In America, corporations can opt for shareholder level taxation. In this situation, the corporation determines its' taxable income and files a corporate tax return. The income...
Posted by ALJ Business Services,LLC on 02/12/2018
Improving offshore compliance has been a top priority of the Internal Revenue Service (IRS) for some time now. Because of this, people's ability to avoid detection is almost impossible,...
Posted by Omni Fidelity Associates on 02/08/2018
As a small business owner, you’ve got nothing to worry about. Revenue comes easy, expenses are minimal, and it is no problem at all to meet your tax requirements at the end of...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/06/2018
It is problematic, if you miss your tax return deadline, however, this problem can be rectified. If you requested an extension to your filing deadline, you are not late. However, if...
Posted by David Yeomans Accounting Service, Inc. on 01/18/2018
There are many factors that business owners have to contend with when it comes to expenses, from inventory operational costs to business taxes and other expenses. This is the reason...
Posted by ALJ Business Services,LLC on 01/04/2018
There are numerous differences between so-called civilian tax and military tax deductions. For one thing, combat pay is not taxable for enlisted personnel and, within certain limits,...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/04/2018
Answer: Bad news... As much as we all wish we could deduct taxes from personal loans, any interest that you pay out on them are simply not tax deductible. For instance, if...
The end of the year is fast approaching and now is the time to start your tax planning. The good news is that no major tax law changes took place this year. However, taxpayers may...
Posted by Noel Lorenzana, CPA on 11/24/2017
The IRS released a list of taxes changes this year that would impact tax payers across the nation. One of those tax changes, was an exciting increase in the maximum Earned Income...
Posted by Bottom Line Tax Services, LLC on 09/27/2017
