Small business owners typically regard their company as a personal possession and do not really appreciate the concept of company structure. Therefore, many companies record keeping is insufficient. The resulting problem is that withdrawal of cash or other property from the company that is not properly documented is classified by the IRS as a “constructive …
Payroll is a very important department in any organization. This is a department that will greatly affect the net income of the organization. One must concentrate on the payroll calculation. There are various factors for tax deduction involved in it. You have to be extra careful while calculating the tax and ESIS and EPF. You …
Payroll system and its importance in an organization Read More »
The Tax Cuts and Jobs Act of 2017, Rule 11011, Section 199A, has provided a 20% tax deduction for through-going businesses. Eligible taxpayers include sole proprietors, S corporations, partnerships, listed partnerships (PTPs) and real estate investment trusts (REITs). While calculating the deduction can be a difficult challenge at best, many taxpayers may end up adding …
New Section 199A Deductions Can Provide Extra Savings On Business Taxes Read More »
The term “tax agent” checks with two completely different professions, each associated with taxes. In a way, it is someone from an agency who represents the government in investigative and assortment procedures to form positive voters and make sure companies pay their taxes. The second meaning refers to a person preparing tax on behalf of …
When considering retiring abroad or investing in foreign properties, financial planning issues, including taxes, insurance, investment and real estate must be addressed before leaving the shores of America. Here are some things to consider when looking to retire abroad and abroad: EXPERT ADVICE: The first thing that is required is to seek experts who can …
Retiring abroad can be adventurous and financially smart Read More »
We teach our children many of the skills and experiences as they prepare them for adulthood. Home education and some form of formal or academic education along with a wide range of social experiences help our children grow in many ways. But what can we do to equip children with the unique abilities and experiences …
Buyers are out there, it’s just a matter of rounding them up and staying in touch. It helps to be able to determine what type of buyer you are hunting for from the start. Remember this: you are the person who has something they want when a buyer calls you; If you call them, you …
Here’s how to find real estate buyers by the dozen Read More »
This is how we survive tough economic times without dismissing employees. As a business owner or manager, over the past 18 months you have been faced with shrinking profit margins and fewer customers standing up to buy your once thought of being “hot products or services.” The question of how to survive these seemingly tough …
As the owner of a rental home, your top priority is making money. You can achieve this if your rent collected is more than monthly mortgage and other expenses. The following are some concrete steps to charge rent: * Few days before rent due date (4 – 5 days), call tenants and tell them how …
Are you behind in the game when it comes to winning the tax season? This tax season you will take care of all the challenges, be it managing or filing your taxes on time as well. From maintaining all documents and avoiding loading your tax documents, you get everything covered. The answer to all tax …
Rely on Cloud Computing for a seamless tax season Read More »
