Category : Taxation
taxation
- January 19, 2024
The Ins and Outs of Tax Code Section 199A Deduction
Introduced in 2017 under the Tax Cuts and Jobs Act, the Section 199A deduction offers a significant tax break to pass-through entities. So, if you are a pass-through entity,...
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taxation
- January 17, 2024
Economic Nexus and Sales Tax: What Every Business Should Know?
The economic nexus is a tax collection criterion that significantly expanded the scope of sales tax obligations for businesses. Traditionally, a business needed to have a physical presence, like...
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taxation
- January 11, 2024
Decoding Depreciation: A Guide to Section 179 and Bonus Depreciation
Depreciation provisions like Section 179 and Bonus Depreciation are great options for businesses to maximize their tax deductions. But what is the difference between these two? How can you...
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taxation
- January 10, 2024
Maximizing Tax Deductions for Small Businesses
When you are running a small business, it’s important to identify every opportunity to cut your operational costs. One of the best ways to do this is by utilizing...
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taxation
- January 9, 2024
Tax Planning for High-Net-Worth Individuals
If you are a high-net-worth individual, tax planning is a critical component in managing your wealth. You need to deploy effective tax strategies to retain and grow your wealth....
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taxation
- January 6, 2024
Understanding the Qualified Business Income Deduction (QBI)
The Qualified Business Income Deduction (QBI) was introduced in the Tax Cuts and Jobs Act in 2017. It offers much-needed tax breaks to owners of pass-through entities. These entities...
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taxation
- January 5, 2024
Estate Tax Updates and Strategies
Today, we’re diving deep into the ever-evolving world of estate taxes. Let’s face it, nobody likes to talk about taxes, but hey, they’re a crucial part of our financial...
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taxation
- January 4, 2024
Tax-Efficient Retirement Planning Strategies
When you are approaching the age of retirement, it’s critical to plan in advance. It will be a time when you might need more money, and most probably, your...
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taxation
- January 2, 2024
Navigating Cryptocurrency Taxation in the USA
In recent years, cryptocurrency has transformed from a niche interest into a mainstream financial asset. The number of people trading and investing in Crypto has skyrocketed. But with this...
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taxation
- October 12, 2023
A Beginner’s Guide for Small Business Tax Filing for the First Time
Every new business owner wants to scale up their business as quickly as possible. This journey can be exceptionally rewarding, but it comes with its own challenges. Remember this:...
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