Taxes touch every part of our lives. Any time we spend money or make money, it can impact our taxes - for good or for bad. Fortunately, we have a lot of influence over whether the impact is good or bad. It's all a matter of understanding the tax law. This is one of the reasons I wrote Taxes touch every part of our lives. Any time we spend money or make money, it can impact our taxes - for good or for bad. Fortunately, we have a lot of influence...more
The goal of tax planning is to arrange your financial affairs so as to minimize your taxes. There are three basic ways to reduce your taxes, and each basic method might have several variations. You can reduce your income, increase your deductions, and take advantage of tax credits. Every taxpayer likes to make sure that the IRS gets as little as possible, and to ensure that it happens it is essential take every tax deduction, credit or other...more
How to prepare Corporation Income Tax Return in Canada How to Prepare Corporation Income Tax Return for Business in CanadaIf you would like to prepare your corporation’s income tax return by yourself, then you must read this article. Step-by-step instructions are provided, making the corporate tax return preparation process pain-free.This article is a summarization of the video I produced entitled “How to Prepare Corporation Income Tax Return for Business in Canada,” the link for which is shown at the bottom of this article.Financial Statements – How to Prepare Corporation Income Tax Return for Business in CanadaBefore starting the preparation of your Canadian corporation income tax return, you will require the Income Statement and Balance Sheet of your company.Let’s use Tech Consulting Company Inc. (TCCI), a fictitious company, for demonstration purposes. Income statement for 2010:Sales $200,000, Expenses $84,000 (including $2,000 for meals and entertainment)Profit $116,000. TCCI is a profitable company!Balance Sheet as of December 31, 2010 (year-end)Assets (cash and accounts receivable) $149,100 Liabilities (accounts payable and GST payable) $13,000Equity...more
November 28th begins another brutal 2-game stretch with a home game against perennial AFC power Pittsburgh followed by a December 5th game at NFC contender Minnesota with both opponents favorites in 2011 Superbowl predictions. The final quarter of the Bills NFL schedule begins with a December 12th home game against Cleveland followed by a December...more
IRS has introduced an electronically tax return services are expanded now. When you efile your taxes for 2007 this year or beyond, most of you can efile it now for free using online tax return services. This means that you can now get your tax return forms faster and also get your tax refunds faster as well.You can use the direct deposit option...more
How confident do you feel about your tax knowledge? Are you an Oceanside resident who would like to become better informed when it comes to your taxes? Depauw Johnson Tax and Financial Services is an Oceanside business tax service doing their very best to keep the public well informed. On their website their dedication to tax education is very evident. Current and potential clients can easily benefit from the plethora of articles they have dealing with everything from filing your taxes as a newly wed, to tips on keeping afloat after the real-estate bubble burst. Many Oceanside residents are taking advantage of Depauw Johnsons free online services. Articles can be accessed directly on their website, as well as through a free online newsletter. The online newsletter also contains important reminders about all upcoming tax due dates. Their site also offers access to business coaching. Helpful, straight to the point articles on everything from marketing to cash flow strategies. Not only are there articles, but there are also reports, featured practices, and whitepapers. They are all just a click away and offer a wealth of information.People also find their client tools to be very...more
Significance of Qualified Corporate Tax Accountants Hiring qualified and experienced corporate tax accountants has all the most become a fad in the recent times. Chartered accountant Hertfordshire has well accepted this new trend and...more
One can get a bill consolidation quote to get rid off ones debt. If a person has taken more than one loan, the person is in to multiple debts. In this situation, one has to make more than one payment. Besides this, more money is paid in form of...more
IR-2009-92, Oct. 14, 2009WASHINGTON The Internal Revenue Service has launched a new case study and video program to help exempt organizations and their tax preparers better understand the newly revised Form 990 series which must be filed for the...more
Prediction: 4th AFC North - While it may not show up in the win column, the Browns will be an improved football team in 2010. I have a lot of faith that Cleveland can get this thing turned around sooner, rather than later, with Holmgren running the...more
According to UBS AG (UBSN) and Deutsche Bank AG (DBK), taxes over a 2003 compensation plan are not owed by them, which UK authorities argue that it was designed for avoiding millions of pounds in taxes and national insurance contribution on bonuses...more
Beat the NFL odds with world champion handicapper Jimmy Boyd all season long!2010 NFL Predictions: Washington Redskins By: Jimmy Boyd About the Author If you want winning NFL picks to help you cash in over the NFL odds, sign up...more