Are You Prepared for Your Small Business Taxes? Tips to Help You Save Many small business owners become frazzled around tax time and as the year comes to a close, they know it is...
Having a Baby? Keep Your Eye on These Tax Deductions Let’s face it. Having a baby is expensive, especially if it’s your first. As you prepare to welcome a newborn into...
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...
Bases for asserting jurisdictions Who to tax? What income to tax? Personal relationship between a taxpayer and the country This concept also applies to corporations and other type...
Cash Flow – Making Projections Cash from line items consists of depreciation schedule, working capital schedule or debt schedule. We must complete depreciation and working capital...
Gross income comes from following categories of income: Interest, Dividends, Personal Services, Rentals, Royalties, Gains from disposition of property. Leasing generates rental income....
Posted by The Accounting and Tax on 03/05/2015
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
Code Section 7701 (a)(30) U.S citizens are U.S Persons and Citizens of foreign countries are U.S Persons who meet either of the following two tests: Green Card test Substantial...