Few Changes for tax year 2022 Some tax credits return to 2019 levels. This means that affected taxpayers will likely receive a significantly smaller refund compared with the previous tax year. Those who got $3,600 per dependent in 2021 for…
Some people are intimidated by certain tax terms. One example would be “tax bracket.” What is a tax bracket, anyway? A tax bracket simply states what you will owe in taxes according to your income. Every bracket covers a specific…
There are some tax breaks for vets which you might not be aware of. For example, if you are a disabled vet and you receive disability benefits from the VA, those payments do not count as taxable income. You don’t…
Financial management tips: Discussing money can be stressful, but it doesn’t have to be. Money is a mere tool that enables us to thrive. It is commonly said that money is the root of all evil, but this is false….
TAX SCAMS AND IDENTITY THEFT- Ways to protect yourself: Tax scams and identity theft are on the rise. It is quite unfortunate that identity theft and other financial scams are such a concern for everyone these days. However, there are…
What exactly is cryptocurrency? Dictionary.com defines cryptocurrency as follows: “a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.” A…
Not filing for one’s income taxes is a serious matter. Ignorance of the law is not an excuse, and it is up to everyone to file back taxes. The IRS looks with suspicion upon anyone who fails to file back…
Perhaps you are one of the many folks who have already filed your taxes for 2017. If so, excellent job! Alas, many of us procrastinate and put things off. If you have not yet filed this year, double or even…
There are some individuals who are adroit at handling their own finances. Some of us could use assistance, especially when dealing with the complex matter of income taxes. There is a feeling of confidence and ease which accompanies trusting a…
Regardless of whether one is independently wealthy or not, all of us want to protect the ones we love. We are already busy in everyday life, planning such simple things as meals, events, appointments, etc. Although it is not necessarily…
You may be well acquainted with the process of filing taxes for your business or yourself. But have you considered the positives of hiring a professional CPA? Having a trustworthy accountant allows you to become familiar with complicated tax laws….
Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is the third largest source of government revenue after Income Tax and National Insurance. It is…
Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…
Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…