Many owners of small businesses are unaware that an astounding 80% of American firms fail within the first 18 months. Accountants may perform a thorough analysis of your finances and produce a forecast for the entire year to...
The Internal Revenue Service said Tuesday that the term “digital assets” has replaced “virtual currencies,” a term used in previous years, on various tax forms. Taxpayers, the IRS said, “must again answer a digital asset question and report all digital asset-related income when...
Individuals and businesses impacted by recent storms in California will have an extended deadline to file federal tax returns and make payments, according to a recent IRS announcement. The Federal Emergency Management Agency (FEMA) has designated a wide...
All taxes can be broken down into three categories: Taxes on your purchases Taxes on your income Taxes on your assets Taxes on your purchases:When purchasing the majority of goods and services, consumers must pay sales taxes. These...
