fbpx Skip to main content Skip to search

Taxpayer Withholding

Taxpayer Withholding

The Internal Revenue Service warned taxpayers to check their income tax withholding for almost all of 2018 due to how the Tax Cuts and Jobs Act affected tax brackets. The IRS announced it would waive the penalty for not paying enough estimated tax if affected taxpayers met most of their tax liability in 2018.

Eco-friendly Cars - Save On Taxes

Eco-friendly Cars – Save On Taxes

Eco-friendly Cars – Save On Taxes Tax Write Offs for Eco-friendly Vehicles Save up to $7,500 on your next vehicle–if it’s eco-friendly? Have you thought about an electric or plug-in hybrid car? If so, you could save! Not to mention…

Home Ownership

Home Ownership —Tax Laws

Navigating our way through the new tax laws concerning home ownership. What’s deductible: closing costs, mortgage interest, property taxes? Let’s take a closer look and break down some of the basics.

Tax Credit and Tax Deduction – Know the Difference

Tax Credit and Tax Deduction

Understanding the difference between tax credits and tax deductions, both credits and deductions help in reducing your tax liabilities, but in different ways.

Tax Reform Explained

Tax Reform Explained

Insurance – The individual mandate was a key provision of the Affordable Care Act requiring everyone to have health insurance. Individuals who did not qualify for an exemption and chose not to purchase insurance faced a range of tax penalties, depending on income.

Tax filing season 2019 with calculator

Tax Filing Season 2019

The Internal Revenue Service successfully opened the 2019 tax-filing season on January 28, 2019 as the agency started accepting and processing federal tax returns for tax year 2018.

VAT CHANGES FOR 2015

There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction…

FINANCIAL REPORTS AND THEIR USES

Financial reports may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a…

FUNDAMENTAL ACCOUNTING

Fundamental accounting refers to the basic principles of accounting. Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed…

Call Now ButtonCall Now!