General Information about taxes
As a woman, you probably know that the products marketed toward women tend to cost more than their male counterparts. You may not, however, realize that this phenomenon has a name: Pink Tax. If you’re wondering what it means and why it happens, read on! What is the Pink Tax? The Pink Tax is the …
Pink Tax: Why Women Pay More and What You Need to Know About It Read More »
Diapers, feminine hygiene products and menstrual pads are now tax-free in California. Gov. Jerry Brown signed a bill Thursday banning taxes on diapers and tampons. The law goes into effect January 1, 2020. Eliminating the tax was one of the first major policy proposals by Assemblywoman Lorena Gonzalez Estrada, D-San Diego, who is running for …
Diapers, Feminine Hygeine Products are Tax-Free In California Read More »
The Pink Tax is a gender-based pricing system that requires women to pay more for certain products and services compared to men. However, there is good news for women in Texas who are tired of paying more just because of their gender. State Rep. Donna Howard has filed a bill to eliminate the sales tax …
Texas Equality for All Wallets! Bye-Bye Pink Tax? Read More »
Tax accountants are responsible for managing the financial records of a business or individual. They must have extensive knowledge of federal and state tax laws and regulations, as well as accounting principles. Tax accountants may specialize in one area of taxation or serve as generalists who handle all types of returns. Tax Accountant Job Description …
What is Tax Planning? Tax planning is an essential part of your business. It can help you maximize deductions and minimize liability, which in turn reduces the amount of taxes you owe.Tax planning will also help you avoid penalties and interest on late payments, as well as ensure that all necessary information is reported accurately …
Introduction The tax filing deadline is approaching and it’s time to get your returns in on time. If you’re late paying your taxes, penalties can really add up. Here are some of the top penalties that may be assessed if you don’t file by the deadline: Late filing taxes Late filing taxes is not the …
Introduction You can deduct certain fees related to your business if they relate to your own taxes. For purposes of this deduction, “professional” includes an attorney, accountant or other person who provides advice about tax matters. If you have a C corporation or S corporation, do not deduct any fees related to its preparation of …
Can you deduct the fees you pay for a professional Tax Preparer Read More »
Introduction You may receive a tax bill if you owe money to the government. Your employer might have withheld income taxes from your paycheck, and those funds are now available for your use. If your filing status was different from what it should have been, you may get an incorrect tax bill. A new income …
Introduction As a contractor, you may be wondering if you are an employee or independent contractor. This is not always an easy question to answer. In fact, there are many different categories of workers in the United States, including those who work for themselves and those who work for others. The IRS has developed two …
Introduction Uber and Lyft drivers are independent contractors, not employees. As such, you must report all income from the business on your own tax return. This includes tips, bonuses, and commissions as well as income from driving for Uber or Lyft. It also includes any other business that you might be involved in – including …