For freelancers or categories of people that earn their income from delivering papers or other jobs, it is vital to pay self-employment taxes. You could be subjected to huge fines...
Posted by Premier Accounting & Tax on 04/02/2020
The Lifetime Learning tax credit amounts to 20% of the first $10,000 tuition fee paid every year till it reaches $2,000. To claim the entire $2,000 credit, you must have at least $10,000...
Posted by Premier Accounting & Tax on 04/02/2020
Tax Season for this year is currently underway, with that being said several tax forms are also in process. One of these forms is the W-2, Wage and Tax Statement for employees. Regardless...
Posted by Freddie Cook, CPA on 02/27/2020
If you are a business owner or earn money as a freelancer, you must pay estimated quarterly tax payments to avoid fines and interest. Here's how.In this article, we will explain: ...
The tax system of the United States is a pay-as-you-go system. Tax payments are usually required as you earn income. If you don’t pay your tax on time, you will be charged with...
Posted by Advanced Accounting & Tax Planning on 02/25/2020
The American Opportunity Credit and the Lifetime Learning Credit are currently the two major education credits provided by the government to help students lessen the cost of higher...
Posted by Advanced Accounting & Tax Planning on 02/25/2020
The beginning of this year’s tax season will be this coming Monday, January 27, 2020, as said by the IRS (Internal Revenue Services). When can we get our tax refund? A question...
Posted by Flynn Financial Group Inc on 02/25/2020
Notifying your employees of specific tax situations that can affect them is one of your responsibilities as an employer. The Earned Income Tax Credit (EITC) is one example of this...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/25/2020
You can consider the basic idea of capital gains very simple: the net profit will be known as a capital gain if you sell an asset for more than you paid for it. For example, you get...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/25/2020
