As a small business owner, you can make your taxable profit lower by claiming small business deductions. While you, or the accountant you hire, prepares your business tax return,...
Posted by Bottom Line Tax Services, LLC on 09/06/2017
7.2.2 [a] Article Vii[1]Business Profits – Taxation of Profits Attributable to a permanent EstablishmentBusiness profits of a U.S. resident carrying on a business in Canada are...
Posted by The Accounting and Tax on 08/31/2017
Generally, Article VII provides that the business profits of a person resident in one Contracting State should not be taxable in the other Contracting State unless the particular...
Posted by The Accounting and Tax on 08/31/2017
Most people only think about their tax preparation when they want to file their tax return. The smart thing to do would be to get an education on the tax system and understand tax...
Posted by Bottom Line Tax Services, LLC on 08/30/2017
Tax preparation can take a lot of time and effort even if you are an experienced accountant. For businesses trying to take care of their own income tax return, taxes, or interactions...
Posted by Bottom Line Tax Services, LLC on 08/23/2017
One common investment that people get involved in is real estate. Perhaps you have been living in a home you own and decide to upgrade, renting out your existing home. Or maybe you...
Posted by Bottom Line Tax Services, LLC on 08/16/2017
A real estate gain is arguably the best tax break an average person can avail. In most scenarios, there is not much to worry about taxes, unless selling the house would result in...
Posted by Bottom Line Tax Services, LLC on 08/09/2017
As they say, there are only two things certain in life, death and taxes. Unfortunately, the saying is true. Even if you have unfiled tax returns, the IRS is going to want their money...
Posted by Bottom Line Tax Services, LLC on 08/02/2017
Though people have been filing tax returns and paying taxes for years and even decades, there would always be a group of people who would miss deadlines, for various reasons. In this...
Posted by Bottom Line Tax Services, LLC on 07/26/2017
