taxation

Articles

Choosing the Right Crypto Accountant for Your Investment Needs

Accounting services have become more specialized as more people invest in cryptocurrencies. That is why managing digital assets is possible only by comprehending every aspect of cryptocurrency and taxation in America. That is why one needs a crypto accountant in their corner. There is always someone with the expertise to provide services that will help […]

Articles

Do Car Accidents Affect Tax Payers in Florida?

In Florida, car accidents cause various expenses. Some of these expenses are paid for by the general public through various channels. According to car accident attorneys, the cumulative impact of car accidents on taxpayers in Florida can be astounding, easily reaching tens of billions of dollars annually. Such costs are related to medical expenses, property damage, […]

Finance & Economics

How R&D Tax Credits Can Help Fund Innovation and Growth

R&D tax credits are incentives for businesses to invest in research and development. These credits let companies reduce their tax or get a refund based on how much they spend on qualifying R&D activities.

Finance & Economics

The difference between ELSS funds and mutual funds

Tax saving mutual funds, also known as Equity Linked Savings Schemes, are a specific category of mutual fund scheme that offers tax benefits under Section 80C of the Income Tax Act 1961 in India. Here are the key differences between ELSS funds and mutual fund in general:

Articles

Troy Renkemeyer Shares Tax Planning Strategies For Tech Startups: Navigating Unique Challenges And Maximizing Savings

The ever-evolving tech startup world is where innovation thrives, and disruption is the norm. Hence, it can be quite complex. According to Troy Renkemeyer, one aspect to pay attention to is tax planning because navigating it is daunting and can feel like a labyrinth. Understanding the unique challenges of tech startups and implementing effective tax planning […]

Finance & Economics

Can you pay property taxes with a credit card?

Many individuals often opt to utilize credit cards for various payment transactions, including the payment of property taxes. This practice is particularly prevalent among individuals who possess rewards credit cards, as the payment of substantial bills, such as property taxes, can enable them to accrue a substantial number of rewards.

Finance & Economics

Can you pay federal taxes with a credit card

You might be wondering if you can use a credit card instead of cash to pay federal taxes. This can be a convenient option as it offers additional benefits that cash payment does not provide.

Articles

Top 10 Countries with Low Taxes

In a world where taxes burden individuals and businesses, countries with low tax rates are becoming increasingly appealing. These countries have implemented attractive tax policies to attract individuals and businesses, offering competitive corporate tax rates, exemptions, and benefits for personal income tax.

Science & Technology

IRS Uses AI Chatbots to Assist Taxpayers

IRS introduced expanded AI chatbot technology to help quickly answer basic questions about possibly underreported taxes.

Finance & Economics

Italy Revisits Bank Tax After Industry Rebuke

A controversial 40% tax on the banks’ income derived from higher interest rates was revised in Italy, now favouring banks that hold a higher proportion of government bonds

Finance & Economics

What Are the Advantages of Remote Bookkeeping Services?

In the 21st century, the financial success of enterprises can be closely linked to the accuracy of the economic data recorded. The professional services of a bookkeeping company could be crucial to detect the internal elements of your firm that can be optimized and bring your venture in line with other organizations active in your […]

Blockchain & Crypto

US Treasury and IRS Propose Crypto Tax Reporting Rules

The new crypto tax proposal from the US Treasury and IRS regulates the sale and exchange of digital assets by brokers, aiming “to close the tax gap, address the tax evasion risks posed by digital assets, and help ensure that everyone plays by the same set of rules.”

Blockchain & Crypto

IRS to Tax Crypto Staking Rewards

The Internal Revenue Service (IRS) has come up with taxation rules for those getting income from crypto staking

Articles

Everything You Need to Know About a K-1 Form

If you have a business partnership or corporation, you’ll likely need to file a K-1 Form for tax purposes. But you might not be familiar with how it works and how to file it.

News

Kenya Proposes Crypto Transfer Tax

The Kenyan national budget, which will be presented on June 8, proposes a 3% tax on the transfer of digital crypto assets

Finance & Economics

5 Tax Deductions You May Not Know About

Trying to get the biggest tax refund possible this year? You can save money and, in certain situations, increase your refund by examining your financial situation to see if you qualify for tax deductions and credits. Your adjusted gross income, which is required to determine how much tax you owe, could be reduced if you […]