A Brief Guide to Tax Filing for New Business Owners

New business owners have to deal with a number of challenges as keeping the business afloat for the first few years is of great importance. Their survival strategy should also include tax filing. As the tax season approaches, startups and entrepreneurs start to worry about how much tax they owe the federal government. While working as an employee in someone else’s company, you don’t have to worry much about tax filing, but when you launch a business of your own, [...]

Importance of Technology in Tax Resolution

Taxpayers face a wide range of tax problems. Expert help is required when these problems turn into serious issues that taxpayers are unable to handle on their own. When a tax problem is ignored for a much longer time, the IRS decides to take strict action and collect the unpaid taxes forcibly. Tax resolution services prove to be of great help in these tough situations. A tax resolution company has expert tax professionals who are quite well-versed with resolving an [...]

Coronavirus Tax Relief Information

Coronavirus-affected countries across the world are dealing with a faltering economy. Not just the governments, but the common people are also bearing the brunt of the current pandemic. Many places are still in the lockdown phase while many others have started to relax the stay-at-home orders. In the United States, the government has rolled out a federal stimulus package to offer financial assistance to people in need. This has come as a big relief for taxpayers all across the country. [...]

Self Employment Tax: What You Need to Do to Avoid Problems

Payment of taxes for self-employed individuals is not the same as it is for employees. If you work on your own, you need to prepare and file your taxes a little differently. If you are not ready to prepare your self-employment taxes properly, you can easily run into problems and end up paying more. It is said that ‘tax is a minefield for the unwary’. If you are a self-employed individual you need to exercise even more precaution. If you [...]