There are several reasons why a person may be eligible to deduct some of the mileage he incurs on his vehicle for tax purposes. Some of these reasons are due to business purposes or other work-related expenses. The deductions for work expenses are typically more significant than deductions taxpayers

It is important that you pay your back taxes, otherwise you may end up paying far more money than you had imagined.

Company tax Brisbane accountant you choose must be familiar with the rules as well as prompt in knowing the changing occurring in the company tax laws.

Are you getting stressed and pressured with your tax preparations, and with your accounting books? Here is the best solution that will ease your self from the burden of these yearly accountabilites. Read more information on tax preparation and annual audits here.

It is necessary for a business to obtain an Employer Identification Number (EIN) unless it is a sole proprietorship and the owner uses his social security number instead. Also called a Federal Tax Identification Number, an EIN identifies the business entity. Like social security numbers, the EIN has

Although most of us eagerly await our refund checks, receiving a check which is more than we anticipated can cause a great deal of anxiety. The unexpected cash triggers a flood of questions: What if I end up owing? What if I made a mistake? What if I get audited? Actually, IRS overpayments are more

Single mothers have it tough. As a single mother you have to work long hours, and when you do have free time it's dedicated to your children. With so little free time it's hard to squeeze in being your own accountant as well. Amid all the chaos, a lot of single mothers neglect to file thei

A federal tax lien can cause stress and financial harm, but with the help of a licensed tax professional options and solutions can help make it less of a burden.

Anyone who is a U.S. citizen and lives abroad must file a U.S. income tax return on any income earned worldwide. This does not necessarily mean you will have to pay taxes, but you must file an income tax return. If you aren't filing your tax return, the statute of limitations before U.S. tax collect

Florida state income tax prohibits to those who are permanent resident of the state. You can save your tax, if you have property in Florida State.

Thousands of groups known as auxiliary organizations provided support services to parent organizations such as churches, universities, police and fire departments, local governments and hospitals. Auxiliary organizations can be qualified as tax-deductible charities if they meet the requirements esta

Although you may think of a timeshare like a extended hotel, it is real property that creditors can take to satisfy a debt. However, putting a lien on a timeshare usually does not work to a creditor's advantage, especially if another creditor has a lien against the property. Because liens on timesha

When you first became employed at your current job, you completed an IRS Form W-4. This form indicated the amount of federal income tax to be withheld from every paycheck. A separate form, specific to your state, was also completed for your state income tax withholdings. These forms can be changed a

The sales and use tax rate in Georgia varies according to the jurisdiction. Georgia encompasses approximately 400 such taxing jurisdictions. Vendors must know what sales tax to charge in the area in which they sell products or services, and it behooves purchasers and customers to be aware of the par

If you want good tax advice, this is something you shouldn't ignore. It pays to always keep records of your tax returns, tax credits and claim benefits. If you don't know how to go about recording your tax histories and other financial activities, HM Revenue & Customs (HMRC) offer these ti

The Internal Revenue Service regards taxi drivers as self-employed and are classified as a sole proprietor of a business. If a taxi driver leases his cab from a fleet owner, he must file two different forms, Schedule C (Form 1040) and Schedule SE (Form 1040). If the taxi driver owns his own cab then

A Government that bemoans the population's low savings and investment rates has only itself to blame, and Wall Street Institutions are happy to exacerbate the problem with their own financial pandemic of products, strategies, and tax deferral/avoidance schemes. It's time to reinvent this w

The IRS is required by law to grant installment agreements to taxpayers if you meet certain criteria. Learn about those criteria how to go about setting it up.