How Soon Do You Need to Start Preparing for Tax Season

Tax Season
Although it may seem like tax season just came and went it is fast approaching. Start preparing for the next tax season before it is too late. You will find it easier to get all your documentation together and organized before the scramble begins. Start preparing now and take the steps necessary to help things run as smoothly as possible this coming tax season. Government shutdown This past year a...

UK To Impose New Tax On Non-resident Property Owners

Non-resident Property tax
Chancellor George Osborne is set to impose Capital Gains Tax on foreign owners of property in the UK. Those who will be taxed will not be residents of the UK but will buy and sell property within the country. Currently, non-residents do not pay Capital Gains tax but those who do live within the country pay 18% when their home is sold and 28% if the property is not classed as their main home. The Chancellor...

Information About Hiring A Tax Attorney

Hiring A Tax Attorney
Financial stability in the present day economy, when the world is going through turmoil is of high concern. People usually try to conduct the right choices at the most appropriate hour, however, due to certain unfortunate events, you may be triggered to face a financial loss or instability. Everyone wants to be inclined towards recovering from such complex conditions, but at times, the only option...

How To Fill Out A W-2 Form

Fill Out A W-2 Form
For many businesses, filling out employee W-2s is a time of reflection, a time to look back at the past calendar year and really see how much extra they’re paying for labor thanks to pesky minimum wage laws. But alas, there’s an upside to all of this paperwork–it isn’t hard. Any business that has basic recordkeeping skills can turn the W-2 process into a quick, easy, and only slightly...

5 Useful Tips For How To Survive A Tax Audit

How To Survive A Tax Audit
Nowadays, there is nothing as scary as a convincing IRS that you reported all of your income and were entitled to all deductions, credits and tax exemptions. Tax audit is generally time consuming, stressful and potentially expensive, particularly for small business owners like restaurants where mistakes are very common. They are usually triggered by the difference between the tax money that should...

Four Simple Tax Mistakes That Lead To Big IRS Problems

Tax Mistakes That Lead To Big IRS Problems
The tax season may be over, but there are still thousands of Americans that are dealing with the fallout from their tax problems.  The IRS has some interesting filing statistics that have come out.  As of 5/10/2013 the IRS has received 134,349,000 tax returns, which is bad when you consider that there are over 300 million Americans that should be paying taxes, and that it is a 0.8% change from the...

Common Misconceptions About Taxes In The UK

Taxes In The UK
When it comes to taxes in the UK, there are a lot of things which are commonly believed by the public that are actually not true at all. These common misconceptions have been passed along for many years and can cause a lot of confusion when tax time comes around. This is why it is so important to have a qualified accountant on your side so that you can make the best choices when it comes to your taxes. Here...

Analyzing Tax Brackets – Knowing The Basics

Analyzing Tax Brackets
No matter what stage of life you are in, it can be useful to know which tax bracket you or your business is in. Whether this knowledge is used for planning your budget, or just curiosity, you can find it out. Learn how your income influences the taxes you pay. Changing rates Depending on where you life, the taxes are influenced by different factors. Each country has its own set of rules and regulations...

Small Business Tax Deductions And Write-Offs You Can’t Afford To Miss

Small Business Tax Deductions
Missed deductions can increase a business’ tax bill unnecessarily, and claiming deductions you either do not qualify for or doing so inaccurately can trigger a stressful audit. Small business owners should know which tax deductions they qualify for and how to accurately claim them on quarterly or yearly tax returns. The most common small business tax deductions are easy to understand and important...

Tax And Your Business: 5 Great Online Resources

Calculating Taxes Up And Down
Owning a small business is no small task. Between balancing payroll, overseeing production and handling day-to-day operations, you might not have the time or energy to learn the ins and outs of tax law. You might understand the basics and even have a staff accountant, but in order to stay ahead of financial crises, you should keep up with the latest news that could affect your business. Here are five...
css.php