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...
Posted by The Accounting and Tax on 02/26/2015
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...
Posted by The Accounting and Tax on 02/18/2015
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
Welcome 2015! As the new year rolls around, it's always a sure bet that there will be changes to current tax law and 2015 is no different. Below you'll find a summary of tax changes,...
Posted by J.D. Raleigh & Associates LLC on 01/21/2015
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 Affordable Care Act (ACA) has the potential to help millions of Americans secure health insurance. Many individuals are still confused about what the law does, how it will affect...
Posted by Pascuzzi Accounting & 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
Many tax payers think that only the self employed can deduct business expenses. Such is not the case. Employees can deduct some of their unreimbursed business expenses...
Posted by AllRight Consulting & Tax, LLC on 12/30/2014
