing a business, being debt free, driving a high end car or having a good investment portfolio. These goals are achievable with a strong financial...
Posted by The Accounting and Tax on 03/10/2015
Income of a Taxpayer Salary, wages, remunerations, for services and gratuities received by a taxpayer are all considered as income of a taxpayer. These types of incomes are taxable...
Posted by The Accounting and Tax on 02/09/2015
Financial planning should not be difficult. It is basically a plan to save for your retirement, education of your children or buying a house. You should clarify your goals and set...
Posted by The Accounting and Tax on 01/24/2015
Aggressiveand threatening phone calls by criminals impersonating IRS agents remain to top the annual "Dirty Dozen" list of tax scams for 2015 filing season. The IRS has seen a surge...
Posted by PERFORMING FINANCIAL SERVICES, INC. on 01/22/2015
On Tuesday January 13, the IRS Commissioner sent an email to his employees discussing the IRS budget for 2015. It stated in the email that, the IRS will "have no choice but to do less...
Posted by PERFORMING FINANCIAL SERVICES, INC. on 01/16/2015
It’s hard to believe that the tax return filing season is just a couple of weeks away. While some of our clients are unable to complete their return until later in the...
Posted by Carlos Samaniego on 01/08/2015
The following items are not included in income of taxpayer for a taxation year: Amounts declared to be exempt by legislation of the Parliament of Canada (s. 81(1)(a)) Amounts received...
Posted by The Accounting and Tax on 01/03/2015
As tax professionals, we need to be prepared to answer our client’s questions and help protect them against swindlers who are trying to steal their money and, in some...
Posted by PERFORMING FINANCIAL SERVICES, INC. on 01/02/2015
U.S Tax law requires substantial amount of financial information. If you or your family members control directly or indirectly any non-US corporation and you have holdings in it, you...
Posted by The Accounting and Tax on 12/30/2014
