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Here are tax tips for those who are eligible if you are small business, self employed, professionals, direct sales, home based business etc.
No matter how hard the letters “EZ” at the end of the simple 1040 form try to lull us into a sense that taxes can be easy-breezy, it’s likely that while preparing your taxes, you’ll run into a question that you just aren’t sure how to answer.In our latest article on My Life Scoop we checked out six places where you can get free tax advice. Here's a sneak peak at the top of the list:
If you’re like most writers, you’re probably beside yourself wondering what you can deduct against your writing income when it comes to taxes. What does the Internal Revenue Service allow? What deductions send up a red flag? Will you be audited?
Many people are quick to complain about how changes to our tax system will affect them, but they won't do anything about it. Following are a few different lifestyles, some common issues within each one and how you can make the most of your situation when it comes to tax.
With the tax deadline (April 15) fast approaching, it’s time to check up on all of the deductions and credits available to you. If you’re a millennial and filing taxes is still a relatively new undertaking, then you might want to consider these strategies, especially if you want to avoid the dreaded tax audit.
Tax law is like the world’s biggest game of chess with all sorts of weird conundrums about ethics and civics and the consent of the governed built in,” Wallace wrote in an email to his friend, the novelist Jonathan Franzen, in 2007. “For me it’s a bit like math: I have no talent for it but find it still erotically interesting.
Musicians - you probably spend a lot of money supporting your craft every year, paying for instruments and amps, photos and photocopies, practice room space and van rentals. Wouldn't it be nice to deduct some of lose expenses on your income taxes? Maybe you can.
Commissioned salespeople frequently come under special scrutiny for IRS auditors. This is because of the wide variety of tax deductions available to sales professionals. Many sales professionals are independent contractors rather than statutory employees, and therefore effectively run their own businesses with all the attendant expenses, which are frequently unreimbursed by the companies they represent.
The tax specialists and Chartered Accountants have the expertise to ensure you receive the right advice to help you comply with ever increasing tax laws and regulations.
