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Taxation

January 25, 2022
tax benefits of s corp

Tax Benefits Of S-Corporation: How Does An S-Corp Save Taxes?

A corporation, be it a C-Corp or LLC, pays hefty taxes, not once but twice. First, the corporation’s income is taxed, and then the owners’ dividends. […]
August 27, 2021
tax liability

What Is Tax Liability And How To Calculate It

Benjamin Franklin once said, “in this world, nothing is certain except death and taxes.”. Whether you are employed, self-employed, or operate your own business, you will […]
August 20, 2021
how long to keep business tax records

How Long To Keep Business Tax Records And Receipts?

The basic rule of business management requires you to keep your financial statements ready at all times. It allows you to keep tabs on your expenses, […]
August 9, 2021
tax tips 2021

10 Tax Tips For Tax Filing in 2021

The third quarter of 2020 taxes is due on September 15, 2021. How prepared are you to file your taxes? Are your books in good shape? […]
July 15, 2021

Filing Business Back Tax Returns – A Complete Guide

Filing your tax returns as a small business owner for the first time is as exciting as it is overwhelming. You try your best to file […]
June 25, 2021
capital gains calculator

Capital Gains Tax Calculator – How To Calculate Capital Gains Tax in 2021

Are you planning to sell your stocks for a profit? Sounds great. But don’t count your chickens before they hatch. Making money on an investment in […]
June 12, 2021
federal income tax rates 2021

2021 Federal Income Tax Brackets & Rates

In brief  There are seven tax brackets with 2021 federal income-tax rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your tax rate hinges on […]
June 11, 2021

Small Business Tax Deductions Checklist For 2021

Starting a business is a big feat for many entrepreneurs, but keeping the ball rolling is a much bigger challenge. Besides other pain points, the ongoing […]
May 16, 2021

What Biden’s Reported Capital Gains Tax Hike Could Mean For Startup Employees

President Joe Biden’s American Families Plan seeks a historic tax hike on the investment returns of the top earners. The aim is to target the richest Americans […]