Taxes

Is There a Deduction Limit on Charitable Donations?

Most people only know the 50% limit on charitable donations when donating. Did you know there is even 60% and 20%? Read more to understand the best knowledge.
Read More

Hiring a Business Tax Accountant: Key Considerations Guide

Navigate business taxation with ease by hiring the right tax professional. This guide offers key insights on qualifications, industry experience, and more.
Read More

Marginal Tax Rate: What is it?

Learn how the tax rate applies to every extra dollar of your earnings, also referred to as the marginal tax rate.
Read More

All About International Tax Competitiveness Index 2022

According to studies from the OECD, corporate taxes are more destructive for economic growth, with personal income taxes and consumption taxes being less harmful. Immovable property taxes are the least growth-deterrent of all types of property taxes.
Read More

How to Categorize Your Business Expenses?

This definitive guide will teach you the ins and outs of categorizing your business expenses. Get the actionable advice you need to build a successful small business today.
Read More

What Does It Mean To Be Dependent? Everything You Have To Know

Someone who received more than half of their assistance from you financially throughout the tax year is considered a dependant. Depending on their age and the nature of your relationship with them, additional requirements must be completed. You might save hundreds of dollars if you were allowed to claim them on your tax return
Read More

Back Tax Relief: How To Get Rid Of Them

Taxes that are due but have not been paid are said to be "back taxes," They typically relate to a previous tax year. You are not alone in your anxiety over tax day
Read More

Form W-2: Definition and Working

Form W-2 is an important tax document from your employer that includes information about your wages, tax withholding, and other advantages. Your tax return will be prepared using the information on your Form W-2, which must be received by the IRS no later than January 31 of each year. W-2 forms are used by the Internal Revenue Service to keep track of your past year's earnings from work.
Read More