“Taxes are the price we pay for civilization,” said Oliver Wendell Holmes, the great Supreme Court justice of US. But, sometimes it seems that people who cannot offshore...
A forensic accountant is nothing short of a detective, as he or she solves white-collar crimes in companies. These sleuths use their knowledge of the financial world to solve cases...
Many small businesses run into issues with their bookkeeping at one time or another. So if you’re a small business owner who is doing all the bookkeeping work yourself and it’s...
Gross income comes from following categories of income:
Interest, Dividends, Personal Services, Rentals, Royalties, Gains from disposition of property.
Leasing generates rental income....
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...
If a domestic corporation has a foreign subsidiary, this subsidiary will usually maintain its books and records in the currency of the country where it exists. If this subsidiary repatriates...