eCommerce companies have a substantial amount of tax deductions that can be a boon in a rapidly changing tax environment that can hinder their progress. Since the Supreme Court case South Dakota Vs. Wayfair, 43 states now tax eCommerce companies for selling goods in...
In the wake of the COVID-19 pandemic, federal and state deficits have surged to unpredicted levels. Given this scenario, tax efficiency is going to more crucial than ever. Taxes for wealthy individuals are expected to increase in the upcoming years, especially for...
Taxes are an unavoidable obligation that must be fulfilled each year. Preparing for it ahead of time makes it easy to file while procrastinating makes the process a lot more complicated. So, we would suggest start preparing now or at least stay up-to-date with tax...
If you don’t plan in advance, then the process can get very tedious and painful. Having the necessary documents and data pre-organized is necessary, or else you will experience a lot of trouble when calculating your taxes. What’s worse is that you may even end up...
Many in the US were left surprised when the tax season came to an end on April 15, 2019. Taxpayers noticed that they had to pay more taxes than last year. These taxpayers even complained of receiving considerably lower refund dollars from the Internal Revenue Service...
Accounting is the process of recording all business transactions, and accounting reports are a numerical representation of the performance of a business. Part of these accounting reports is the tax liability, and given the significance of taxation, avoiding recording...