Introduction In order to properly optimize your accounting firm’s overall efficiency, effectiveness, and productivity in connection to researching and resolving a tax issue and determining the sustainability of the...
What is 1099 MISC.? Form 1099-MISC is a variation of Form 1099 used in the United States to report miscellaneous income. Miscellaneous Income is a form used by the...
More and more companies are relying on outsourced service providers rather of employing full-time employees. One of the most frequently outsourced business services is accounting. A business’s data must...
Gain received on sale of Capital assets are taxed at special rates or ordinary rate based on the holding period of the said asset. However important tax planning which...
What does FIRPTA mean for a Buyer? The Foreign Investment in Real Property Transfer Act (FIRPTA) requires any buyer of a U.S. real property interest to withhold 15% of...
The month of September 2021 has brought forth an interesting update for American taxpayers. The IRS just unveiled a distinct initiative in the form of a brand new webpage...
Being self-employed indeed comes with attractive benefits. When you act as your own boss, there are myriad financial flexibilities that come with it. However, you also have the hassle...
Many QuickBooks Online users get confused when they see a mysterious undeposited funds account on their balance sheet. Although this account is helpful for specific types of businesses, it’s...
Tax credits stand among the highly useful ways to optimize your overall tax burden. They act as additional reductions on the regular taxes you pay. Since it is an...
The tax filing rules for residents and non-residents can be poles apart in the US. With an elaborate set of laws for American citizens, resident aliens, as well as...