Running a small business means that there are plenty of things tax-related you need to know. Many small business owners don’t know about some of the more complicated things, and they end up making mistakes in the filing, or by under-reporting their income, and a...
The two terms do sound quite similar, and to many, they might even appear to be the same. But, the reality couldn’t be further from that. With this text, we will explain the variance between the two terms, and you’ll understand why it’s essential for you...
We previously talked about the already famous Tax Cuts and Jobs Act of 2017, explaining it in straightforward terms how it affects the regular citizen like you. However, as is usually the case with such laws, many are still baffled as to how it all...
There are only two things certain in life – death, and taxes. You can’t cheat the first, so some attempt to trick the latter. Some do it in such a notorious way that what they did stays forever recorded in the annals of history. With that...
We all fear the IRS, especially when you start to wonder about things like these – how can the IRS see the difference between simple negligence and tax fraud? Upon a closer look, you realize it’s hard to draw a line between the two. We are...
