As essential as it is to your business, managing payroll can quickly grow time-consuming. Regardless of how many workers you employ, keeping track of employee information is a weighty responsibility. Not to mention, the time spent managing payroll and keeping it IRS compliant can easily consume a business’s budget. While some small businesses still handle payroll manually, … [Read more...] about How Can Payroll Services Help Small Businesses Save Money?
How to Reduce Tax
How to Prepare for the Upcoming Tax Season
Nobody wants to spend time out of their day figuring out taxes. It’s not that fun determining how much of your hard-earned money is going to the government, after all. However, there are ways to make tax season less of an emotional drain and hassle. Armed with the right information, you can face tax season with peace-of-mind and calm. We can’t guarantee you’ll ever be “happy” … [Read more...] about How to Prepare for the Upcoming Tax Season
Lowest Corporate Taxes in the World
Among the countries with the lowest corporate taxes in the world, we can mention a number of Eastern European countries as well as the countries that are perceived as tax havens because they have a 0% corporate income tax (Anguilla, Bahamas, the Cayman Islands and others). At the other end of the spectrum, we can mention the United Arab Emirates, Brazil or Japan. Below, … [Read more...] about Lowest Corporate Taxes in the World
4 Tax Changes in 2018 and 2019 for Small Businesses
The tax landscape is ever-evolving for business owners. As a small business owner, you're responsible for keeping pace with the changes and how they impact you. These are the key tax changes for 2018 and 2019 that you need to know. The Qualified Business Income Deduction Was Introduced As we welcomed 2018, we also welcomed the Qualified Business Income Deduction. Sole … [Read more...] about 4 Tax Changes in 2018 and 2019 for Small Businesses
How Are Gambling Winnings Taxed? 3 Things You Need to Know
Believe it or not, gambling winnings in the United States are taxable. In an ironic twist, winners may become losers if they fail to pay Uncle Sam. Why? Because gambling income is 100% taxable according to United States tax law. According to the IRS, with topic #419 (gambling income and losses), ‘… Gambling winnings are fully taxable and you must report the income on your … [Read more...] about How Are Gambling Winnings Taxed? 3 Things You Need to Know