Considered as one of America’s greatest crimes, senior financial fraud has left both the elderly and their children worried. A recent survey found that people in America,...
Tips for a Pain Free Tax Season The mere thought of an upcoming tax season gives us goose bumps. Some people are so worried about tax season, it keeps them awake late...
Posted by Financial Balance LLC on 10/30/2015
10 Things You Should Know Before Hiring A Tax Preparer It is never an easy task to do your taxes and most people prefer to hand it over to someone else. If you are one of...
Top 20 things that you can deduct from your taxes As soon as it is time to file your tax returns, your face changes color and you grumble and mutter to yourself while filling...
Making projections from income statement requires: ü Spending a lot of time. ü Research and understand core of business model. ü Understand Revenue...
Saving tax dollars is an art. Filing taxes in time can save you from penalties. Making timely tax installments can also save you from penalties. In Canada, personal tax return is...
Source of income can have significant impact on calculation of foreign tax credit limitation. Formula for foreign tax credit limitation = Pre-credit U.S tax x foreign...
In the previous article, we touched base on the various types of allowances and deductions allowed to people serving in the Armed Forces. Notably, exclusion of income of members...
Posted by AllRight Consulting & Tax, LLC on 01/12/2015
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...