Before the advent of Wayfair, states adopted laws mandating sales tax filing responsibilities on remote sellers and marketplace facilitators based on economic nexus standards such as three-factor apportionment; affiliate nexus;…
The Tax Cuts and Jobs Act (TCJA) introduced significant tax reform for business taxes that may impact small companies filing their returns this filing season, yet may leave many of…
When tax impacts are combined, investors, creditors and others can understand a business’ profitability and cash flows more efficiently. If not, those principles could defalcate the accounts to the fullest potential…
Rules that dictate where income comes from are an integral component of global tax law and must also be taken into consideration when assessing tax liabilities and filing requirements for…
Maintaining accurate records helps small businesses comply with regulatory changes and decrease penalties for inaccurate filings. In addition, this makes it simpler for owners to verify information on tax returns…
International tax compliance is important because investors need to understand the numerous international tax rules and requirements, when they engage in international business activities. The compliance penalties, overseas assets reporting,…
Taxes are an unavoidable burden on small business owners, but there are ways they can be reduced through strategic planning. Staying organized when it comes to receipts and expenses is…
You may be wondering if you’re eligible to receive an unemployment tax refund. If you’re single or married and filed jointly, you can deduct up to $20,400 from your earnings.…
There are many ways to get your tax returns filed for free, but it’s important to be careful of the scams. Using free tax preparation services may result in a…
An inheritance tax is a state tax that is collected from the estate of a deceased person. The benefactor pays this tax, not the estate itself. There are four states…