For many business owners, equipment purchases are necessary to replace outdated equipment but to also expand their business’ capabilities during periods of growth. However, when...
Posted by ERNIE BUSTAMANTE on 02/23/2016
Chances are if you worked independently during 2015, and made over $400.00, you will most likely have to file a Schedule SE. The Schedule SE is used to report self-employed taxpayer...
Posted by Margaret Tabb on 01/30/2016
What Is The ILIT? The ILIT is short form for Irrevocable Life Insurance Trust. As its name implies, once constructed this trust fund is not revocable, nor may you...
Posted by Cassandra Collins-Patterson on 01/26/2016
USA will only tax foreign business earnings if it repatriates it to USA through dividends. This policy is known as “deferral”. Deferral creates an opportunity for avoiding...
Posted by The Accounting and Tax on 01/10/2016
General Income: It includes all income other than passive income. It includes most of the foreign source active business profits of domestic corporations and their foreign subsidiaries. Passive...
Posted by The Accounting and Tax on 12/21/2015
Considered as one of America’s greatest crimes, senior financial fraud has left both the elderly and their children worried. A recent survey found that people in America,...
Posted by Cheryl Panattoni Forensic Accounting and Tax Inc on 10/30/2015
All businesses are required to report sales and income over a taxation year. Profits = Sales – Expenses Net Income = Profits – Taxes Categories included in an income...
Posted by The Accounting and Tax on 05/07/2015
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
Multinational Companies do lot of intercompany transactions. U.S manufacturers market their products in foreign countries through their subsidiaries. Domestic parent companies sometimes...
Posted by The Accounting and Tax on 12/16/2014
