A tax credit allows you to deduct a certain amount of money from the taxes you owe. It differs from a tax deduction, which allows you to reduce your taxable income. Tax credits are...
Posted by Rosovich & Associates, Inc. on 06/24/2021
Article Highlights:Keeping home improvement records Home gain exclusion amounts Records may be required to avoid taxIndividuals who meet the 2-out-of-5-year use and ownership...
Posted by Ace Plus Tax Resolution on 08/04/2020
Small Businesses could be referred to as a sole proprietorship, partnership business or corporations with little employees and revenue in comparison with a regular business entity....
Posted by Affordable Accounting Assistance on 01/27/2019
College can get expensive and thousands of students each year work hard in order to nab the limited amount of scholarships and grants that are available to help them lower the cost...
Posted by Dennis O'Brien on 03/02/2016
Many taxpayers choose to run their business out of their home. This saves them money on renting out another space and the maintenance and utilities of another locations. And for...
Posted by Dennis O'Brien on 01/31/2016
Coastal Business Services understands that the tax laws can be confusing to most taxpayers. While it would be ideal to just fill out a few yes or no questions and be done for the year,...
Posted by Dennis O'Brien on 01/31/2016
For many small businesses, sales tax may be a part of life, especially if your business includes end user or ultimate consumer sales. If your business includes the sales of tangible...
Posted by Patrick O'Hara, EA on
It is no news, nor will it come as a shock to anyone that more companies are entering the global market, including small and medium-sized businesses. Deliberate expansion into a promising...
Posted by Elliot Kravitz, ATP on 06/06/2021
The Internal Revenue Service can impose a huge number of tax defaulters that do not pay taxes or do not pay on time. These penalties may also include financial penalties imposed on...
Posted by Elliot Kravitz, ATP on 05/18/2021
