Taxation Archives - Monily

Taxation

December 3, 2024
us expat taxes

US Expat Taxes Explained: Filing, Benefits, and Key Deadlines

Understanding and attempting to work out US expat taxes can feel overwhelming for Americans living abroad. Between breaking down foreign tax systems and understanding U.S. tax […]
October 26, 2024
What Happens If You Don’t File Taxes on Your Business

What Happens If You Don’t File Taxes on Your Business?

Running a business comes with a variety of responsibilities, and one of the most important is filing taxes. However, whether due to oversight, financial struggles, or […]
August 9, 2024
What Happens if You Don't Report Cryptocurrency on Taxes

What Happens if You Don’t Report Cryptocurrency on Taxes?

Over the last two decades, cryptocurrencies have evolved beyond what any investor would have dreamed back in the early 2000s. Digital currencies have experienced an exponential […]
June 20, 2024
What is Form 8995-A

What is Form 8995-A? An Advanced Business Owner’s Guide to the QBI Deduction

For business owners looking to maximize their financial efficiency and business gains, their understanding of the tax system and its particulars is vital. One element that […]
June 12, 2024
tax consequences of converting llc to c corporation

Converting from LLC to C Corp: Key Benefits and Tax Implications Explained

When considering a business restructuring, it is critical to understand the tax consequences of converting an LLC to a C corporation. Due to its flexibility, an […]
March 23, 2024
Tax Filing 2023 Deadlines for Small Businesses You Should Know

Tax Filing 2023 Deadlines for Small Businesses You Should Know

“Death and taxes” are the two things Benjamin Franklin promised us would always be certain. However, when it comes to human nature, we can safely add […]
February 19, 2024
Are Team Building Events Tax Deductible?

Are Team Building Events Tax Deductible?

There are various tax deductions and incentives that businesses can take advantage of, that help them reduce their tax liabilities. Some of these tax incentives apply […]
February 12, 2024
Do Client Gifts Qualify as Tax Deductible

Do Client Gifts Qualify as Tax Deductible?

It’s common corporate courtesy to present your clients with gifts every now and then, such as on Christmas or New Years and so on. Buying gifts […]
January 9, 2024
What’s the Difference between 1099-NEC and 1099-MISC

What’s the Difference between 1099-NEC and 1099-MISC? What’s the Deadline to File 1099s?

It’s easier to set up a business and even run it to achieve business goals, but there’s a lot more to running a business than just […]