Tax Planning for Small Businesses – Best Practices for 2024
As a small-business owner, tax season can be a nerve-wracking time, but it has no reason to be. You can minimise your tax burden by crafting a tax strategy, taking…
As a small-business owner, tax season can be a nerve-wracking time, but it has no reason to be. You can minimise your tax burden by crafting a tax strategy, taking…
Tax-efficient investing is key to meeting long-term investment goals, and strategies such as tax loss harvesting and asset location can significantly decrease taxes. Investment strategies that optimize tax efficiency require…
But accounting can be a tax-deduction minefield that shifts all the time; remaining up to date is no easy feat for the small businessperson. Latching on to allowances is a…
Tax planning is one of the cornerstones of retirement planning. From maximising retirement account contributions to optimizing business deductions for side hustles, taking advantage of education tax credits and 529…
If you’re an American living abroad, the Foreign Tax Credit is a great way to reduce your US tax liability. But what is it exactly? The credit is a dollar-for-dollar…
Taxes should never dictate your investment strategy, but factoring in strategies to manage, defer and reduce federal income taxes can significantly boost after-tax returns. Some simple strategies include investing in…
If you are a tax practitioner or a taxpayer, you will be interested to know that the tax brackets in 2022 are going to be a major consideration. The brackets…
A Tax Break is a policy that helps individuals reduce their tax liability. It’s also known as a tax concession or preference. These incentives are usually applied by the government…
If you are looking to make your taxes more affordable, consider utilizing the new website from the Franchise Tax Board. It is designed to improve your customer service experience by…
You can use the sales tax calculator to determine how much sales tax you must pay on a purchase. It can calculate the amount of tax you must pay for…