Small business owners everywhere know the importance of running a tight ship. Rent, labor, and operating costs all hit smaller companies the hardest, so keeping cash drainage to a minimum is key. Tax breaks, deductions, and credits are crucial for keeping small operations afloat. As helpful as these can be, they also have a […]
How Trump’s Tax Reform May Affect Your Taxes
Tax season isn’t everyone’s favorite time of the year, but don’t let a new reform overwhelm you. President Trump’s Tax Reform Act was passed on December 22nd, 2017. The Act is designed to cut income tax rates, it doubles the Standard Deduction, and eliminates many personal exemptions. The individual changes became effective January 1st, 2018, […]
What to Do When You Can’t Afford Your Taxes
Tax season can be harrowing, especially for those that find they owe the IRS money. If you can’t tackle your tax bill in its entirety this tax season, don’t give up. There are options, but they take strategic planning and a bit of elbow grease. Let’s get started. File Your Tax Return Anyway Tax deadlines […]
Top Football Stars Targeted for Tax Evasion, Ronaldo Denies Claims
Reports surfaced on Friday that numerous top football coaches and players engaged in tax evasion. Manchester United’s Jose Mourinho and Real Madrid superstar Cristiano Ronaldo were both named directly in the reports. French, Spanish and German news outlets cited documents that those involved evaded taxes. The news broke from Football Leaks, which includes 18.6 million […]
7 Tips to Avoid Tax Season Stress
The 15th of April tax filing deadline is just around the corner and you might have been thinking that once you file your taxes for the year 2014, you will be good to go until the next tax season. But if you have been feeling stressed out this tax season, it means there is a lot […]
Greenwood Trading – Abe’s Tax Decision Looming
Greenwood Trading: Japan’s Prime Minister must weigh a chance to end deflation against securing welfare benefits for Japan’s next generation. Greenwood Trading have reported that Japan’s Prime Minister, Shinzo Abe says he may be forced to delay a planned increase in his country’s sales tax if it would inflict excessive damage on its economy. The […]
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