Category: Tax Policies
So, you have just found that a debt collection agency has seized your bank account and taken the money you owe them. The news leaves you shocked and your bank account overdrawn. This can be an extremely worrying scenario. And the worst thing is that ...
Serving in the armed forces can be a very rewarding occupation, but one that also brings its fair share of challenges and worries. The good news is that the government offers a number of tax breaks that can help to ease the financial and emotional bu...
Hiring employees is an exciting milestone for small and growing businesses. But managing withholding and payroll taxes takes time and expertise you don’t have. Withholding and remitting federal, state and local income taxes, Social Security and...
Filing taxes is never an easy ordeal for small business owners. From timely applications to deductions and refunds, there are so many details and intricacies involved with tax filing. However, there are ways to secure help during the turbulent tax se...
According to the Freelancers Union, freelancers comprise 35 percent of the U.S. workforce. While news articles and bloggers tout the benefits of freelancing, such as working from home, being in charge of your own schedule and selecting your own clien...
As business owners, you may have taken this credit before. But starting in 2016, the IRS is changing up the rules for an even bigger benefit. The IRS created the research tax credit, or R&D tax credit, in 1981 to stimulate the economy and incenti...
If you’re a small business owner or self employed and find yourself in the predicament of a tax dispute, you’re in luck. The IRS has unleashed a new program to fast track resolutions to tax disputes. Handling Tax Disputes The program comes after ...
If you need an extension to file your business tax return, we have good news: the IRS has posted a revised version of the form you need, Form 7004. This update reflects the new option to make the extension an automatic 6-month stress relief. Updates ...
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