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  • Top 12 Questions Entrepreneurs Have About Business Taxes
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    Top 12 Questions Entrepreneurs Have About Business Taxes

    Business taxes can be complicated, and it is not unusual for entrepreneurs to have several questions related to them. After all, there are a number of taxes that must be paid at different times of the year, which complicates a lot of business matters. Since it is important to understand the complicated tax regulations and […] More

  • Understanding Tax Credits for Businesses and Individuals
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    Understanding Tax Credits for Businesses and Individuals

    Taxpayers can deduct a certain amount from their tax liability through a tax credit. Tax credits, as opposed to deductions, reduce the tax owing rather than only the taxable income. Individuals and businesses in specified regions, classifications, or industries may be eligible for various tax credits. It is our goal to help you get a […] More

  • Understanding Tax Accounting and the Importance of Year-Round Maintenance
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    Understanding Tax Accounting and Year-Round Tax Maintenance

    Accounting for tax purposes is a significant subject. The demand for tax accountants will not diminish. Even though accounting software is now available to assist consumers in handling their finances. So, understanding tax accounting and year-round tax maintenance is essential for everyone. As a specialist activity, you can’t ignore tax accounting. Regardless of the organization’s […] More

  • Fraud – Continuing to Pull Back the Curtain on Federal Relief Abuses
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    Fraud – Continuing to Pull Back the Curtain on Federal Relief Abuses

    The last two years saw one of the biggest frauds in U.S history. Recording a theft of more than $80 billion dollars intended to help those affected by the Covid-19 Pandemic. Almost 10 percent of the 800 billion dollar fund given out for the Paycheck Protection Program or PPP under the COVID relief plan was […] More

  • Developments in State Taxation and Incentives for Crypto Mining
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    State Taxation and Incentives for Crypto Mining

    Crypto mining has become one of many recent technological advancements due to the cryptocurrency boom. Numerous governments have taken the lead in encouraging these enterprises from a tax and regulatory viewpoint. Many governments are grappling with new concerns related to crypto mining. And this article will focus on how a state may encourage the establishment […] More

  • What To Do If Your Tax Records Are a Mess?
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    What To Do If Your Tax Records Are a Mess?

    Most people believe that the pace of work for tax professionals slows down after Tax Day. But the pace accelerates. And one of the reasons is the mistakes that sometimes happen due to your tax records being a mess when you file your tax return. You might get a revised 1099 in the mail following […] More

  • The 5 Biggest Misconceptions about ERC
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    The 5 Biggest Misconceptions about ERC

    Businesses across the country have yet to evaluate the 2021 Employee Retention Credit (ERC). Or have assumed that they are ineligible. As a result, a substantial sum of money is still being paid to the federal government when it could be spent on businesses in need. The maximum ERC amount in 2021 was $7,000 per […] More

  • The Difference between Money Laundering, Tax Evasion, and Tax Fraud

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    The Difference between Money Laundering, Tax Evasion, and Tax Fraud

    Tax fraud, tax evasion, and money laundering can seem similar, if not the same, to laypeople. As a result, they assume the legal penalty for all three offenses is the same. But that’s not true. Although tax fraud, evasion, and money laundering fall under the umbrella of tax abuse, they are not one tax crime […] More

  • How Federal and State Governments Prove Willful Tax Evasion
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    How Federal and State Governments Prove Willful Tax Evasion

    There is a thin line between tax avoidance and tax evasion. Tax avoidance is when an individual deliberately plans their tax payments to lower their tax bills and avail maximum benefits. On the other hand, willful tax evasion is when individuals escape paying the taxes they owe by unlawful means. Such as hiding their real […] More

  • 7 Things You Should Do Before Year-End to Reduce Your 2021 Tax Bill
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    7 Things You Should Do Before Year-End to Reduce Your Tax Bill

    The end of the year is all about holidays. So who wants to burden themselves thinking about the huge tax bill they have to pay? What if a few simple financial decisions you make before the year-end can save you thousands of dollars? As well as, reduce your tax bill. Putting in some effort into […] More

  • New IRS Policy Will Affect CashApp Business Transactions
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    New IRS Policy Will Affect CashApp Business Transactions

    Millions of people use monetary transaction applications like PayPal, Venmo, and CashApp. They are going to be the target of the new IRS policy that will be implemented in 2022. CashApp allows business owners to receive unlimited money through their business accounts. The platform charges 2.75% per transaction. When an individual uses a cash card […] More

  • What to do if you are a victim of tax identity theft?
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    What to do if you are a victim of tax identity theft?

    So, you try to file your tax returns, and to your utter dismay, you find out that someone has already filed their tax returns using your social security number. If you stumble upon these unfortunate circumstances, then you are a victim of tax identity theft – or, to be more specific, stolen identity refund fraud. […] More

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