Business Tax

  General Overview of Business Deductions Business expenses are the cost of carrying on a trade or business, and there may be some tax breaks there. But a lot has changed in recent months, and the rules can be complicated. Are there business deductions you can take advantage of? Yes, but first you have to […]

To many people, foreign investments are very attractive. However, when calculating the potential dual-country tax liability, the blush fades from the rose. That’s especially true in many quasi-socialist countries, like France, the UK, and Spain, where taxes are quite high. Fortunately, the Foreign Tax Credit offers a great deal of relief. Expat or domestic taxpayers […]

Choosing an Accountant Who Puts Your Goals First There is an endless supply of do-it-yourself tax preparation tools and websites, and the sheer volume of options can lead you to believe the process of filing your returns is simple. However, a DIY approach only works if you are satisfied with paying more than necessary. Tax […]

Withholding taxes are very important to the federal government. Payroll taxes account for over a third of all federal revenue. These taxes are even more important to American families. Many families do not prepay estimated taxes. Since they only pay withholding taxes, a good W-4 withholding plan is essential. Otherwise, a family could have a […]

Everyone knows about income taxes and sales taxes, but we tend to forget about excise taxes, because they’re not obvious. Click through for an introduction to this important class of taxes, and see what’s changed. Excise taxes are paid when purchases are made on specific goods or activities, such as wagering or highway usage by […]