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Taxation

April 5, 2023
employer tax liability

What Is Employer Tax Liability? Its Definition With Examples And Calculations

Employer tax liability refers to the legal responsibility of an employer to pay various taxes on behalf of their employees to the government. These taxes are […]
April 3, 2023
taxation without representation

Everything You Need To Know About Taxation Without Representation

Taxation without representation is when a government imposes taxes on its citizens without their consent or input. The term is often used to describe the situation […]
April 1, 2023
Tax Season 2023

Tax Season 2023: All The Tax Deadlines You Need To Know

Tax season is a time of year that many people dread, but it’s also a necessary part of life. Whether you’re a freelancer, a small business […]
March 21, 2023
What Is IRS Form 941 Filling Tips For Small Businesses

A Complete Guide To IRS 941 Form Submission

What is the IRS 941 Form? 941 form is a quarterly tax form used by employers in the USA to report withholding taxes from employees’ wages, […]
February 21, 2023
irs mileage rate 2023

Tax Season 2023: Understanding Standard IRS Mileage Rates

Taxpayers can maximize their returns in multiple ways. There are numerous tax credits and deductions, like the IRS Mileage Rate 2023, to help ease the tax […]
December 16, 2022
W-9 tax form

What Is A W-9 Tax Form And How Is It Used?

A W-9 tax form, in a nutshell, is a form that is used by a person to report a certain kind of taxable income. This form […]
December 15, 2022
IRS Form 720

A Guide To IRS Form 720

Are you a small business dealing in goods and services which are subjected to excise tax, like fishing equipment, gasoline, or air transportation? If the answer […]
December 8, 2022
Cost Recovery Method

What Is A Cost Recovery Method

Cost recovery plays a crucial role when it comes to defining a business’s taxable income, and it can impact the decisions related to investment. To understand […]
December 7, 2022
Assets Depreciated

What Does IRS Say About Depreciable & Non-Depreciable Assets

Depreciation is a devaluation of an asset over a period of time. Your tangible assets like equipment, vehicles, building, furniture, and machinery are all examples of […]