Deductions Cloud

Payroll system and its importance in an organization

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 …

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New Section 199A Deductions Can Provide Extra Savings On Business Taxes

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 …

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tax Agent

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 …

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Retiring abroad can be adventurous and financially smart

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 …

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